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Our Bureau

Bangalore , June 5

Watch maker Titan Industries has posted a 153.47 per cent increase in net profit for the fourth quarter of 2005-06 to Rs 37.21 crore.

A press statement from the company said the board has recommended a dividend of 30 per cent, up from 20 per cent during the previous year. The company's sales for the fourth quarter grew 31 per cent to Rs 434 crore during the same period. For the entire fiscal, net profit rose 195 per cent to Rs 73.62 crore. Sales grew 30 per cent to Rs 1,481 crore during the same period.

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