How do analysts view Titan's Q3 results?

Titan Industries shares slipped over 4% on Wednesday after the watch and jewellery maker reported little lower-than-expected 19% year-on-year rise in third quarter net profit and margins also disappointed investors.

February 01, 2012 / 15:13 IST

26 Aug, 2025 12:21

Volume

Todays L/H

Moneycontrol Bureau

Titan Industries shares slipped over 4% on Wednesday after the watch and jewellery maker reported little lower-than-expected 19% year-on-year rise in third quarter net profit and margins also disappointed investors.

The company's net profit was at Rs 163.91 crore in October-December, compared with 137.6 crore in the year ago quarter. Revenue was up 25.6% year-on-year at Rs 2,471.5 crore.

Analysts on average had expected Titan to report a third quarter net profit of Rs 168 crore on sales of Rs 2,500 crore, according to a CNBC-TV18 poll.

"Management mentioned gold jewellery offtake (74% of segment sales, including coins/bars) remains under pressure. It is betting on diamond sales

first published: Feb 1, 2012 12:57 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

Al Edge Newsletter On Saturdays

Find the best of Al News in one place, specially curated for you every weekend.
MC Tech 3 Newsletter Daily-Weekdays

Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347