(Reuters) -Indian jeweller and watchmaker Titan reported a largely flat third-quarter profit on Tuesday, but still topped estimates as customers looked past high gold prices to splurge on ornaments during the festive season.

Titan, a Tata Group company, reported a 4.9% year-on-year decline in standalone net profit for Q3 of fiscal 2024-25, totaling ₹990 crore, down from ₹1,040 crore in the previous year.

Results: Titan's jewellery business grew by 26.62% in the December quarter despite a slight decline in net profit to Rs 1,047 crore. The company also saw strong performance in its watches and eyecare segments.