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regular-article-logo Thursday, 29 February 2024

Titan Q2 profit jumps 30% to Rs 835 crore

Revenue from sales of products climbed 18.27 per cent to Rs 8,567 crore from Rs 7,243 crore earlier

Our Bureau New Delhi Published 05.11.22, 02:48 AM
Representational image.

Representational image. File photo

Jewellery and watch maker Titan on Friday reported a 30.26 per cent increase in consolidated net profit at Rs 835 crore for the second quarter ended September, helped by strong momentum during the festive sales.

The company had posted a consolidated net profit of Rs 641 crore a year ago. Total income rose 22.2 per cent to Rs 9,224 crore from Rs 7,548 crore in the same period last fiscal.

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Revenue from sales of products climbed 18.27 per cent to Rs 8,567 crore from Rs 7,243 crore earlier.

Total expenses were at Rs 8,082 crore, up 21 per cent from Rs 6,680 crore in Q2 FY22.

Britannia net up 28%

Britannia on Friday reported a 28.47 per cent increase in consolidated net profit at Rs 490.58 crore for the quarter ended September, helped by volume growth.

The company had posted a net profit of Rs 381.84 crore a year ago.

Total revenue from operations climbed 21.40 per cent to Rs 4,379.61 crore from Rs 3,607.37 crore in Q2 FY22.

GAIL profit down 46%

GAIL (India) Ltd on Friday reported a 46 per cent drop in its September quarter net profit as supply disruptions from a former unit of Russian energy giant Gazprom hurt business. Net profit stood at Rs 1,537.07 crore compared with Rs 2,862.95 crore a year ago.

Cipla net rises 12%

Cipla on Friday said its consolidated net profit increased 12 per cent to Rs 797 crore for the second quarter ended September 30 on the back of robust sales across domestic and the US market.

The Mumbai-based drug maker had reported a consolidated net profit of Rs 709 crore a year ago. Total revenue from operations rose to Rs 5,829 crore from Rs 5,520 crore in the year-ago period.

Wockhardt suffers loss

Wockhardt Ltd on Friday reported a consolidated loss after tax of Rs 207 crore in the second quarter ended September, impacted by restructuring of its US business.

The company had posted a consolidated profit after tax of Rs 37 crore in the same quarter last fiscal, Wockhardt Ltd said in a regulatory filing.

Consolidated revenue from operations stood at Rs 679 crore against Rs 862 crore in the year-ago period, it added.

Marico profit dips

FMCG firm Marico on Friday reported a decline of 2.84 per cent in its consolidated net profit at Rs 307 crore for the second quarter ended September, mainly due to losses on translation of foreign currency receivables and higher effective tax rate. The company had posted a net profit of Rs 316 crore a year ago.

Revenue from operations was up 3.18 per cent at Rs 2,496 crore against Rs 2,419 crore in the year-ago period.

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