Titan Company Ltd.

Titan Industries has reported results for first quarter ended June 30, 2012.

On standalone basis, the company has posted a rise of 8.76% in its net profit at Rs 156.09 crore for the quarter ended June 30, 2012, as compared to Rs 143.51 crore for the same quarter in the previous year. Total income of the company has increased by 9.15% to Rs 2230.83 crore for the quarter under review as compared to Rs 2043.83 crore for the quarter ended June 30, 2011.

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 & assembly unit at Hosur in Tamil Nadu.