Titan Company Ltd.

Titan Industries has reported results for the second quarter ended September 30, 2013.

The company has reported 3.60% rise in its net profit after tax at Rs 186.65 crore for the quarter as compared to Rs 180.17 crore for the same quarter in the previous year. Total income of the company has increased by 2.59% at Rs 2359.35 crore for quarter under review as compared to Rs  2299.83 crore for the quarter ended September 30, 2012.

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.