Titan Company Q2 Results Live : Titan Company declared its Q2 results on 05 Nov, 2024, reporting a 16% increase in topline revenue year-over-year, despite a significant profit decline of 23.06%. Compared to the previous quarter, revenue showed a growth of 9.56%, while profit decreased by 1.54%.

Shares of Titan Company dropped over 3% on Wednesday after the company’s second-quarter earnings report fell short of expectations. Despite a 26% rise in total income to Rs 13,660 crore, Titan’s net profit slumped 23% to Rs 704 crore, missing the street’s forecast.

India's Titan reported a 23% fall in second-quarter profit on Tuesday, as a cut in customs duty on gold imports led to inventory losses and shrank margins. The Tata group company posted a consolidated profit after tax of 7.

Leading jewellery and watchmaker Titan on Tuesday reported a 23 per cent decline in its consolidated net profit to Rs 704 crore for the second quarter ended on September 2024. The company posted a net profit of Rs 916 crore in the July-September quarter a year ago,

Union Finance Minister Nirmala Sitharaman proposed a decrease in Customs duty on gold from 15% to 6% in the Union Budget 2024.