Healthy retail growth in jewellery and watches has pushed up Titan Industries' year-on-year net profits by 76.4 per cent. PAT for the quarter ending June 30, 2011 was at Rs 143.36 crore (Rs 81.28 crore). Net sales grew by 62.1 per cent at Rs 2020. 51 crore (Rs 1252.76 crore).
A company press release said the biggest contributor to growth has been the jewellery business with Rs 1,633.74 crore up by 71.9 per cent from corresponding period last year. The watches segment contributed Rs 313 crore to the overall turnover, recording a growth of 23.2 per cent over last year. The company's other business eyewear and precision engineering grew by 44 per cent to Rs 77.45 crore.