Titan reports 36% increse in revenues for Q2

Titan Industries Ltd. announced its financial results for the second quarter ending September 2007. Revenues scaled up by 36% to Rs.7,255.20 million, compared to $184.2 million of the corresponding quarter last year. Tanishq, which is Titan’s jewellery arm has contributed 66% of total revenues amounting to around Rs.4,788.432 million. Titan reported a rise in net profits by 44% to Rs.463 million, on a year-on-year basis, compared to $11.8 million earned during the same period last year.