Titan Company Ltd.

Titan Industries has reported results for its first quarter ended June 30, 2011.

The company’s net profit for the quarter has surged by 76.38% at Rs 143.36 crore as compared to Rs 81.28 crore for the same quarter last year. Its total income increased by 62.08% to Rs 2043.62 crore for the quarter under review from Rs 1260.85 crore for the corresponding quarter of the previous year.

Today 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.