Titan reports a net decline of 14 per cent in 2014-15

Tata Group’s watch and jewellery major Titan Company reported a Rs 706 crores net profit for 2015-16, registering a 14.2 per cent decline from Rs 823 crores in 2014-15. This is a result of weak market conditions. Even on a consolidated basis, net profit declined 15.4 per cent to Rs 690 crores from Rs 816 crores.