Titan Company Ltd.

Titan has decided to give a new identity to all 350-odd existing stores in a phased manner over next two to three years. It has re-launched its World of Titan store with a new identity as Titan-A Company Store in Pune. The watch-maker aims to complete revamping of around 50 stores during this fiscal. The entity has done this redesigning for the store in consultation with Singapore-based retail design specialist firm Kingsmen.

Recently, the company has posted a rise of 21.35% in its net profit at Rs 180.14 crore for the quarter ended September 30, 2012 on standalone basis, as compared to Rs 148.45 crore for the same quarter in the previous year. Total income has increased by 8.64% at Rs 2299.80 crore for quarter under review as compared to Rs 2116.85 crore for the quarter ended September 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.