Titan Company Ltd.

Titan Industries has reported results for the quarter ended September 30, 2011.

The company has posted a 15.98% increase in net profit for the second quarter ended September 30, 2011, at Rs 148.20 crore compared to Rs 127.77 crore for the same quarter last fiscal. The firm's net sales for the quarter under review increased 36.48% to Rs 2,096.34 crore against Rs 1,535.97 crore in the same quarter last fiscal.

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.