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Titan Company Limited (Titan) reported its consolidated Q2 results for FY24-25, showcasing significant growth in revenue despite challenges in profitability. This report provides a detailed breakdown of Titan’s performance across various segments, sector comparisons, and insights from management on future growth.
In Q2 FY24-25, Titan's revenue growth was driven by strong performance in the jewellery and watches segments. Despite the custom duty reduction affecting profitability, the company has managed to maintain substantial revenue growth due to strategic segment expansions and increased consumer engagement.
Metric | Q2 FY25 (₹ Crores) | Q2 FY24 (₹ Crores) | YoY Change |
Total Income | 13,660 | 10,837 | 26.0% |
EBIT | 1,188 | 1,392 | -14.7% |
Profit Before Tax (PBT) | 948 | 1,252 | -24.3% |
Profit After Tax (PAT) | 704 | 916 | -23.1% |
Compared to the sector expectations, Titan's growth remains competitive, particularly within the jewellery and watches segments, where the company has consistently captured market share. Despite headwinds from regulatory changes, Titan’s strategic initiatives have kept its performance aligned with industry benchmarks.
Mr. C.K. Venkataraman, Managing Director of Titan, shared insights on the performance: “Our portfolio approach in this business of straddling diverse customer needs
through the brands of Tanishq, Mia, Zoya and Caratlane is working well. The buyer growth metrics were fairly strong and in good double-digits across gold and studded product categories. The quarter also witnessed analog watches growing 25%+ over last year with commensurate uptick in volumes. Titan brand continues to be Indian consumers proud choice in this segment.
Check out Titan's past performances in previous quarters and financial years.
Titan’s Q2 FY24-25 results highlight the company’s ability to navigate external challenges while achieving solid revenue growth. With plans for further expansion and a diversified portfolio, Titan is well-positioned for continued growth in the jewellery, watches, and emerging segments.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
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