Titan net up 18 percent in Q3

Bengaluru, Jan 28 (IANS) Leading watch and jewellery maker Titan Ltd on Thursday reported a net profit of Rs.225 crore for third quarter of 2015-16, registering 18 percent growth over Rs.191 crore in the same period last fiscal.

Net sales for the quarter under review (Q3) grew 17.3 percent to Rs.3,398 crore from Rs.2,898 crore in like period year ago due to pick up in retail sales and festive season.Income from watches grew 8.2 percent to Rs.479 crore while jewellery sales went up 20 percent to Rs.2,819 crore.