INDIA'S TITAN BEATS Q3 PROFIT ESTIMATES ON FESTIVE GOLD DEMAND

(Reuters) - Indian jeweller and watchmaker Titan topped third-quarter profit estimates on Tuesday, as customers splurged on ornaments during the festive season.

The company reported a profit of 10.47 billion rupees ($120.23 million) in the quarter ended Dec. 31, marginally lower from a year ago.

Analysts, on average, had expected a profit of 9.86 billion rupees, according to data compiled by LSEG.

($1 = 87.0800 Indian rupees)

(Reporting by Praveen Paramasivam in Chennai; Editing by Varun H K)

2025-02-04T12:11:01Z