Tata Steel Q3 update: Crude steel production stood at 5.32 million tons, up 6%

livemint.com:

Titan Q3 update: Tata Group’s jewellery and watch company records 22% revenue growth, sales grow by 21% The company reported record deliveries of 4.88 million tonnes, marking its best-ever sales for the third quarter. The growth, both quarter-on-quarter (QoQ) and year-on-year (YoY), was predominantly fueled by an uptick in domestic deliveries, showing a 3 percent increase QoQ and a notable 10 percent surge YoY, reflecting the sustained robust demand for steel in the Indian market, according to the company's statement.

Notably, for the first nine months of the fiscal year 2024, Tata Steel India achieved its highest-ever deliveries, registering a significant 6 percent YoY increase. Also read: Marico Q3 Update: Domestic volumes see low single-digit growth amid weak rural demand; details here The 'Automotive & Special Products' segment of the company witnessed a notable uptick, with deliveries increasing by approximately 8 percent quarter-over-quarter and 22 percent year-over-year.

This quarterly surge was propelled by the achievement of record-breaking sales in the third quarter, overcoming a slight dip in vehicle production. Additionally, Tata Steel attained the prestigious "GreenPro Ecolabel" certification for its automotive flat steel products.

The 'Branded Products & Retail' segment maintained overall stability in its quarterly deliveries, with a noticeable 11 percent year-on-year increase attributed to heightened sales of well-established brands such as Tata Tiscon, Tata Steelium, and Tata Astrum. Specifically, Tata Tiscon witnessed a commendable volume growth of 10 percent quarter-on-quarter and an impressive 18 percent year-on-year during the quarter.