New Delhi, Nov. 4 -- Titan Co. Ltd reported a profitable September quarter, buoyed by strong festive demand, despite soaring gold prices, underscoring its dominant position in the Indian jewellery market.

The Tata group company's revenue from operations rose 21% year-on-year to Rs.16,407 crore ( Rs.18,837 crore including bullion and digi-gold sales), surpassing the Rs.15,547 crore estimated by analysts surveyed by Bloomberg. Net profit climbed to Rs.1,120 crore against Rs.704 crore a year ago.

"Our jewellery business, in particular, benefitted immensely from this late surge, underscoring the brand strengths and enduring consumer affinity for our brands Tanishq, Mia, Zoya, and CaratLane," said C.K. Venkataraman, the company's managing di...