Titan Q1 results: Firm reports first-ever quarterly loss of Rs 270 crore amid coronavirus crisis

Homegrown consumer goods company Titan on Monday reported first-ever quarterly loss in over 16 years due to the disruption caused by the COVID-19 pandemic. The watch-to-jewellery maker posted a standalone net loss of Rs 270 crore for the first quarter ended June 30, 2020, against a profit of Rs 371 crore in the year-ago period.
Total income of the Tata group company fell 62 per cent to Rs 1,901 crore as against last year’s income of Rs 4,996 crore due to the complete loss of sales in April, wh…

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