Titan Company Ltd.

Titan Industries has reported results for third quarter ended December 31, 2012.

The company has reported 24.29% rise in its net profit at Rs 203.73 crore for the quarter as compared to Rs 163.91 crore for the same quarter in the previous year. Total income of the company has increased by 23.33% at Rs 3039.81 crore for quarter under review as compared to Rs 2464.84 crore for the quarter ended December 31, 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 and assembly unit at Hosur in Tamil Nadu.