Titan Co jumps 9% post Q3 result; net profit rises 13% YoY to Rs 470 crore

Segment-wise, the Jewellery business recorded a growth of 10.6 per cent in Q3 over last year.

Titan Company on Tuesday climbed 9 per cent to Rs 1,288 on the BSE after the company posted a 12.9 per cent year-on-year (YoY) rise in its standalone net profit at Rs 470 crore for the quarter ended December 31, 2019 (Q3FY20). Tata Group Company had registered a profit of Rs 416.crore in the year-ago quarter. Sequentially, the numbers grew 46 per cent.

The company's standalone revenue grew 9 per cent YoY at Rs 6,206 crore during the reporting quarter, against Rs 5,672 crore in the corresponding quarter of previous fiscal. On quarter-on-quarter basis, revenue saw a healthy 40 per