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Monday, October 3, 2022

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Profit Rises On Robust Demand, But Misses Estimates

Titan Co.’s profit rose as demand revived in the first April-June quarter that wasn’t disrupted by the Covid-19 pandemic in three years. Yet, the earnings missed estimates.Net profit of the country’s largest branded jewellery maker rose 54% sequentially to Rs 785 crore in the quarter ended June, according to its exchange filing. That compares with the Rs 907-crore consensus estimate of analysts tracked by Bloomberg.Other Highlights (…

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