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Titan Company Limited (Titan), a joint venture between the Tata Group and the Tamil Nadu Industries Development Corporation (TIDCO), began operations in 1984. Titan ranks as the world’s fifth-largest integrated own-brand watch producer.

Titan has developed lifestyle brands across numerous product categories over the past three decades and has entered underserved areas. In November 2020, Titan opened its first Tanishq store outside of India in Dubai. The company also created a special website just for Dubai to display its offerings.

Leading jewellery and watchmaker Titan on Wednesday reported a 4 per cent drop in its consolidated net profit at Rs 756 crore in the June quarter.

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The company posted a net profit of Rs 790 crore in the April-June period last fiscal.

Total income, however, rose to Rs 11,070 crore in the first quarter (Q1) of the current fiscal as against Rs 9,131 crore in the year-ago period, Titan Company Ltd said in a regulatory filing.

“The year has started well for us with double-digit revenue growth across business segments. The jewellery business remained the star performer with a 19 per cent growth on a year-on-year basis,” Titan Managing Director C K Venkataraman said.

The company is pursuing market share gain across categories and investing in various capabilities and retail network expansion, he added.

“Our international foray is also shaping up well. We remain optimistic about our performance for the rest of the fiscal,” Venkataraman said.

Shares of the company on Wednesday ended 0.75 per cent down at Rs 2,978.45 apiece on the BSE.