02 Aug 2023, 05:30 pm
Titan Company's net profit declined two per cent to ₹777 crore n the April-June quarter of fiscal 2023-24 (Q1FY24), compared to ₹793 crore in the corresponding period last year. The jewellery and accessories maker's revenue from operations during the first quarter of current fiscal stood at ₹11,145 crore, compared to ₹8,961 crore in the year-ago period. Titan Company share price was trading a percent lower ahead of the release of Q1 results today.
Titan Company was expected to see a decent earnings growth in the first quarter of FY24. Analysts expected the net profit rising 14.24 per cent and revenue growth at 19.4 per cent on a year-on-year basis in Q1FY24.
Meanwhile, Interglobe Aviation, the operator of IndiGo Airlines reported a net profit of ₹3,090 crore in the June quarter