Titan Q3 results: Profit up 61% YoY to Rs 1,684 crore, total income up 40%

Consumer major Titan Ltd on Tuesday reported 61% year-on-year (year-on-year) growth in its consolidated net profit at Rs 1,684 crore, while total income rose 40% year-on-year to Rs 24,592 crore.EBIT for the quarter (excluding exceptional items) rose 63% year-on-year to Rs 2,657 crore. Margins improved by 155 basis points to 10.8%. In terms of segments, […]

FMCG players are witnessing a strong recovery in the third quarter following rising demand and margin expansion

Driven by GST reforms, robust festive demand and softening commodity prices, the FMCG sector expects volume-based growth, supported by mid-single digit sales growth and improved operating margins in the December quarter.After resolving the GST-induced disruptions, with distributors and retailers focusing on liquidating existing higher-priced inventory in the channel, the FMCG companies have witnessed signs of […]

Titan Company shares profits on ‘beYon’ debut, the first lab-based diamond store. What do real estate agents say?

Shares of Tata Group heavyweight Titan Company rose nearly one per cent to an intraday high of Rs 4,015 on Monday as investor sentiment strengthened ahead of the opening of its first-ever lab-grown diamond store in Mumbai under the new brand beYon. With today’s rise, the stock has risen for the second session in a […]

Ahead of Market: 10 Things That Will Determine Stock Market Action on Monday

The Indian market closed lower on Friday, with the Sensex and Nifty falling as investors cut positions near record highs, while thin year-end trading and continued foreign outflows dampened risk appetite. The pullback capped a subdued session marked by light participation and selective selling among index heavyweights.The BSE Sensex fell 367 points or 0.4% to […]

Helpful to get support from rupee strength, FII inflows

The near-term outlook for Nifty has turned cautiously positive, supported by improving technical signals, a recovery in the rupee and a resumption of buying by foreign investors. While resistance around 26,000 points remains crucial, a decisive breakout could pave the way for further upside potential, although periodic consolidations or volatility cannot be ruled out.RUCHIT JAIN […]