Titan Company Ltd.

Titan Industries has reported results for third quarter ended December 31, 2011.

The company has posted a jump of 19.15% in its net profit of Rs 163.91 crore for the quarter ended December 31, 2011 as compared to Rs 137.57 crore for the same quarter in the previous year. Total income has increased by 25.11% from Rs 1970.07 crore for Q3FY11 to Rs 2464.84 crore in the quarter under review.

Titan is India’s largest manufacturer of quartz watches and has a 60% market share in the Indian market. It is world’s sixth largest manufacturer of branded watches. It has a manufacturing and assembly unit at Hosur in Tamil Nadu.