For Titan, it was an operationally strong quarter. The Tata Group firm reported 70.86% jump in consolidated net profit at Rs 304.41 crore for the fourth quarter ended March 31.

The company had reported a net profit of Rs 178.16 crore in the same quarter of 2016-17.

Titan's total income stood at Rs 4,125.69 crore during the quarter under review. It was Rs 3,692.82 crore in the year-ago period.

Management guided for 25 percent growth in jewellery sales in financial year 2019.

S Subramaniam, CFO of the company said that it has been a phenomenal year for the company. "We have outdone internal targets," he said.

He further said that jewellery business has outperformed on revenue and gross margin.

"We are targeting a 20-25 percent growth in jewellery business in FY19", said Subramaniam.

“We cater to more than 15 million customers in watches, about a couple of million in eye wear business and a couple of million in the jewellery business. So about 20 million,” he added.

First Published:May 11, 2018 12:01 PM IST