The Hindu Business Line : Titan net climbs 60% on higher sales

Titan Industries posted a 59.64 per cent growth in net profit for the year 2007-08 at Rs 150.27 crore. Sales income grew 42.3 per cent to Rs 3,041 crore.

According to Mr Bhaskar Bhat, Managing Director, Titan Industries, the company has seen all-round growth in all businesses and portfolio, with topline and bottomline growing well in the just ended financial year. He expects a topline of $1 billion this year.

Watch segment sales grew 17.2 per cent to Rs 918.7 crore, while jewellery sales increased 57 per cent to Rs 2,028 crore in the 2007-08 financial year. Sales of other products, including eyewear, accessories and precision engineering components, rose 53.1 per cent to Rs 96 crore.

To pay 80%

During the quarter ended March 31, 2008, sales income grew 27.5 per cent to Rs 835.9 crore. While the watch segment sales grew by 11 per cent, jewellery segment sales went up 36 per cent. Profit before taxes for the quarter stood at Rs 69.99 crore.

The board has recommended a dividend of 80 per cent (previous year 50 per cent).

More Stories on : Gems & Jewellery | Watches & Accessories

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Indiabulls income up at Rs 463.7 cr

Bharti’s Q4 net rises 37% as subscriber base widens

Ambuja Cement net falls 42% on high input cost

BEL logs 41% growth in net

Robust sales drive Cipla Q4 net up 43%

SRF posts Rs 139-cr PAT; to pay 20% final

ABB India Q1 profit up 36%

Siemens net slides to Rs 1.6 cr

Titan net climbs 60% on higher sales

Eastern Silks shifts focus to domestic market

LIC Housing Finance Q4 net up 32% on improved margins

Market slump hits Andhra Bank Q4 net

SBH net dips 6.7% in Q4

United Bank posts 19.5% rise in net profit