Titan Company reports 14.7 percent decline in Q1 profit

Leading watch maker Titan has reported net profit of Rs151 crores for the first quarter of 2015/16, a 14.7 percent decline from Rs 177 crores in same period, year ago. In a regulatory filing to the Bombay Stock Exchange, the company said its total income for the first under review also declined 6.6 percent to Rs 2,724 crores from Rs 2,917 crores in the same period year ago.