Titan Industries Ltd is India’s largest manufacturer of quartz watches and the world’s sixth largest manufacturer of branded watches. Incorporated in 1984, Titan Company is a large cap company with a market cap of Rs 72465.55 crore.
For the quarter ended 31-12-2019, the company has reported a Consolidated sale of Rs 6454.58 Crore, up 40.30 % from last quarter Sales of Rs 4600.71 Crore and up 10.53 % from last year same quarter Sales of Rs 5839.82 Crore Company has reported net profit after tax of Rs 474.61 Crore in latest quarter.
Apart from Titan, the other brand names include Fastrack, Sonata, Nebula,Titan Raga,Octane, Zoop&Xylys. Titan has acquired licence for marketing & distribution of Tommy Hilfiger and Hugo Boss watches.
In 1995, Titan ventured into jewellery business through their brand Tanishq,under Tanishqthere are multiple brands like Zoya, Aria, Moham, Aleya, Kudan&Polki.
In 2007, Titan Industries got into the fashion accessories industry with the launch of sunglasses. They introduced brand Titan eye+.
Titan Company Limited (Titan) has closed down all its manufacturing units for all businesses across the country from March 23, 2020, due to the global outbreak of Coronavirus.
CRISIL has upgraded its rating on the long-term bank facility of Titan Company Limited (Titan) to ‘CRISIL AAA/Stable’ from ‘CRISIL AA+/Positive’, and reaffirmed the rating on the short-term bank facility and commercial paper programme at ‘CRISIL A1+’.
As on 31-12-2019, the company has a total of 887,786,160 shares outstanding.
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