Home / Knowledge / News / Fashion / Titan Watch & Jewellery segment sales go up

Titan Watch & Jewellery segment sales go up

Apr '08
Titan Industries achieved significant growth during the year ended 2007-08, with sales income at Rs3,041crore growing by 42.3 per cent from the previous year sales income of Rs2,136 crore.

Also, profit before taxes grew by 53.7 per cent to Rs202.30 crore from Rs131.65 crore during the same period in the previous year.

Net profit for the year stood at Rs150.27 crore as compared to Rs94.13 crore in the previous year.

Watch segment sales grew by 17.2 per cent to Rs 918.7 crore, while jewellery sales went up by 57 per cent to Rs2,028 crore. Sales of other products, including eyewear, accessories and precision engineering components, rose by 53.1 per cent to Rs 96 crore.

During the quarter ended March 31, 2008, sales income grew by 27.5 per cent from Rs606 crore during the previous year to Rs835.9 crore.

While the watch segment sales grew by 11 per cent, jewellery segment sales went up by 36 per cent as compared to the previous year. Profit before taxes for the quarter stood at Rs69.99 crore.

All brands of the company have performed well and new introductions in both watches and jewellery, viz, the Octane series in gents watches, the Raga Crystal for ladies and the Jodha-Akbar collection in Tanishq jewellery have had very good responses, which augur well for the future.

The new eyewear business now has 10 stores and initial response from customers has been encouraging. Gold Plus — mass market brand for jewellery crossed the 200 crore sales during the year.

Considering the strong performance of the company, the directors have recommended a dividend of 80 percent (previous year: 50 per cent).

Titan Industries

Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 4th Aug 2020

EVFTA fabric origin rule a challenge for Vietnamese firms

Despite the European Union (EU)-Vietnam Free Trade Agreement (EVFTA), ...

Pic: Tailored Brands

Retail | On 4th Aug 2020

Tailored Brands files voluntary bankruptcy petitions

US retail holding firm Tailored Brands and certain of its...

Pic: Chico's FAS

Apparel/Garments | On 4th Aug 2020

Chico's FAS Canada files for bankruptcy, to close stores

Chico's FAS Canada, a subsidiary of US women's clothing and...

Interviews View All

Amrit Sethia, SOIE

Amrit Sethia

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Dinaz Madhukar, DLF Emporio and DLF Promenade

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Deepak Jain, Baggout

Deepak Jain

We are using Facebook and Instagram to promote ourselves

Verena Ruckh,

Verena Ruckh

Brückner Trockentechnik develops, manufactures and supplies textile...

Luciano Sardini,

Luciano Sardini

A consolidated reality in Italy and internationally, IMA Spa is well-known ...

Umang Banthia,

Umang Banthia

Established in 2005, SL Banthia Textiles manufactures coated fabrics....

S Ziya Gumuser, Teknomelt

S Ziya Gumuser

Turkish nonwoven manufacturer Teknomelt has been around for only seven...

Paige Mullis, Glen Raven Inc

Paige Mullis
Glen Raven Inc

Paige Mullis discusses the expansion plans of Glen Raven Inc in India, and ...

Alfonso Marra, Klopman

Alfonso Marra

It was in 1968 that Klopman introduced the concept of poly/cotton workwear ...

Anjali Bhaskar, Samatvam

Anjali Bhaskar

Anjali Bhaskar has an experience of 12 years in the fashion industry. She...

Aditi Somani, Aditi Somani

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Adriano Goldschmied, AG Jeans

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

July 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Advanced Search