Titan Industries achieved significant growth during the year ended 2007-08, with sales income at Rs 3041crore growing by 42.3% from the previous year sales income of Rs. 2136 crore. Also, Profit Before Taxes grew by 53.7% to Rs. 202.30 crore from Rs.131.65 crore during the same period in the previous year.

Net profit for the year stood at Rs. 150.27 crore as compared to Rs. 94.13 crore in the previous year. Watch segment sales grew by 17.2 % to Rs. 918.7 crore, while Jewellery sales went up by 57% to Rs.2028 crore. Sales of other products, including Eyewear, Accessories and Precision Engineering components, rose by 53.1% to Rs. 96 crore.

During the quarter ended 31 March 2008, sales income grew by 27.5% from Rs. 606 crore during the previous year to Rs. 835.9 crore. While the Watch segment sales grew by 11%, Jewellery segment sales went up by 36% as compared to the previous year. Profit Before Taxes for the quarter stood at Rs. 69.99 crore.

All brands of the Company have performed well and new introductions in both watches and jewellery, viz., the Octane series in gents watches, the Raga Crystal for ladies and the Jodha-Akbar collection in Tanishq jewellery have had very good responses, which augur well for the future. The new eyewear business now has 10 stores and initial response from customers has been encouraging. Gold Plus – mass market brand for jewellery crossed the 200 crore sales during the year.

Considering the strong performance of the Company, the Directors have recommended a dividend of 80 % ( Previous year : 50%).

Sourced From: Vaishnavi Corporate Communications Pvt Ltd

Tags: calls, daytrading, free calls, intraday, tips

Similar Posts:

• Adhunik Metaliks crosses Rs 1000cr turnover in 07-08
• Titan to open 300 outlets in three years
• IndusInd Bank’s net profit of Rs 25.04cr for Q3FY08
• Supreme Industries Q2 net sales at Rs 288cr
• Blue Star total income grows 41% to Rs 2270cr in FY08