Titan's Shares Surge Amid Robust Profit Growth

Shares of Titan Company rose nearly 5% after announcing a 13% increase in consolidated profit for the March quarter. Despite external challenges, Titan reported substantial annual revenue growth, crossing Rs 50,000-crore. The company showed strong financial performance with increased total income and a minor dip in annual profit.

Shares of Titan Company experienced a significant uptick, climbing nearly 5% on Friday morning following the release of their quarterly financial results. The Tata group firm reported a 13% increase in its consolidated profit after tax for the March quarter. The company's stock surged by 4.95% to Rs 3,530 on the BSE.

Similarly, on the NSE, Titan's stock rose by 4.76% to the same price, making it the top gainer among Sensex and Nifty firms in morning trading. Despite a downturn in the broader equity market, Titan's strong performance stood out as a testament to its robust sales and strategic growth initiatives.

The company's total income for the fourth quarter rose to Rs 14,049 crore, compared to Rs 11,472 crore in the previous year. Although the annual profit after tax slightly declined by 5% to Rs 3,337 crore, the total income for FY25 reached Rs 57,818 crore, marking a 22% revenue growth year-over-year, as reported by Titan's Managing Director, C K Venkataraman.

(With inputs from agencies.)