This Tata company posted a very good set of results for the third quarter ended 31^st Dec 2009. Infact the numbers were so good, it took everyone by complete surprise. The recovery in the sentiments, the marriage seasons and the festivals, all together gave the topline and bottomline of the company a tremendous boost.

YoY, net revenue rose 30.25% while net profit showed a jump of over 6 times. QoQ, the topline grew 16.30% but net profit was down 2.8%.

Jewellery income in Q3 was up 34% over last year's income. The watches business recorded a growth of 25%. Its other businesses declined by 6.8% due to the postponement / cancellation of orders from overseas customers in the Precision Engineering Division. The new Eyewear business has grown its retail presence through Titan Eye+ stores to over 40 towns. It closed Q3 with 5 18 stores nationally, with a total retail area of 6.6 lakh sq.ft. in  143 towns.

FY10 will surely end on a very high note. For the 9 months period ended 31^st Dec 2009, it has already notched up a net revenue of Rs.3363.61 crore. On an average, revenue for Q4 is expected to at least Rs.1000 crore and this means, it could end FY10 with a net revenue of around Rs.4200 crore v/s Rs.3804.28 crore posted for FY09. Net profit has already crossed FY09 net profit of Rs.159.96 crore at Rs.199.07 crore. Even if we assume a net of Rs.70 crore for Q4, it could end FY10 with a net profit of Rs.269.07 crore.