Tata Group company Titan on Tuesday, February 4, reported a 4.9% year-on-year (YoY) decline in its standalone net profit for the third quarter of fiscal 2024-25 (Q3 FY25), ended December, to ₹990 crore. The figure stood at ₹1,040 crore in the same period last year.

However, on a sequential basis, the profit surged 40.42% from ₹705 crore posted in the preceding quarter of FY 25.

The jewellery maker reported a 24% YoY jump in its revenue from the sale of products to ₹16,053 crore in Q3 FY25. Meanwhile, on a sequential basis, the figure witnessed a 31% improvement.

The earnings before interest and tax (EBIT) grew 1.9% YoY to ₹1,506 crore. However, the EBIT margin declined by 203 basis points to 9.3% in Q3 from 11.3% in the year-ago period.