Titan Industries Q3 profit up 24 percent at Rs 203.7 cr

Tata group firm Titan Industries has reported 24.29 percent

increase in its standalone profit after tax for the quarter ended December 31, 2012, at Rs 203.73 crores. The company had posted a profit after tax of Rs 163.91 crores in the corresponding period previous year, Titan Industries said in a filing to the BSE.

The standalone net income during the third quarter also went up by 23.68 percent to Rs 3,017.80 crores from Rs 2,440.10 crores in the year-ago period, it added. Commenting on the numbers, Titan Industries Managing Director Bhaskar Bhat said, “The third quarter has been a good one for the company and overall sales trend is encouraging. Consumer sentiment is turning positive with the stock markets picking up. There has been an increase in footfalls and the festive season in this quarter was a good one for all the brands,” he added.