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The maker of watches, jewellery and eyewear posted revenues of Rs 7324 crore for the quarter on a net profit of Rs 419 crore.

Its jewellery business saw sales decline 5.8% to Rs 3,754 crore.

Analysts in an ET NOW poll had projected the profit at Rs 453 crore

The Tata Group firm had reported a net profit of Rs 266.91 crore in the April quarter a year ago.

The company had posted a net profit of Rs 143.51 crore in the corresponding period last year, Titan Industries said.