{"id":140863,"date":"2023-02-02T02:59:00","date_gmt":"2023-02-02T07:59:00","guid":{"rendered":"https:\/\/44.250.171.167\/?p=140863"},"modified":"2023-02-10T03:02:00","modified_gmt":"2023-02-10T08:02:00","slug":"titans-net-profit-dropped-by-10-in-december-quarter-of-fy23","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/titans-net-profit-dropped-by-10-in-december-quarter-of-fy23\/","title":{"rendered":"Titan&#8217;s net profit dropped by 10% in December quarter of FY23"},"content":{"rendered":"\n<p>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","protected":false},"excerpt":{"rendered":"<p>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 10% to \u20b911,609 crore [&hellip;]<\/p>\n","protected":false},"author":1863,"featured_media":125269,"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":[392,85],"tags":[11444,9950,9717],"class_list":["post-140863","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","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\/2021\/10\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":139878,"url":"https:\/\/alphastreet.com\/india\/titan-reported-its-q3fy23-results-net-profit-drops-by-10\/","url_meta":{"origin":140863,"position":0},"title":"Titan reported its Q3FY23 results; Net profit drops by 10%","author":"Chirag Gupta","date":"February 2, 2023","format":false,"excerpt":"Tata group'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\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\/02\/49a412a2-5ba6-4eab-adb5-1ac81e5a7cc7.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/49a412a2-5ba6-4eab-adb5-1ac81e5a7cc7.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/49a412a2-5ba6-4eab-adb5-1ac81e5a7cc7.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/49a412a2-5ba6-4eab-adb5-1ac81e5a7cc7.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/49a412a2-5ba6-4eab-adb5-1ac81e5a7cc7.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/49a412a2-5ba6-4eab-adb5-1ac81e5a7cc7.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":140863,"position":1},"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":[]},{"id":140902,"url":"https:\/\/alphastreet.com\/india\/vaibhav-global-net-profit-declined-by-43-in-q3fy23\/","url_meta":{"origin":140863,"position":2},"title":"Vaibhav Global net profit declined by 43% in Q3FY23","author":"Chirag Gupta","date":"January 24, 2023","format":false,"excerpt":"Vaibhav Global reported a consolidated profit-after-tax of INR 39 for the third quarter ended December 2022. The group had reported a profit after tax of INR 69 crore in the year-round period. The net profit witnessed a drop of 43% during the same tenure. Its revenue for the quarter under\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"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":140867,"url":"https:\/\/alphastreet.com\/india\/tvs-motors-net-profit-soars-by-28-in-q3fy23-due-to-the-festive-season\/","url_meta":{"origin":140863,"position":3},"title":"TVS motors net profit soars by 28% in Q3FY23 due to the festive season","author":"Chirag Gupta","date":"January 26, 2023","format":false,"excerpt":"Two and three wheeler major TVS Motor Company clocked a net profit of nearly 304 crore in the third quarter of fiscal 2022-23, up 28% from the 237 crore clocked in the year-ago quarter. Sequentially however, Q3 PAT was down 18.4% compared to Q2 tally of nearly 373 crore. The\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"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":172112,"url":"https:\/\/alphastreet.com\/india\/titan-q2-fy26-earnings-results\/","url_meta":{"origin":140863,"position":4},"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":177869,"url":"https:\/\/alphastreet.com\/india\/aditya-vision-net-profit-climbs-13-as-festive-demand-drives-revenue-growth\/","url_meta":{"origin":140863,"position":5},"title":"Aditya Vision Net Profit Climbs 13% as Festive Demand Drives Revenue Growth","author":"Staff Correspondent","date":"January 27, 2026","format":false,"excerpt":"Aditya Vision Limited (NSE: AVL) announced a 12.8% year-over-year increase in net profit for the third quarter ended December 31, 2025, reaching \u20b927 crore. The performance was underpinned by a 27.6% surge in revenue from operations, driven by strong festive season demand and positive volume pick-up following GST rationalization. Despite\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\/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":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/140863","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=140863"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/140863\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125269"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=140863"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=140863"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=140863"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}