India's Tata-owned Titan misses Q2 profit view on bleak studded jewellery demand
Indian jeweller and watchmaker Titan reported a smaller-than-expected second-quarter profit on Tuesday, hurt by weak demand in its studded jewellery business. The Tata group company posted a consolidated profit of 7.
Titan’s Q2 net profit falls 23% to Rs 704 crore
Leading jewellery and watchmaker Titan on Tuesday reported a 23 per cent decline in its consolidated net profit to Rs 704 crore for the second quarter ended on September 2024. The company posted a net profit of Rs 916 crore in the July-September quarter a year ago,
Titan Q2 Results: Net Profit Falls 23% Due to Customs Duty Cut, Jewellery Business Up 25% | ET Now
Net Profit Falls 23% Due to Customs Duty Cut, Jewellery Business Up 25% | ET Now#titan #q2ernings #q2results #etnow #businessnews #jewellerybusiness
India's Titan's Q2 profit falls as gold import tax cut drives inventory losses
India's Titan reported a 23% fall in second-quarter profit on Tuesday, as a cut in customs duty on gold imports led to inventory losses and shrank margins. The Tata group company posted a consolidated profit after tax of 7.
'Gold Customs duty cut had impact of Rs 290 crore': Titan's profit falls 25% in July-Sept quarter
Union Finance Minister Nirmala Sitharaman proposed a decrease in Customs duty on gold from 15% to 6% in the Union Budget 2024.
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titan q2 results profit revenue ebitda margin jewellery share price bse nse target
Jewellery margins at the company have disappointed, with management lowering its margin guidance for FY25 by around 100bps. Net profit at the company for the September quarter declined 23 per cent ...