Titan hace una provisión de millones de rupias Rs hacia la inversión de IL&FS

BENGALURU: Jewelery And Watchmaking. Titan Reported A 13% Increase In Earnings To Rs 348 Million Rupees In The Quarter Completed In March, Helped By The Strong Sales Of Their Jewels. Revenues Increased Around 20% Up To Rs 4.945 Million Rupees.

The Jewelery Business , Known For Your Tanishq brand, grew 22% in the quarter compared to a year earlier. The segment contributes more than three-fourth of the total topline, with the rest coming from watches, eye wear and other fashion accessories.

Titan said it has set aside its entire investment amount of Rs 145 crore in IL&FS as impairment value. The company had put in that amount in inter-corporate deposit (ICD) which was due for maturity in November and December last year.