Titan Industries announced its first quarter numbers claiming strong retail performance.
The company has tracked strong retail growth across all its brands and retail chains.
Currently, the company has 568 retail outlets operating for watches, jewellery and
Titan posted a net profit of Rs 813 million from Rs 460.4 million in the same period a
year ago. Net sales grew 42 per cent at Rs12.53 billion.
The reasons behind the surging growth are due to good wedding season in the first
quarter. Further Asian markets are growing their business overseas, which is adding to
the revenues and profits.