Tata Group firm Titan on Tuesday, February 4, reported a 4.9% year-on-year (YoY) decline in its standalone internet revenue for the third quarter of fiscal 2024-25 (Q3 FY25), ended December, to ₹990 crore. The determine stood at ₹1,040 crore in the identical interval final yr.
Nonetheless, on a sequential foundation, the revenue surged 40.42% from ₹705 crore posted within the previous quarter of FY 25.
The jewelry maker reported a 24% YoY leap in its income from the sale of merchandise to ₹16,053 crore in Q3 FY25. In the meantime, on a sequential foundation, the determine witnessed a 31% enchancment.
The earnings earlier than curiosity and tax (EBIT) grew 1.9% YoY to ₹1,506 crore. Nonetheless, the EBIT margin declined by 203 foundation factors to 9.3% in Q3 from 11.3% within the year-ago interval.