Shares of Titan Company Ltd. rose over 3 per cent in early trade on Bombay Stock Exchange (BSE) after net profit for the December quarter rose 15 per cent to Rs 191 crore compared to the same quarter last fiscal.
Driven by healthy revenue growth and margin expansion in the jewellery business. Revenue from jewellery business grew 11 per cent to Rs 2,347 crore during the quarter under review as against Rs 2,111 crore of the same period last fiscal.
The shares of company rose 3.21 per cent to trade at Rs 413.15 a piece on the BSE.
In a similar fashion, shares of the company rose 3.33 per cent to Rs 414 a piece on National Stock Exchange.
Meanwhile, the broader benchmark Sensex was quoting at 29,654.31, up 83.27 points or 0.28 per cent at 11.19 hours.