Titan Q1 net up 53% on jewelry, watches

BENGALURU: Titan Company reported a 52.5% year-on-year improve in net revenue to Rs 1,091 crore for June quarter, backed by sturdy performances in jewelry and watches companies, regardless of elevated gold costs. The Tata group agency’s income rose 24% to Rs 16,628 crore in the identical interval. Sequentially, it rose to about 11% from Rs 15,032 crore within the earlier quarter. Its EBIT margins expanded to 11.7% from 9.7% a 12 months in the past.