Tata-owned Titan misses Q3 profit estimates on surging gold prices
Thursday, 1 February 2024
Titan Company's Q3 profit of 10.40 billion rupees ($125.33 million) fell short of estimates due to rising costs of bullion. Total expenses increased by 22% to 11.85 billion rupees, with the cost of materials consumed rising 36% due to higher gold prices.
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