After the release of its Q1 earnings, the itan Company Price fell more than 4% in early trading on Monday. The Q1 Results were released after market hours on Friday.
Titan’s share price on the NSE on Monday dropped to ₹3316 levels after opening at ₹3320.05, 4.1% less than its previous close of ₹3,462.35.
Tiran recorded a standalone net profit of ₹770 crore, which was only 1% lower than the same time previous year. In the first quarter, revenue from operations increased by nearly 9% to Rs11,263 crore.
Increased gold prices stopped demand in its primary jewellery sector, resulting in reduced net profit growth for Titan Company.
As of 10:24 am, Titan Shares were trading 0.45% lower at ₹3,446.70 on the NSE.
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