Titan Industries Ltd. has achieved a pre-tax profit of Rs.11.59 crore for the second quarter of the financial year 2000-2001, which is almost a 6 per cent improvement over the profit recorded in the second quarter of 1999-2000 of Rs.10.99 crore.
The sales turnover is up from Rs.154.03 crore in the previous year to Rs.173.31 crore, which is an increase of 12.5 per cent.
Following its successful performance in the first quarter, the jewellery division made a profit in the second quarter as well. The turnover recorded an increase of 55 per cent over the previous year.
The results of the second quarter for the watch division reflects the increased emphasis on an improved product-mix. Watch volumes rose by 29 per cent from 1.19 million in the first quarter to 1.54 million in the second.
Turnover rose by 53 per cent from Rs.73.32 crore to Rs.112 crore, which is inclusive of after sales service and other items. The cumulative income of the watch division at the half year mark is about Rs.200 crore, which is an increase of 5.25 per cent over the same period last year.