Titan is ready to announce its second quarter earnings today
NEW DELHI: Titan, the Indian jewelry and watchmaker, is prepared to declare its second quarter results today, that is, on November 5, 2019. The Tata group's firm showed a 6.17% year-on-year rise (year per year) in its independent net profit of Rs 371 million rupees for the quarter ended June 30, 2019.
Titan's jewelry brand, Tanishq, is preparing to add 54 more stores to the existing 300 by the end of this financial year, making its performance in the second quarter be careful. The company was listed at Rs 1289.90 (NSE) and Rs 1290.00 (BSE) at 10:16 am on November 5, 2019.
In the same quarter of the previous year, Titan reported a 2.85% year-on-year increase in its independent net profit at Rs 314.38 crore. With the ongoing retail expansion plan and the macroeconomic environment along with lower consumption, it would be interesting to see how Titan has benefited in the second quarter of 2019.
(With agency contributions)