Titan Company said a decline in standalone net profit for the quarter ended June 2014. During the quarter, the profit of the company declined 2.86% to Rs 1,772.70 million from Rs 1,824.80 million in the same quarter last year.
Net sales for the quarter declined 6.96% to Rs 28,914.40 million, compared with Rs 31,076.70 million for the prior year period.
Earnings per share for the quarter stood at Rs 2.00, registering 2.91% decline over previous year period.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Jun - 14 | Jun - 13 | %Change |
| Net Sales | 28,914.40 | 31,076.70 | (6.96) |
| Net Profit | 1,772.70 | 1,824.80 | (2.86) |
| Basic EPS | 2.00 | 2.06 | (2.91) |
Shares of the company declined Rs 14.9, or 4.37%, to settle at Rs 326.15. The total volume of shares traded was 261,214 at the BSE (Friday).
