Titan Industries posts 62% drop in Q3 net

Titan Industries Limited, the watch and jewellery arm of Tata Group, today reported 61.8 per cent drop in its net profit at Rs 11.77 crore for the third quarter ended December 31, 2008 compared to the corresponding quarter last fiscal. Its net sales for the quarter were up 27 per cent to Rs 1,023.8 crore during the quarter.