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Titan Q4 PBT rises 13% at Rs 509 crore despite Covid-19 disruption

Minimises impact of pandemic through cost control measures; says witnessing good response from customers post opening up outlets

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Consolidated revenues of the firm declined around 4 per cent at Rs 4,753.2 crore year-on-year basis.

Debasis Mohapatra Bengaluru
Watch to jewellery maker Titan posted largely in-line quarterly financial numbers although coronavirus (Covid-19)-related disruptions adversely impacted its top line and profit during this period.
 
The Tata group company said it could minimise impact of the pandemic due to aggressive cost-control measures. The company also said its stores across the country were receiving encouraging response as they open up under the relaxed norms.

 
In the quarter ended March 31, Titan posted profit before tax (PBT) of Rs 509.25 crore, a