($1 = 82.1280 Indian rupees) (Reporting by Nandan Mandayam in Bengaluru; Editing by Savio D'Souza)
BENGALURU, Feb 2 (Reuters) - Tata Group-owned Titan Co
Ltd reported a 3.7% fall in third-quarter profit on
Thursday as tepid demand for jewellery and higher expenses hurt
margins.
Titan, which sells watches, eyewear and owns the Tanishq
jewellery brand, said its profit fell to 9.51 billion rupees
($115.8 million) in the three months ended Dec. 31, from 9.87
billion rupees a year earlier.
Analysts, on average, were expecting Titan's profit to rise
to 10.35 billion rupees, according to Refinitiv IBES data.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.