{"id":139878,"date":"2023-02-02T07:57:00","date_gmt":"2023-02-02T12:57:00","guid":{"rendered":"https:\/\/44.250.171.167\/?p=139878"},"modified":"2023-02-02T07:57:02","modified_gmt":"2023-02-02T12:57:02","slug":"titan-reported-its-q3fy23-results-net-profit-drops-by-10","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/titan-reported-its-q3fy23-results-net-profit-drops-by-10\/","title":{"rendered":"Titan reported its Q3FY23 results; Net profit drops by 10%"},"content":{"rendered":"\n<p>Tata group&#8217;s flagship company Titan Company Ltd reported double digit revenue growth during the December quarter, driven by healthy consumer demand during the festive season. The company reported a consolidated net profit of \u20b9913 crore for third quarter, which is a decline of 10% over previous year period of \u20b91,012 crore.<\/p>\n\n\n\n<p>Sale of products grew 10% to \u20b911,609 crore as against \u20b910,037 crore crore in the December quarter of the year-ago period. The jewellery division witnessed a total income of \u20b99,518 crore, an increase of 11% compared to the corresponding quarter of last year. The India business grew by 9% in the same period, backed by healthy consumer demand during the festive season.<\/p>\n\n\n\n<p>The Jewellery division achieved Earnings Before Interest and Tax (EBIT) of \u20b91,236 crore, with a margin of 13%. The customer walk-ins were robust and consumer preference for differentiated designs were prominent across categories. Business continued to invest in brands and digital capabilities and pursue market share gains through competitive offers and pricing, the company said in a regulatory filing.<\/p>\n\n\n\n<p>The Watches &amp; Wearables section recorded a total income of \u20b9811 crore, up 15% compared to Q3FY22. It recorded an EBIT of \u20b989 crore, clocking an EBIT margin of 11%. A slew of exciting product launches in the fiscal year coupled with the festive season contributed to the Wearables space exhibiting a multi-fold growth over the same period last year.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"791\" height=\"1024\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/49a412a2-5ba6-4eab-adb5-1ac81e5a7cc7-791x1024.png\" alt=\"\" class=\"wp-image-139879\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/49a412a2-5ba6-4eab-adb5-1ac81e5a7cc7-791x1024.png 791w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/49a412a2-5ba6-4eab-adb5-1ac81e5a7cc7-232x300.png 232w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/49a412a2-5ba6-4eab-adb5-1ac81e5a7cc7-768x994.png 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/49a412a2-5ba6-4eab-adb5-1ac81e5a7cc7-1186x1536.png 1186w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/49a412a2-5ba6-4eab-adb5-1ac81e5a7cc7-1582x2048.png 1582w\" sizes=\"auto, (max-width: 791px) 100vw, 791px\" \/><\/figure>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tata group&#8217;s flagship company Titan Company Ltd reported double digit revenue growth during the December quarter, driven by healthy consumer demand during the festive season. The company reported a consolidated net profit of \u20b9913 crore for third quarter, which is a decline of 10% over previous year period of \u20b91,012 crore. Sale of products grew [&hellip;]<\/p>\n","protected":false},"author":1863,"featured_media":139879,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,392,85],"tags":[11444,9950,9717],"class_list":["post-139878","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infographics","category-earnings","category-retail-stocks","tag-eyecare","tag-jewellery","tag-watches"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/49a412a2-5ba6-4eab-adb5-1ac81e5a7cc7.png","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":140863,"url":"https:\/\/alphastreet.com\/india\/titans-net-profit-dropped-by-10-in-december-quarter-of-fy23\/","url_meta":{"origin":139878,"position":0},"title":"Titan&#8217;s net profit dropped by 10% in December quarter of FY23","author":"Chirag Gupta","date":"February 2, 2023","format":false,"excerpt":"Titan Company Ltd reported double digit revenue growth during the December quarter, driven by healthy consumer demand during the festive season. The company reported a consolidated net profit of \u20b9913 crore for third quarter, which is a decline of 10% over previous year period of \u20b91,012 crore. Sale of products\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":172112,"url":"https:\/\/alphastreet.com\/india\/titan-q2-fy26-earnings-results\/","url_meta":{"origin":139878,"position":1},"title":"Titan Q2 FY26 Earnings Results","author":"Chirag Gupta","date":"November 4, 2025","format":false,"excerpt":"Titan Company Ltd is among India\u2019s most respected lifestyle companies. It has established leadership positions in the Watches, Jewellery and Eyewear categories led by its trusted brands and differentiated customer experience. It was founded in 1984 as a joint-venture between TATA Group and Tamilnadu Industrial Development Corporation (TIDCO). \u00a0 Q2\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"Titan Q2 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/Titan-Q2-FY26-Earnings-Results.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/Titan-Q2-FY26-Earnings-Results.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/Titan-Q2-FY26-Earnings-Results.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/Titan-Q2-FY26-Earnings-Results.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/Titan-Q2-FY26-Earnings-Results.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/Titan-Q2-FY26-Earnings-Results.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":132579,"url":"https:\/\/alphastreet.com\/india\/infographic-titan-q1-consolidated-net-profit-soars-by-more-than-3000-while-revenue-jumps-by-172\/","url_meta":{"origin":139878,"position":2},"title":"Infographic: Titan Q1 consolidated net profit soars by more than 3000% while revenue jumps by 172%","author":"Chirag Gupta","date":"August 5, 2022","format":false,"excerpt":"Titan Company on Friday reported ore than 3000% jump in year-on-year (YoY) net profit at Rs 785 crore in June quarter compared with Rs 46 crore profit in the same quarter last year. The Tata Group firm said its quarterly revenues were the second-best, buoyed by a strong festive demand\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"trending stocks high volatility","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":144895,"url":"https:\/\/alphastreet.com\/india\/titan-ltd-q4fy23-results-out-net-profit-soars-by-40\/","url_meta":{"origin":139878,"position":3},"title":"Titan Ltd Q4FY23 results out, net profit soars by 40%","author":"Chirag Gupta","date":"May 3, 2023","format":false,"excerpt":"Titan Company Ltd is among India\u2019s most respected lifestyle companies. It has established leadership positions in the Watches, Jewellery and Eyewear categories led by its trusted brands and differentiated customer experience. It was founded in 1984 as a joint-venture between TATA Group and Tamilnadu Industrial Development Corporation (TIDCO). Titan Ltd\u2026","rel":"","context":"In &quot;Consumer&quot;","block_context":{"text":"Consumer","link":"https:\/\/alphastreet.com\/india\/category\/consumer-stocks\/"},"img":{"alt_text":"earnings preview","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":144890,"url":"https:\/\/alphastreet.com\/india\/titan-ltd-reported-a-33-rise-in-its-revenue-in-q4fy23-results\/","url_meta":{"origin":139878,"position":4},"title":"Titan Ltd reported a 33% rise in its revenue in Q4FY23 results","author":"Chirag Gupta","date":"May 3, 2023","format":false,"excerpt":"Titan Ltd reported Total revenue for Q4 FY23 of \u20b910,360 Crore, up from \u20b97,796 Crore year on year depicting a growth of 33%. While the consolidated Net Profit of \u20b9736 Crore, up 40% from \u20b9527 Crore in the same quarter of the previous year. The Earnings per Share is \u20b98.22,\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/1b2ad70b-0473-4504-b5de-ab879d5d0270.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/1b2ad70b-0473-4504-b5de-ab879d5d0270.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/1b2ad70b-0473-4504-b5de-ab879d5d0270.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/1b2ad70b-0473-4504-b5de-ab879d5d0270.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/1b2ad70b-0473-4504-b5de-ab879d5d0270.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/1b2ad70b-0473-4504-b5de-ab879d5d0270.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":177594,"url":"https:\/\/alphastreet.com\/india\/d-p-abhushan-q3-fy2026-results-show-strong-revenue-and-profit-growth\/","url_meta":{"origin":139878,"position":5},"title":"D. P. Abhushan Q3 FY2026 Results Show Strong Revenue and Profit Growth","author":"Staff Correspondent","date":"January 24, 2026","format":false,"excerpt":"D. P. Abhushan Limited (NSE: DPABHUSHAN, BSE: 544161) reported its financial results for the third quarter of fiscal year 2026, covering the period ended December 31, 2025. The company is a listed player in India\u2019s gems and jewellery retail sector. Quarterly Financials: For Q3 FY2026, D. P. Abhushan posted total\u2026","rel":"","context":"In &quot;Analysis&quot;","block_context":{"text":"Analysis","link":"https:\/\/alphastreet.com\/india\/category\/stock-analysis\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/DP_Abhushan_Bloomberg_Style_Revenue_PAT_Towers-scaled.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/DP_Abhushan_Bloomberg_Style_Revenue_PAT_Towers-scaled.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/DP_Abhushan_Bloomberg_Style_Revenue_PAT_Towers-scaled.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/DP_Abhushan_Bloomberg_Style_Revenue_PAT_Towers-scaled.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/DP_Abhushan_Bloomberg_Style_Revenue_PAT_Towers-scaled.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/DP_Abhushan_Bloomberg_Style_Revenue_PAT_Towers-scaled.png?resize=1400%2C800&ssl=1 4x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/139878","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1863"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=139878"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/139878\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/139879"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=139878"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=139878"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=139878"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}