Tanishq sales expected to rise by 38%

Titan Industries, with its jewellery arm Tanishq and its watch division, namely World of Titan, expects a total net profit increase over 60 percent in the first quarter. Tanishq, its jewellery arm, is gearing for a 38 percent rise in its sales or 65% Y-o-Y. Its sales is expected to rise upto Rs.8.23 billion ($204 mn). Tanishq expects its net profit to be Rs.492 million ($12.2 mn), according to Reuters. Titan, operates World of Titan retail stores for its watch division, including its premium brand, Titan, and economy brand Sonata and the Hugo Boss range. It expects a Y-o-Y sales growth of 21 percent.