Titan Industries, a manufacturer of watches, jewellery and sunglasses, witnessed a fall in share price on Friday after it reported a sharp drop in standalone net profit for the quarter ended June 2015. During the quarter, the profit of the company declined 14.79% to Rs 1,510.60 million from Rs 1,772.70 million  in the same quarter last year.

Revenues for the quarter declined 6.32% to Rs 27,085.90 million, compared with Rs 28,914.40 million for the prior year period.

Shares of Titan Company are trading at Rs 323.25, down Rs 16.4, or 4.83% at the Bombay Stock Exchange (BSE) on Friday at 3:08 p.m. The scrip has touched an intra-day high of Rs 342.50 and low of Rs 320.80.

Total volume of shares traded on the bourses today was lower by 30.56% to 3,733,004 compared with 22-day average volume of 5,376,032.