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9 % Growth in Q1 net for Titan Clocks

The watch and jewelry major Titan Industries had posted a 9 per cent growth on its new profit for this current fiscal. This is amidst the weak consumer sentiment. According to the company’s managing director, the performance of the company is quite disappointing. Maybe the company is expecting more than this 9 per cent increase.

Titan Logo

Titan

But, it should not be something that the company should be sad about since there are a lot of factors that hinders a company from getting greater sales these days with high inflation, weak rupee and poor monsoon.

All these factors can greatly affect the performance of a company in the market. When it comes to number, the company is able to have an increase in the jewelry division revenue at 7.8 per cent while their watch division also had an increase of 14.4 per cent. The only problem is that the company’s shares fell 4.2 per cent.

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