Titan Industries Q2 net slips 12%

Titan IndustriesWatch and jewellery manufacturer Titan Industries has posted a net profit of Rs 77.60 crore for the quarter ended September 30, 2009, down 12%, as compared to Rs 87.82 crore for the quarter ended September 30, 2008.

Total Income has increased from Rs 1089.92 crore for the quarter ended September 30, 2008 to Rs 1149.97 crore for the quarter ended September 30, 2009.

Titan Industries Limited, together with its subsidiaries, engages in the manufacture and retail sales of watches and clocks, and jewelry in India, the United States, and several other countries across the world.

The stock of the Tata Group Company closed today at Rs. 1361.10, up by Rs. 34.85 or 2.63%. The stock hit an intraday high of Rs 1375 and low of Rs 1343.