Titan Industries today posted a 15.98% increase in net profit for the second quarter ended September 30, 2011, to Rs 148.20 crore compared to the same quarter last fiscal.
During the three months ended September 30, 2010, the company's net profit stood at Rs 127.77 crore, it said in a filing to the Bombay Stock Exchange (BSE).
The firm's net sales for the quarter ended September 30, increased 36.48% to Rs 2,096.34 crore against Rs 1,535.97 crore in the same quarter last fiscal.
The company's scrip closed at Rs 225.65, up 2.73% from the previous close on the BSE.