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Titan Firm Ltd, the flagship company of the Tata Group, recorded double-digit sales growth in the December quarter, owing to strong customer demand over the holiday season. The firm recorded a standalone net profit of ₹951 crore for the third quarter, a 3.6% decrease from the previous year’s period of ₹987 crore.
Product sales increased 11% to ₹10,444 crore, up from ₹9,381 crore in the previous year’s December quarter.
Titan shares were trading 1.79% down at ₹2,304.00 a share on the NSE at noon on Thursday.