Net profits increase by 11% for Titan

For Titan , the company which retails watches, jewellery, and other lifestyle products, net profits during the fiscal 2009, ending 31 March 2009, increased by 11 percent to $32.9 million, while its net sales spurred up by 28 percent to $770.9 million. The sale of jewellery, under its brand Tanishq increased by 36 percent to $555.8 million, resulting in profits before interest and taxes to spur by 51 percent and amounting to $33.1 million.

The company’s watch segment sales were higher by 3 percent to $183.2 million. The company had opened 135 new retail outfits for its watch, jewellery and eyewear businesses, during the said year.