Titan FY06 net up 3-fold
The Economic Times — June 9, 2006

Leading watch and jewellery maker Titan has seen its net profit soar by nearly three times to Rs 73.62 crore in FY'06 from Rs 24.95 crore in the previous year. The company's sales turnover registered a 30% jump to Rs 1481 crore from Rs 1135 crore. The watch segment reported 14.8% growth to a sales income of Rs 65 5 crore, while jewellery sales went up by 48% to Rs791 owe. Sales of other products, including accessories and precision engineering components, increased by 17.8% to Rs 37 crore. "According" to the company statement, its brand building advenising investments crossed Rs 100 crore during the year. During the March quarter of FY'06, sales rose by 31 % to Rs 434 crore from Rs 331 crore in corresponding period of the previous fiscal.