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Titan net dips 14.7 percent in Q1

Published

9 years ago

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Bengaluru: Leading watch maker Titan Company Ltd Friday reported net profit of Rs.151 crore for first quarter of 2015-16, a 14.7 percent decline from Rs.177 crore in same period year ago.

In a regulatory filing to the Bombay Stock Exchange, the city-based company said its total income for Q1 under review also declined 6.6 percent to Rs.2,724 crore from Rs.2,917 crore in like period year ago.

“Sales income dropped largely on account of weak consumer sentiment and absence of golden harvest scheme in jewellery this year,” the company said in a statement here later.

Sequentially, however, net sales was up 8.4 percent from Rs.2,512 crore posted in the last quarter of last fiscal (2014-15).

“Our watches business, however, recorded nine percent growth to Rs.485 crore from Rs.444 crore year ago though sequentially declining five percent from Rs.511 crore,” the statement said.

Similarly, jewellery business dropped 11 percent to Rs.2,072 crore in Q1 from Rs.2,325 crore year ago though up 13 percent sequentially from Rs.1,828 crore last quarter.

“The first quarter was challenging, as retail sales in watches and jewellery segments have been below expectations due to reduced walk-ins,” said managing director Bhaskar Bhat.

May and June, in particular were poor months for the company, while rural demand was affected due to lower realisations and monsoon conditions.

“With good monsoon in sight and festive season ahead, we look forward to a better year ahead,” Bhat added.

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Apple is giving a huge discount on its gadgets: Details inside

Published

3 years ago

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May 5, 2022

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If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

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