Titan Company Ltd has posted 14.78 per cent lower profit at Rs 151.06 crore for first quarter (Q1) of financial year 2015-16 compared with Rs 177.27 crore in the same period last year.
The net profit was down due to extremely weak consumer sentiment and absence of the golden harvest scheme,
Total income of the company has also decreased by 6.6 per cent to Rs 2,724.13 crore during the first quarter ended June 30, 2015 against Rs 2,916.84 crore for the quarter ended June 30, 2014.