Titan sales up strongly in March quarter, up 60%

Titan

Titan

Titan reported that its earnings grew strongly by 60 percent during the March 2021 quarter. This happened due to the low base of the March 2020 quarter.

new Delhi. The Titan company said on Wednesday that its business was strong during the March quarter, as the impact of Kovid on consumer sentiment had begun to decline since January. The company said that during the March 2021 quarter, its earnings grew strongly by 60 percent. This happened due to the low base of the March 2020 quarter. Similarly, in the months of January and February, it increased by 36 percent over the same period of the previous year.

Titan said that the company has achieved strong growth since the beginning of the quarter under review, with the impact of Kovid on consumer sentiment declining. The company said that after the best results so far in the third quarter, it has registered a strong growth in the fourth quarter as well. During this time, the fastest growth was seen in the jewelery section, while the other sections also saw a good improvement.

Also read: GDP can be reduced by up to 2% if a month-long lockdown is imposed

If we talk about Titan shares, the company has given 66 percent return in one year and the share price has increased from Rs 936 to Rs 1558. 47,170,970 shares of Titan are included in Rakesh Jhunjhunwala’s portfolio. While the stock market initially broke badly due to the Corona virus epidemic, there has been a fierce rally in the following months. From Diwali to mid-February this year, the market has broken its record of alltime highs several times. In this boom of the market, many shayars have given excellent returns.




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