Shares of Titan were trading 2% above on 3 November after the company announced its quarterly earnings for July-September.

The company reported a 9.7% year-on-year increase in its consolidated net profit at Rs 916 crore during the quarter from Rs 835 crore reported in the year-ago quarter.

The total consolidated revenue of the company saw a whopping 36.7% YoY increase to Rs 12,529 crore during the quarter from Rs 9,163 crore reported in the same quarter of the previous fiscal year. On a sequential basis, the revenue saw a 5.31% quarter-on-quarter increase from Rs 11,897 crore.

The company’s EBITDA (earnings before interest, tax, depreciation and amortisation) saw a 9.8% YoY growth to Rs 1,355 crore. However, the EBITDA margin stood at 11.6% during the quarter from 14.1% recorded in the same quarter last year.

The company’s jewellery business reported a 19.1% YoY growth in its total revenue to Rs 8,575 crore.

The watch business of the company reported a 31.7% YoY growth in total revenue at Rs 1,092 crore.

At 3:30 pm, the shares of Titan closed 2.36% higher at Rs 3,277 on NSE.