Titan Company Ltd.

Titan Industries' jewellery brand - Tanishq has introduced a gold exchange offer under which customers can exchange their gold for Tanishq certified jewellery. It is providing discount of up to 20% for buying diamond jewellery worth Rs 2 lakh and above.

Moreover, the company is also offering extra benefits like one additional karat value for buying gold jewellery and two additional karats for buying diamond jewellery. These offers are valid till June 3, 2012.

Titan has reported a very good set of Q4 numbers on the back of aggressive expansion plan, opening stores in more markets. That, plus some price increases in the March quarter, helped the company tide over the volume slowdown in some categories. Titan Industries reported net profit of Rs 144.28 crore for the fourth quarter, up 72.17% from net profit of Rs 83.80 crore in the same period last year, largely owing to the watches segment.