03-11-2023 03:50 PM | Source: Reuters
India's Tata-owned Titan beats Q2 profit view on growing jewelery demand
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Indian jeweler and watch maker Titan Company on Friday beat second-quarter earnings expectations, aided by the strong demand for its gold jewelery brands and growth in online sales.
Titan, a joint venture between the Tata Group and Tamilnadu Industrial Development Corp, said its profit for the second quarter ended Sept. 30 was 9.40 billion rupees ($113 million), beating analysts' average expectation of 8.47 billion rupees per LSEG data.
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