Titan Q1 net triples to Rs 13cr

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.