Wednesday, 27 January 2016

Titan may see strong Q3 on wedding, festive jewellery sales

Titan is expected to see a stronger December quarter with wedding and festive season pushing jewellery sales on low base. According to CNBC-TV18 poll, Titan is likely to report net profit at Rs 225 crore in December quarter, up 17.9 percent from Rs 191 crore in corresponding quarter last fiscal. Revenue, during the period, is seen up 14.4 percent at Rs 3342 crore against Rs 2922 crore on an annual basis.

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