Titan Q3 net zooms 91% to Rs 1,004 cr, revenue up 37% on robust demand

Driven by festive purchases in October and November, the jewellery business registered an income of Rs 8,563 crore with 37% growth in Q3FY22

Titan saw its December quarter (Q3) net profit zoom 91 per cent to Rs 1,004 crore compared to the year-ago period, even as revenue from operations rose 37 per cent to Rs 9,903 crore riding on strong consumer demand in the same period.

With the jewellery division doing well, and other divisions also witnessing growth over pre-pandemic levels, the total income for the quarter was Rs 9,570 crore, including bullion sale of Rs 54 crore, a growth of 31 per cent compared to total income of Rs 7,324 crore in Q3 of FY21 that included bullion sale of Rs 340