Titan, a joint venture between salt-to-software conglomerate Tata Group and Tamilnadu Industrial Development Corp, said its profit rose 9.4% to 10.40 billion rupees ($125.33 million) in the three months ended Dec. 31, according to an exchange filing.

Analysts were expecting profit to rise to 10.94 billion rupees, according to LSEG data.

($1 = 82.9795 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru; Editing by Sohini Goswami)