Titan’s Profit Takes a Hit Due to High Gold Prices
Titan’s Profit: Titan, India’s leading jeweler and watchmaker, reported a 1% drop in standalone net profit to Rs 770 crore for the April-June quarter. This decline was mainly due to higher gold prices, which dampened consumer demand. However, the company’s revenue from operations saw a 9% increase to Rs 11,263 crore, compared to the same … Read more