Titan Company Ltd.

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

The company has posted a rise of 16.88% in its net profit at Rs 182.48 crore for the quarter under review as compared to Rs 156.12 crore for the same quarter in the previous year. Total income has increased by 41.02% at Rs 3145.91 crore for Q1FY14 as compared Rs 2230.86 crore for the corresponding quarter previous year.

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.