Titan Q2 profit declines 39 percent

Mumbai, Oct 30 (IANS) Watches, jewellery and accessories player Titan Company posted a decline of 39 percent in its net profit for the second quarter of 2015-16, at Rs.145.39 crore against Rs.239.88 crore in the similar period last year.

According to the unaudited financial results posted on the Bombay Stock Exchange (BSE), Titan’s total income from operations also declined from Rs.3,593.07 crore to Rs.2,673.48 crore now and and total expenses dropped to Rs.2,494.68 crore from Rs.3,279.88 crore in the same period of last year.

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