Titan Company Ltd., incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 126536.16 Crore) operating in Gems and Jewellery sector.
For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 4127.00 Crore, up 201.68 % from last quarter Sales of Rs 1368.00 Crore and down -10.30 % from last year same quarter Sales of Rs 4600.71 Crore. Company reported net profit after tax of Rs 174.00 Crore in latest quarter.
The exit from Mont Blanc – another loss-making venture – and the scale-down of Favre Leuba are steps in the right direction and should improve overall profitability and enable Titan to invest in its core growth businesses.
Promoters held 52.9 per cent stake in the company as of Sept 30, 2020, while FIIs held 18.1 per cent, DIIs 11 per cent and public and others 18.1 per cent.