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Titan appoints Ashok Sonthalia as CFO, Swadesh Behera as chief people officer

Board of Titan Company appoints CFO

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.

Titan Company announces CFO succession planning

Titan Company after market hours on Friday announced that S. Subramaniam, the current chief financial officer, will retire from the services effective from 30 June 2021 on attaining the age of superannuation. The company announced that, the Board of Directors has approved, on the basis of the recommendation made by the nomination and remuneration committee, Ashok Kumar Sonthalia as the new chief financial officer from 1 July 2021. Titan said Sonthalia will be joining the company on 1 February 2021 and shall act as the chief financial officer designate until the time his appointment as CFO becomes effective from 1 July 2021, thereby providing adequate time for a smooth transition. Sonthalia is a Chartered Accountant with around 30 years of experience in areas of strategic financial planning, business development, M&A, treasury, finance & accounts in diverse industry verticals in multi-cultural and multi-national environments. Sonthalia s last stint was with Larsen & Toubro Infotech,

Stocks in news: Titan, Airtel, ICICI Bank, SJVN, Tata Motors, Cipla

Stocks to watch today on February 1: Titan, Airtel, ICICI Bank, SJVN, Tata Motors, Cipla among others are the top stocks to watch out for in Monday s trading session