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Jhunjhunwala Stock Posts 23 per cent drop in its Q2 PAT

Titan, owned by Tata Group, announced a year-on-year (YoY) drop of 23.1 per cent in its consolidated net profit for the quarter ending September 2024, which came in at Rs 704 crore.

Manoj Reddy Sama 0 81 Article rating: 5.0

The jewellery segment, which is Titan's largest contributor, posted a 26 per cent YoY growth in revenue, reaching Rs 10,763 crore for the quarter.

Rekha Rakesh Jhunjhunwala loses over Rs 1,200 crore in a single day as shares fall around 8 per cent today!

The company's shares have delivered a multibagger return of around 127 per cent in the past three years.

Rakesh Deshmukh 0 5241 Article rating: 4.1

The company has revised down its EPS projections by 8 percent for FY25 and 2 percent for FY26. After reviewing the performance in 4Q FY24 and considering the near-term margin challenges in the Jewellery sector.

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