The net profit of Titan Industries, the Tata group watches and jewellery company, tripled in the first quarter of FY08 to Rs 12.64 crore.The Bangalore-based company's turnover increased 48% to Rs 666.59 crore, and profit before tax increased nearly five times to Rs 25.36 crore.The company's watches segment grew by about 15% with a turnover of Rs 170.92 crore. The jewellery segment contributed Rs 472.85 crore to the total turnover - a growth of 42% over the first quarter of last fiscal.
