On a consolidated basis, Titan's net profit increased 11.8% to Rs 530 crore on a 17% rise in total income to Rs 7619 crore in Q3 FY21 over Q3 FY20. The Tata Group enterprise reported a onetime exceptional loss of Rs 137 crore on account of scaling down of its subsidiary Favre Leuba AG (FLAG). Consequently, the company has performed an impairment testing of its investment in FLAG and has made a provision of Rs 137 crore towards impairment in the quarter and disclosed under exceptional items. While the company's jewellery business grew by 16% (excluding gold bullion sales) over the...