Titan Q2 net profit up 16% at Rs 148.2 cr

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Titan Q2 net profit up 16% at Rs 148.2 cr

Watch manufacturer Titan Industries has reported a rise of 16% year-on-year in net profit of Rs 148.2 crore for the second quarter of financial year 2011-12 as against Rs 127.8 crore in the corresponding quarter of last fiscal.

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Watch manufacturer Titan Industries has reported a rise of 16% year-on-year in net profit of Rs 148.2 crore for the second quarter of financial year 2011-12 as against Rs 127.8 crore in the corresponding quarter of last fiscal. Profit was below expectations; CNBC-TV18 poll saw net profit at Rs 161 crore.

Net sales shot up 36.5% to Rs 2,096.3 crore in the July-September quarter of FY12 as against Rs 1,536 crore in same quarter the previous year, which was in-line with estimates. CNBC-TV18 had expected sales at Rs 2,093 crore.