Titan Company reported a 12.9 per cent rise in standalone net profit at Rs 469.95 crore for the quarter ended December 2019 compared to net profit of Rs 416.23 crore in the same quarter a year ago, due to the festival season in October and November, the company said in a regulatory filing. Sales for the quarter under consideration rose 8.4 per cent to Rs 6,105.96 crore from Rs 5,632.45 crore in the same quarter last year. The jewellery business recorded income growth of 10.6 per cent at Rs 5,409 crores in the third quarter this year compared to Rs 4,890 crore in the same period last year. The income from watches saw a marginal decline at Rs 625 crore in the third quarter on account of poor sales in December. However, the eyewear business grew by 2.9 per cent to Rs 133 crore during the period.
