Titan Company shares gained more than 2% in early trade on February 11 (IST) after the company reported strong consolidated earnings for the third quarter.
At 9:17 AM IST, the stock was trading near ₹4,350, after opening at ₹4,350. The day’s high so far stood at ₹4,378.40, which also marks its 52-week high, while the day’s low was ₹4,313.50. The previous close was ₹4,269.10. The 52-week low for the stock is ₹2,925.00.
For the December quarter, Titan Company reported consolidated revenue of ₹25,416 crore, up 43.26% compared to ₹17,740 crore in the same quarter last year. The sharp rise in topline was accompanied by strong operating performance.
EBITDA increased 62.06% year-on-year to ₹2,713 crore from ₹1,674 crore. EBITDA margin expanded by 123 basis points to 10.67% versus 9.43% in the corresponding quarter last year, indicating improved operational efficiency.
Net profit rose 60.84% to ₹1,684 crore, compared to ₹1,047 crore in the year-ago period, reflecting both revenue growth and margin expansion.
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