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What should investors do with Titan Company after Q3 results; buy, sell or hold?

The watches and wearables business posted 29 percent on-year growth in sales to Rs 708 crore, while the eyewear operations grew 26 percent.

February 04, 2022 / 09:31 AM IST
  • bselive
  • nselive
Todays L/H

Titan Company share price fell in early trade on February 4 after December quarter (Q3FY22) numbers.

Titan Company on February 3 reported a 135.6 percent year-on-year growth in net profit to Rs 987 crore for the quarter ended December, beating analysts' estimate of Rs 847 crore by a wide margin.

The consumer discretionary company reported a 30.6 percent on-year growth in revenue from operations to Rs 9,515 crore, which was also above Street's expectations of 9,337 crore.

The jewellery business jumped 37 percent on-year to Rs 8,563 crore in the reported quarter.