[ad_1]
Indian jeweler and watch maker Titan Company reported third-quarter profit below estimates on Thursday as escalating costs of bullion outshined demand during the festive season.
Titan, a joint venture between salt-to-software conglomerate Tata Group and Tamilnadu Industrial Development Corp, said its profit rose 9.4% to Rs 1040 crore ($125.33 million) in the three months ended Dec. 31, according to an exchange filing.
Analysts were expecting profit to rise to 10.94 billion rupees, according to LSEG data.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
First Published: Feb 01 2024 | 4:04 PM IST
[ad_2]
Source link
