Titan Company Ltd.

Country's largest watch maker, Titan Industries' sub-brand Fastrack, which started as a pure watches brand is likely to add new product categories such as motorcycle helmets, footwear and apparel to its portfolio. It has planned to design and launch bicycles with youth fashion in the coming years.

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.