Jewellery retailing arm boosts Titan Q4 net

Titan Industries reported a 71 per cent increase in net profit to Rs 144 crore for the quarter ended March 31, as compared to the year-ago quarter. Topline surged by 28 per cent to Rs 2,281 crore. It posted a robust growth in profits due to stellar performance by the jewellery retailing arm, which contributes about 80 per cent to the topline. The directors recommended a dividend of 175 per cent.