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Titan Q3 results: Net profit declines 11% to Rs 419 cr, revenue up 18%


Titan Q3 results: Net profit declines 11% to Rs 419 cr, revenue up 18%
The company s total income rose 18 per cent to Rs 7,324 crore during December quarter, while EBITDA rose 19 per cent to Rs 896 crore.
BusinessToday.In | February 10, 2021 | Updated 20:22 IST
Titan s revenue from jewellery segment rose 16 per cent to Rs 6,249 crore during the quarter, while that from watches segment declined 12 per cent to Rs 550 crore.
Titan Company Ltd on Wednesday reported 11 per cent year-on-year decline in net profit at Rs 419 crore for October-December quarter, hit by a one-time provision.
The company s total income rose 18 per cent to Rs 7,324 crore during December quarter, while earnings before interest, tax, depreciation and amortisation (EBITDA) rose 19 per cent to Rs 896 crore. ....

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Myntra to change logo after woman files complaint against it for being 'offensive'


Myntra to change logo after woman files complaint against it for being offensive
Myntra logo controversy: A Mumbai-based activist Naaz Patel sought the removal of logo by the Flipkart-backed e-commerce giant and appropriate action against the company
BusinessToday.In | January 30, 2021 | Updated 13:26 IST
Myntra has already issued printing orders for packaging material with the new logo (Image: Google)
The e-commerce giant Myntra has decided to change its logo after a Mumbai-based woman activist lodged a complaint with the state cyber police alleging it to be insulting and offensive towards women.
A Mumbai-based activist Naaz Patel who is associated with the Avesta Foundation NGO lodged the complaint in December 2020. Patel sought the removal of logo by the Flipkart-backed e-commerce giant and appropriate action against the company. She also took up this matter across various forums and platforms on social media. ....

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