India's Titan beats quarterly profit view on high gold prices

Titan

03/11/2025 12:53

Nov 3 (Reuters) - Indian jeweller and watchmaker Titan TITN.NS reported second-quarter profit above estimates on Monday, as a steep rise in gold prices lifted the firm's bottomline.

Titan, home to Tanishq and CaratLane jewellery brands, said profit rose 59% to 11.20 billion rupees ($127.4 million) in the quarter ended September 30.

On average, analysts had estimated a profit of 10.28 billion rupees, per data compiled by LSEG.

($1 = 87.8950 Indian rupees)

 (Reporting by Ananta Agarwal and Anuran Sadhu in Bengaluru; Editing by Janane Venkatraman)

 ((Ananta.agarwal@thomsonreuters.com;))