BAJAJ BROKING
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.
For All Disclaimers Click Here: https://bit.ly/3Tcsfuc
Share this article:
Gold Price in India | Gold Prices Gain as Dollar and Yields Ease
24 Dec, 2024 | 40 Min. read
Share Market Today | Gift Nifty Hints At Flat Opening; Nifty Likely In 23,600-23,900
24 Dec, 2024 | 4 Min. read
Adani Defence Acquires 85.8% Stake in Air Works for ₹400 Crore
24 Dec, 2024 | 2 Min. read
BEL Secures Orders Worth ₹973 Crore, Achieves 40% of FY25 Target
24 Dec, 2024 | 2 Min. read
TVS Motor Acquires Majority Stake in DriveX with 87.38% Holding
24 Dec, 2024 | 2 Min. read
US FDA Restricts Imports of Viatris Drugs Manufactured at Indian Facility
24 Dec, 2024 | 2 Min. read
What is an Intangible Asset: Meaning & Examples
24 Dec, 2024 | 7 Min. read
NTPC Green Energy Partners with Bihar for Renewable Energy Push
23 Dec, 2024 | 2 Min. read
NHPC to Invest ₹5,500 Crore in Bihar for Solar, Green Hydrogen
23 Dec, 2024 | 2 Min. read
Piramal Enterprises Approves ₹2,000 Crore Fundraising Plan
23 Dec, 2024 | 2 Min. read
NSE to Exclude 16 Securities from F&O Contracts by Feb 28
23 Dec, 2024 | 2 Min. read
Share Market Today | Gift Nifty Hints At A Positive Start For Indian Markets
23 Dec, 2024 | 4 Min. read
RBI Launches ULI: Transforming Loan Access
August 27, 2024 | 4 Min. read
Textile Sector in India
September 20, 2024 | 5 Min. read
List of IPOs with DRHPs Filed
November 30, 2023 | 3 Min. read
Aditya Birla Group
September 28, 2023 | 10 Min. read
Bajaj Housing Finance Ltd IPO: Things Smart Investors Need to Know
September 05, 2024 | 4 Min. read
Budget Stock Ideas 2024-2025 | Stocks to Buy Today
July 24, 2024 | 4 Min. read
IPO Eligibility Criteria : Full Details
March 15, 2024 | 6 Min. read
What Is the Lock-In Period in IPOs?
October 18, 2023 | 6 Min. read
Godfrey Phillips Announces 2:1 Bonus Shares
September 16, 2024 | 7 Min. read
Jindal Group- A Comprehensive Analysis
September 27, 2024 | 7 Min. read
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading