Titan Q2 net profit rises 3.5 pcs to Rs 312 cr

New Delhi, November 5 () The firm of Tata Group, Titan Company Ltd, on Tuesday recorded a 3.5 percent increase in its consolidated net profit of Rs 311.65 rupees for the second quarter ended September 30.

The company had reported a net profit of Rs 301.11 rupees for the period July-September 2018-19.

Its total income in the quarter of September 2019 increased to Rs 4,693.34 crore, compared to Rs 4,595.13 rupees in the same period of the previous year, Titan Company said in a regulatory document.

The company has performed well in all of its businesses in the second quarter given the moderate market and consumer sentiments. The jewelry business has had better results than most players in the industry, said Managing Director of Titan Company, C K Venkataraman.

Both watches and eyewear companies registered good growth in July-September 2019, he added.

For the second half of the current fiscal year, we are preparing on all fronts to stimulate demand with innovative campaigns for new exclusive collections that line up for the launch in all of our brands, Venkataraman said.

The company's retail chain number was 1,668 stores at the end of September, while the retail area crossed 2.1 million square feet nationwide for all its brands, Titan Company said. The company's shares closed 1.2 percent on Tuesday below Rs 1,283.85 each in the BSE. MSS HRS