Shares of Titan fell almost 3% on Monday following a 5.42% drop in its consolidated net profit to Rs 715 crore for Q1 2024, compared to Rs 756 crore a year ago. The stock ended at Rs 3,374.20 on the BSE, and declined by 2.35% to Rs 3,380.85 on the NSE. Despite a 12.64% rise in sales to Rs 12,223 crore, total expenses increased by 12.75% to Rs 12,413 crore. Titan’s jewellery revenue grew by 10.4% to Rs 11,808 crore. The profit decline may impact investor sentiment, affecting the stock’s performance.
Titan Shares Drop Nearly 3% After Profit Decline
