Titan Company shares tick 3% higher as Q3 profit jumps 61% YoY
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Titan Company shares rose around 3% to fresh record high of Rs 4,379.95 on BSE on Wednesday morning after the company delivered a strong performance in Q3FY26, supported by robust festive demand and healthy growth across key business segments. The consumer discretionary major reported a 61% year on year rise in consolidated net profit to Rs 1,684 crore, while total income for the quarter increased 40% to Rs 24,592 crore. EBIT, excluding exceptional items, grew 63% YoY to Rs 2,657 crore, with operating margins expanding by 155 basis points to 10.8%, reflecting operating leverage and an improved product mix. The jewellery segment continued to be the primary growth driver, with revenues rising 42% to Rs 22,517 crore. The India jewellery business recorded a 41% increase in income to Rs 21,458 crore, marking one of its strongest quarterly performances outside Covid impacted periods. Growth was led by festive and wedding demand, exchange progra...