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Titan Company Ltd

TITAN

Titan Company Ltd

TITAN
Consumer DiscretionaryPrecious Metals, Jewellery & Watches
LargecapWith a market cap of ₹3,03,795 cr, stock is ranked 23
Low RiskStock is 1.70x as volatile as Nifty
3,424.800.41% (+14.05)
3,424.800.41% (+14.05)

Price Chart

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Consumer DiscretionaryPrecious Metals, Jewellery & Watches
LargecapWith a market cap of ₹3,03,795 cr, stock is ranked 23
Low RiskStock is 1.70x as volatile as Nifty

How to use scorecard? Learn more

Consumer DiscretionaryPrecious Metals, Jewellery & Watches
LargecapWith a market cap of ₹3,03,795 cr, stock is ranked 23
Low RiskStock is 1.70x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
93.8532.340.32%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
37.316.650.76%

Forecast & Ratings

Detailed Forecast 
61%
Analysts have suggested that investors can buy this stock

from 31 analysts

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Titan Company Limited is engaged in offering watches, jewelry and others. The Company's segments include Watches, Jewellery, Eyewear.

Investor Presentation

View older 

Feb 4, 2025

PDF
View Older Presentations
PE Ratio
93.14
1Y Return
59.23%
Buy Reco %
100.00
PCJEWELLER
PE Ratio
-13.65
1Y Return
167.75%
Buy Reco %
—
PE Ratio
44.98
1Y Return
26.33%
Buy Reco %
100.00
PE Ratio
49.21
1Y Return
29.41%
Buy Reco %
100.00
ETHOSLTD
PE Ratio
72.10
1Y Return
5.69%
Buy Reco %
100.00
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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Higher than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 20.93%, vs industry avg of 10.23%

Increasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share increased from 8.5% to 13.16%

Higher than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 20.01%, vs industry avg of 8.55%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue11,349.8113,329.5516,208.6319,961.4621,205.0021,830.0029,033.0040,884.0051,618.0058,564.00
Raw Materialssubtract8,372.179,821.1412,664.8315,170.6616,033.0016,292.0026,436.0032,589.0042,103.0052,686.00
Power & Fuel Costsubtract41.2043.8445.3248.5152.0037.0045.0059.0071.00
Employee Costsubtract696.28890.16901.731,019.271,199.001,065.001,349.001,647.001,864.00
Selling & Administrative Expensessubtract849.841,215.321,282.341,459.491,475.001,033.001,704.002,724.003,260.00
Operating & Other expensessubtract381.66237.57-399.7291.26-170.001,498.00-4,022.00-1,323.00-1,506.00
Depreciation/Amortizationsubtract98.19110.53131.43162.84348.00375.00399.00441.00584.00668.00
Interest & Other Itemssubtract42.3637.7452.9252.54166.00203.00218.00300.00619.00902.00
Taxes & Other Itemssubtract193.59261.78399.69552.74601.00354.00731.001,197.001,127.001,071.00
EPS7.608.0112.7315.8216.9110.9624.4836.5639.2836.37
DPS2.202.603.755.004.004.007.5010.0011.0011.00
Payout ratio0.290.320.290.320.240.360.310.270.280.30

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2022

Annual report

PDF

Investor Presentation

May 13PDF
FY 2023

Annual report

PDF

Investor Presentation

May 3PDF
Feb 2PDF
Nov 4PDF
Aug 5PDF
FY 2024

Annual report

PDF

Investor Presentation

Aug 2PDF
Aug 2PDF
Jul 13PDF
FY 2025

Annual Report Pending

Investor Presentation

Feb 4PDF
Nov 5PDF
 

Peers & Comparison

Comparing 3 stocks from 
Consumer DiscretionaryPrecious Metals, Jewellery & Watches

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Titan Company Ltd86.9032.340.32%
Kalyan Jewellers India Ltd93.1413.290.22%
PC Jeweller Ltd-13.652.93—
Senco Gold Ltd44.985.960.19%

Price Comparison

Compare TITAN with any stock or ETF
Compare TITAN with any stock or ETF
TITAN
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding52.90%5.95%5.60%18.11%17.44%

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Shareholding History

SepDec '23MarJunSepDec '2419.05%18.89%19.01%18.20%18.22%18.11%

Mutual Funds Holding Trend

Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has almost stayed constant

Top 5 Mutual Funds holding Titan Company Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
0.2735%2.33%0.22%15/48 (0)
0.2310%2.80%0.39%4/67 (0)
0.1459%1.14%0.21%19/88 (+4)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

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smallcases

A smallcase is a basket of stocks/ETFs that represents an idea or theme.Diversify your risk and buy smallcases that have Titan Company Ltd

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The Great Indian Middle Class

The Great Indian Middle Class

Created by Windmill Capital

TITAN's Wtg.
13.16%
CAGR
5.68%
Bringing the Bling

Bringing the Bling

Created by Windmill Capital

TITAN's Wtg.
17.80%
CAGR
15.59%
House of Tata

House of Tata

Created by Windmill Capital

TITAN's Wtg.
16.00%
CAGR
12.78%

Events

Dividend Trend

No Dividend Cuts

Dividends are the portion of earnings that a company distributes to all its shareholders every year

TITAN has increased or maintained dividend levels over the last 5 years

Dividend Yield

Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 0.32%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹3.22 every year

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateJun 27, 2024

Final
Final | Div/Share: ₹11.00

Dividend/Share

₹11.00

Ex DateEx Date

Jun 27, 2024

Cash Dividend

Ex DateEx DateJul 13, 2023

Final
Final | Div/Share: ₹10.00

Dividend/Share

₹10.00

Ex DateEx Date

Jul 13, 2023

Cash Dividend

Ex DateEx DateJul 8, 2022

Final
Final | Div/Share: ₹7.50

Dividend/Share

₹7.50

Ex DateEx Date

Jul 8, 2022

Cash Dividend

Ex DateEx DateJul 22, 2021

Final
Final | Div/Share: ₹4.00

Dividend/Share

₹4.00

Ex DateEx Date

Jul 22, 2021

Cash Dividend

Ex DateEx DateAug 3, 2020

Final
Final | Div/Share: ₹4.00

Dividend/Share

₹4.00

Ex DateEx Date

Aug 3, 2020

News & Opinions
Live Market Update
Sensex, Nifty trade sideways; European mrkt decline

The key equity benchmarks traded sideways in afternoon trade as the Reserve Bank of India (RBI) began its three-day monetary policy meeting. Investors remain cautious, awaiting a widely anticipated rate cut aimed at boosting growth. With global trade uncertainties in the backdrop, all attention is focused on the RBI's decision, which is set to be announced on Friday. The Nifty traded marginally above the 23,750 mark. Media, metal and oil & gas shares advanced while realty and FMCG stocks declined. At 13:25 IST, the barometer index, the S&P BSE Sensex, declined 140.22 points or 0.18% to 78,440.82. The Nifty 50 index advanced 13.05 points or 0.05% to 23,752.30. The broader market outperformed the headline indices. The S&P BSE Mid-Cap index rose 1.04% and the S&P BSE Small-Cap index added 1.51%. The market breadth was strong. On the BSE, 2,586 shares rose and 1,270 shares fell. A total of 149 shares were unchanged. Economy: In January, the seasonally adjusted HSBC India Services PMI Business Activity Index stood at 56.5, indicating a sharp rate of expansion in business activity compared to the previous month. However, the headline figure declined from 59.3 in December to its lowest level since November 2022. This drop suggests a slowdown in the pace of growth within the sector. India's private sector economy lost some growth momentum in January, as a quicker increase in factory production was more than offset by a softer expansion in service activity. The HSBC India Composite Output Index dropped from 59.2 in December to a 14-month low of 57.7. Despite the decline, the latest figure remained above the long-run series average, indicating that the economy is still experiencing a robust upturn. Pranjul Bhandari, Chief India Economist at HSBC, commented, India's services sector lost growth momentum in January, although the PMI remained well above the 50-breakeven level. The business activity and new business PMI indices eased to their lowest levels since November 2022 and November 2023, respectively. That said, new export business partly countered the downtrend and continued to rebound from a dip in late-2024, in line with official data which showed India's services exports shining in December and capturing a larger share of global trade. Gainers & Losers: Apollo Hospital Enterprises (up 2.91%), Hindalco Industries (up 2.54%), Bharat Electronics (up 2.43%), Bharat Petroleum Corporation (BPCL) (up 2.23%) and ITC Hotels (up 2.14%) were the major Nifty 50 gainers. Asian Paints (down 2.95%), Nestle India (down 2.46%), Titan Company (down 2.44%), ITC (down 1.36%) and Cipla (down 1.14%) were the major Nifty 50 losers. Titan Company slipped 2.44% after the company reported 4.80% decline in standalone net profit to Rs 990 crore in Q3 FY25 as against Rs 1,040 crore posted in Q3 FY24. However, revenue from operations jumped 24.32% year on year (YoY) to Rs 16,053 crore in the quarter ended 31 December 2024. Stocks in Spotlight: Tata Power Company added 1.62% after the company's consolidated net profit rose 8.2% YoY to Rs 1,030.70 crore in the quarter ended 31st December 2024. Net sales increased 5.1% to Rs 15,391.06 crore in Q3 FY25 as compared with Rs 14,651 crore in Q3 FY24. PC Jeweller rallied 4.94% after the company reported consolidated net profit of Rs 147.96 crore in Q3 FY25 compared with net loss of Rs 197.98 crore in Q3 FY24. Revenue from operations surged to Rs 639.45 crore in Q3 FY25 as compared with Rs 40.06 crore in Q3 FY24. Angel One rallied 7.56% after the stockbroker's client base jumped 47.5% to 30.13 million in January 2025 as compared with 20.43 million in January 2024. Force Motors jumped 6.22% after the company's total sales jumped 20.34% to 3,597 units in January 2025 compared with 2,989 units sold in January 2024. Info Edge (India) advanced 3.14% after the company announced that its board has approved 5-for-1 stock split. Global Market: European market declined as investors awaited earnings reports from several key companies including Handelsbanken, TotalEnergies, Akzo Nobel, Credit Agricole, Novo Nordisk, GSK, Vestas Wind and Banco Santander, among others. On the data front, the latest purchasing managers' index data from the euro zone will be released on Wednesday Asian stocks traded mixed on Wednesday after Wall Street rose overnight, shrugging off Trump tariffs and China's retaliatory measures. US President Donald Trump extended the proposed 25% import duties on Canada and Mexico by 30 days but remained firm on China, allowing his 10% tariffs on Chinese goods to take effect on Tuesday. In response, Beijing hit back with a 15% tariff on US coal and liquefied natural gas imports, along with an additional 10% duty on crude oil, agricultural equipment, and automobiles, effective February 10. China's commerce ministry also imposed export controls on rare earths and exotic materials, where the country dominates global supply. The restricted materials include tungsten, tellurium, ruthenium, and molybdenum. The Caixin/S&P Global Services purchasing managers' index (PMI) slipped to 51.0 from 52.2 in December but remained above the 50-mark that separates expansion from contraction on a monthly basis. Despite trade tensions, US markets rebounded on Tuesday, recovering from steep losses on Monday. The S&P 500 climbed 0.7%, the NASDAQ Composite jumped 1.4%, and the Dow Jones Industrial Average edged up 0.3%. However, Alphabet's Class A shares tumbled 7.4% in aftermarket trading after the company's fourth-quarter revenue fell short of expectations, particularly due to weak earnings from its cloud division, which is closely linked to AI.Powered by Capital Market - Live

4 days agoCapital Market - Live
Spotlight
Titan slides as Q3 PAT decline 5% YoY to Rs 990 cr

However, revenue from operations jumped 24.32% year on year (YoY) to Rs 16,053 crore in the quarter ended 31 December 2024. Total income (excluding bullion sale) for the quarter stood at Rs 13,071 crore, registering a growth of 24.2% on YoY basis. Profit before tax in the third quarter of FY24 stood at Rs 1,320 crore, down 1.85% from Rs 1,345 crore recorded in the corresponding quarter previous year. EBITDA rose 2.8% to Rs 1,641 crore in Q3 FY25 as against Rs 1,641 crore posted in Q3 FY24. EBITDA margin reduced by 210 bps to 10.1% in the quarter ended 31 December 2024. EBIT stood at Rs 1,506 crore, up 1.9% YoY while EBIT margin declined by 203 bps to 9.3% posted in Q3 FY25. During the quarter, the company's total income from jewellery business grew by 26% YoY to Rs 14,697 crore in Q3 FY24. The India business grew by 25% in the same period. The festive quarter brought consumer cheer, with secondary sales recording an impressive 28% growth, buoyed by higher gold prices, wedding-related purchases growing by 29%, and healthy same-store sales growth of 22%, respectively, compared to Q3FY24. Gold jewellery and coins continued to be a preferred choice among consumers, together clocking a strong 27% growth over Q3FY24. EBIT stood at Rs 1,398 crore, with a margin of 9.5% for the quarter. Normalizing for the custom duty impact of Rs 253 crore, Q3FY25 EBIT was Rs 1,651 crore, with a margin of 11.2%. During the quarter, Tanishq opened 11 new stores (net), while Mia added 13 stores in the domestic market. The watches & wearables business reported a total income of Rs 1,128 crore for Q3 FY25, reflecting a 15% growth compared to the same period last year. The domestic business saw growth of 14% during this period. The company's analog segment recorded a robust 20% growth over Q3 FY24, primarily led by the Titan brand clocking 18% growth in the same period. Consumer preferences for premium brands were also visible with international brand sales clocking a healthy retail growth of 30% over Q3 FY24. However, the wearables segment declined by 20%, with both average selling prices and volumes declining by 8% and 7%, respectively, compared to Q3 FY24. EBIT came in at Rs 111 crore, clocking a margin of 9.8% for the quarter. 23 stores net were added in Q3 FY25, comprising 12 stores in Titan World, 10 in Helios and 1 in Fastrack, respectively. EyeCare business recorded total income of Rs 194 crore in Q3 FY25, grew 16% over Q3 FY24. International brand sales recorded a strong growth of 56% over Q3 FY24. Within product categories, sunglasses sales outpaced others, growing 35%, while frames and lenses grew in mid-double digits over their respective Q3 FY24 numbers. Business recorded an EBIT of Rs 21 crore, clocking a margin of 10.8% for the quarter. Division closed 3 new stores (net} during the quarter in Titan Eye+. The emerging businesses comprising of Indian dress wear Taneira, fragrances, and fashion accessories (F&FA) recorded a total income of Rs 118 crore for Q3 FY25, growing 5% compared to Q3 FY24. Taneira recorded flattish sales for the quarter. Fragrances recorded a healthy growth of 27% over Q3 FY24, led by 23% growth in SKINN. Within Fashion Accessories, excluding the discontinued belts & wallets segment, women's bags (IRTH & Fastrack) clocked an impressive growth of 25% over the same period last year. The emerging businesses together recorded a loss of Rs 32 crore for the quarter. During the quarter, IRTH opened its first store in Mumbai, followed by a store opening in Chennai. Taneira opened 1 new store in Salem, Tamil Nadu, during the quarter, taking the total store count to 82 stores covering 42 cities. The international jewellery business recorded an income growth of 64% to Rs 569 crore compared to Q3 FY24, largely driven by growth from the North America region and new store expansions. Other businesses comprising primarily of analog watches grew 86% compared to Q3 FY24. During the quarter, 2 new Tanishq stores were opened, one in Dubai and Seattle each. The Jewellery international footprint stands at 20 stores consisting of 18 Tanishq stores and 2 Mia stores. Titan Eye+ international presence stands at 4 stores. Among subsidiaries, Caratlane Trading's total income grew 27% to Rs 1,117 crore compared to Q3 FY24 (excluding bullion and digi-gold sales). Activations and promotions during the festive quarter led to 22% growth in brand searches. EBIT came in at Rs 131 crore for Q3 FY25, clocking a margin of 11.7%. During the quarter, Caratlane added 19 new stores (net) in India, taking the total India store count to 305 stores spread across 128 cities. The brand opened its first international store in New Jersey, USA, in this quarter. Titan Engineering & Automation (TEAL) recorded a total income of Rs 193 crore in Q3 FY25, declining by 4% compared to Q3 FY24. Within divisions, the automation solutions (AS) revenue declined by 14% and the manufacturing services revenue grew 12% in the same period, respectively. EBIT for the quarter came in at Rs 33 crore, clocking a margin of 17%. C K Venkataraman, MD, Titan Company, said, The festive quarter gone by firmly established the FY25 growth trajectory after a muted Q1 and healthy Q2. Jewellery saw its strongest quarter (yet) for the fiscal year, growing well in excess of 25% at a retail level. Consumer preference for gold, both as adornment jewellery and as a store of value continued to remain fairly strong. Our analog watches clocked a healthy retail growth of 20%, reinforcing Titan's customer value proposition in the eyes of the consumer. EyeCare's retail growth returning to double-digits was encouraging. The custom duty related losses on the inventory (held at the time of the duty change) have been fully realized in this quarter and hence the profitability is lower to that extent. We are committed to investing in the growths of all our businesses and specifically the emerging ones to help them scale faster. We remain optimistic on our performance and hope to end the fiscal year with a good growth over FY24. Titan Company, a joint venture between the Tata Group and the Tamilnadu Industrial Development Corporation (TIDCO), commenced its operations in 1987 under the name Titan Watches. In 1994, Titan diversified into Jewellery (Tanishq) and subsequently into EyeCare. Powered by Capital Market - Live

4 days agoCapital Market - Live
Spotlight
Stock Alert: Titan Company, Tilaknagar Industries, Tata Power Company, Lemon Tree Hotels

Earnings Today: Abbott India, Arvind Fashions, Avalon Technologies, CCL Products, CMS Info Systems Ltd, Cummins India, Eveready Industries India, Gallantt Ispat, Gujarat Gas, Innova Captab, Jagran Prakashan, Kansai Nerolac Paints, Medi Assist Healthcare Services, Info Edge (India), Navneet Education, Page Industries, Reliance Power, Skipper, Sula Vineyards, Swiggy, Symphony, Tega Industries, Thangamayil Jewellery, VRL Logistics, Welspun Corp, Zydus LIfesciences will declare their quarterly later today. Stocks to Watch: Titan Company's consolidated net profit fell marginally 0.6% to Rs 1,047 crore in Q3 FY25 as compared with Rs 1053 crore in Q3 FY24. Net sales jumped 25.7% YoY to Rs 17,550 crore during the quarter. Tata Power Company's consolidated net profit rose 8.2% YoY to Rs 1030.70 crore in the quarter ended 31st December 2024. Net sales increased 5.1% to Rs 15,391.06 crore in Q3 FY25. Lemon Tree Hotels reported 76.5% jump in consolidated net profit to Rs 62.49 crore in Q3 FY25 compared with Rs 35.40 crore in Q3 FY24. Net sales increased 22.4% YoY to Rs 355.18 crore in Q3 FY25. PC Jeweller reported consolidated net profit of Rs 147.96 crore in Q3 FY25 as compared with net loss of Rs 197.98 crore in Q3 FY24. Net sales surged to Rs 639.45 crore during the quarter compared with Rs 40.06 crore posted in Q3 FY24. Tilaknagar Industries' consolidated net profit jumped 23.2% to Rs 53.93 crore in Q3 FY25 as compared with Rs 43.77 crore in Q3 FY24. net sales (excluding excise duty) declined 9.6% YoY to Rs 340.43 crore in Q3 FY25.Powered by Capital Market - Live

4 days agoCapital Market - Live
Earnings
Titan Company consolidated net profit declines 0.57% in the December 2024 quarter

Net profit of Titan Company declined 0.57% to Rs 1047.00 crore in the quarter ended December 2024 as against Rs 1053.00 crore during the previous quarter ended December 2023. Sales rose 25.69% to Rs 17550.00 crore in the quarter ended December 2024 as against Rs 13963.00 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales17550.0013963.00 26 OPM %9.5411.21 - PBDT1571.001532.00 3 PBT1396.001378.00 1 NP1047.001053.00 -1 Powered by Capital Market - Live

4 days agoCapital Market - Live
Corporate
Titan Company to hold board meeting

Titan Company will hold a meeting of the Board of Directors of the Company on 4 February 2025.Powered by Capital Market - Live

3 weeks agoCapital Market - Live
Spotlight
Titan edge higher as revenue jumps 24% YoY in Q3 FY25

The firm also launched 69 new outlets during the quarter, taking its total retail network to 3,240 stores. During Q3 FY25, Titan's jewellery business grew about 26% year-on-year, buoyed by strong festive demand. Robust consumer traction during 'Diwali' translated into high single-digit buyer growth along with double-digit ticket size growth. Gold (plain) exhibited particularly strong momentum, growing 24% YoY benefiting from increased gold prices and festive and wedding purchases. Notably, gold coin sales grew 48% YoY, reflecting consumer preference for gold as an investment avenue and customary purchases during the festive occasion of 'Dhanteras'. Studded grew 21% year on year, recording its highest quarterly print till now for the financial year 2025, it added. Tanishq (international) added a new store each in Seattle, USA, and Gold Souk, Dubai. Of the 24 new store additions in India, 11 stores were added in Tanishq and 13 stores were added in Mia. Watches & Wearables domestic business saw 13% growth compared to last year. The analog segment grew by 19%, driven by festive demand and well supported by healthy premiumization trends. The wearables saw a drop of 20% from last year, reflecting the broader market stress in the smart wearables segment and reduced consumer spending in the entry and mid-segment price points. The division added 23 new stores in the quarter, comprising 12 stores in Titan World, 10 in Helios, and 1 in Fastrack, respectively. The EyeCare division's business clocked a healthy growth of 17% YoY, led by retail and e-commerce, both on revenue and buyers. Titan Eye+ closed 3 stores (net) in India during the quarter. In emerging businesses, fragrances grew by 27% year-on-year while fashion accessories declined by 20%. Taneria's growth was flat as compared to last year, and it added one store in the city of Salem during the quarter. The company's Caratlane business jumped 25% YoY, driven by a strong growth of 26% YoY in the studded portfolio. Buyers grew 8% YoY, and L2L growths clocked a healthy growth of 16% YoY. Brand added its first international store in New Jersey, USA, in the quarter. About 19 net new domestic stores were added in this period, expanding the India presence to 305 stores. The Titan brand continues to be Indian consumer's proud choice in this segment. On account of the customs duty-related losses as well as the need to invest in the growth of various businesses, the profitability of Q2 was quite depressed. However, we are quite confident about the competitiveness of each of our businesses, and we remain optimistic about our performance for the rest of the financial year. Titan Company, a joint venture between the Tata Group and the Tamilnadu Industrial Development Corporation (TIDCO), commenced its operations in 1987 under the name Titan Watches. In 1994, Titan diversified into Jewellery (Tanishq) and subsequently into EyeCare.Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Titan Company appoints Head of Integrated Retail Services Group

Titan Company has appointed Naveen Dadlani as the Head of Integrated Retail Services Group designated as Senior Management Personnel. Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Titan Company redeems commercial paper of Rs 500 cr

Titan Company has fully redeemed commercial paper of Rs 500 crore today, 18 November 2024. Powered by Capital Market - Live

2 months agoCapital Market - Live
Spotlight
Titan slides after Q2 PAT decline 25% YoY to Rs 705 cr

However, revenue from operations jumped 23.88% year on year (YoY) to Rs 12,268 crore in the quarter ended 30 September 2024. Total income (excluding bullion sale) for the quarter stood at Rs 12,458 crore, registering a growth of 24.2% on YoY basis. Profit before tax in the second quarter of FY24 stood at Rs 933 crore, down 26.01% from Rs 1,261 crore recorded in the corresponding quarter previous year. EBITDA slipped 14.7% to Rs 1,260 crore in Q2 FY25 as against Rs 1,477 crore posted in Q2 FY24. EBITDA margin reduced by 462 bps to 10.1% in the quarter ended 30 September 2024. EBIT stood at Rs 1,128 crore, down 17.5% YoY while EBIT margin declined by 458 bps to 9.1% posted in Q2 FY24. During the quarter, the company's income from jewellery business grew 26% YoY to Rs 10,763 crore in Q2 FY24. The India business grew 25% in the same period. EBIT at Rs 932 crore came at a margin of 8.7% for the quarter. During the quarter, in India, Tanishq opened 11 new stores (net), Mia added 12 and Zoya added 1 store respectively. Watches & wearables business recorded a total income of Rs 1,301 crore, up 19% compared with Q2 FY24. The domestic business grew 19% in the same period. EBIT came in at Rs 194 crore clocking a margin of 14.9% for the quarter. The company's analog segment reported a strong 26% revenue growth in Q2 FY25 compared to Q2 FY24, driven by the Titan brand, which saw a 32% increase in the same period. Consumer preference for premium brands was evident, with the Helios channel (international brand sales) experiencing a robust 43% retail growth year-on-year. However, the wearables segment saw a 13% decline in revenue compared to Q2 FY24, primarily due to a reduction in average selling prices. Additionally, the company expanded its retail footprint by opening a net total of 34 new stores in Q2 FY25, including 18 in Titan World, 14 in Helios, and 2 in Fastrack. EyeCare business recorded total income of Rs 201 crore in Q2 FY25 grew 7% over Q2FY24. Business recorded an EBIT of Rs 24 crore clocking a margin of 11.9% for the quarter. Frames and Lenses saw healthy growth in volumes. Sunglasses recorded a volume decline due to seasonality. International brand sales recorded a strong growth 53% over Q2FY24. Business increased its promotional activities leading to a double-digit growth in advertising compared to the same period last year. Division added 3 new stores (net) during the quarter in Titan Eye. The Emerging Businesses comprising of Indian Dress Wear (Taneira), Fragrances, Fashion Accessories (F&FA) recorded a total Income of Rs 106 crore for Q2 FY25 growing 14% compared to Q2 FY24. Taneira's sales grew 12% compared to Q2 FY24 mainly driven by growth from new stores. The brand opened 4 new stores during the quarter, taking the total store count to 81 stores covering 41 cities. The F&FA business grew 16% compared to Q2 FY24 (excluding the discontinued belts and wallets sub-segment, comparable growth was 33% in the same period). Within sub-segments, Fragrances (SKINN) grew 19% and Women's Bags (IRTH & Fastrack) grew 76% respectively compared to Q2 FY24. The Emerging Businesses together recorded a loss of Rs 29 crore for the quarter. Among subsidiaries, Caratlane Trading's total Income grew 28% to Rs 829 crore compared to Q2FY24 (excluding bullion and digi-gold sales). EBIT came in at Rs 58 crore for Q2FY25 clocking a margin of 7%. Caratlane added 11 new stores (net) in the quarter taking the total store count to 286 stores spread across 119 cities pan-India. Titan engineering & automation (TEAL) recorded a total income of Rs 196 crore in Q2 FY25, a growth of 56% compared to Q2 FY24. EBIT for the quarter came in at Rs 25 crore clocking a margin of 12.8%. The Automation Solutions (AS) business grew by 89% and the manufacturing services business grew 24% respectively compared to Q2 FY24. C K Venkataraman, MD, Titan Company, said, After a muted Q1, Q2 witnessed encouraging growth across key businesses. Jewellery clocked healthy doubledigit growth for the quarter. 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 consumer's proud choice in this segment. On account of the customs duty related losses, as well as the need to invest in growth of various businesses, the profitability of Q2 was quite depressed. However, we are quite confident about the competit iveness of each of our businesses and we remain optimistic about our performance for rest of the financial year. Titan Company, a joint venture between the Tata Group and the Tamilnadu Industrial Development Corporation (TIDCO), commenced its operations in 1987 under the name Titan Watches. In 1994, Titan diversified into Jewellery (Tanishq) and subsequently into EyeCare. Powered by Capital Market - Live

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Stock Alert: Titan Company, Dr Reddy's Lab, Berger Paints, GAIL (India), Mankind Pharma

Result Today: Power Grid Corporation of India, Apollo Hospitals, Tata Steel, Aadhar Housing Finance, Jindal Steel & Power, Blue Star, Chambal Fertilisers, Delta Corp, Endurance Technologies, Gandhar Oil Refinery, GE Power India, Gujarat Pipavav Port, Granules India, Gujarat Gas, JB Chemicals, JK Lakshmi Cement, RITES, Sonata Software, TeamLease Services, Thangamayil Jewellery, and Trident will declare their quarterly earnings later today. Stocks to Watch: Titan Company reported 25% decline in standalone net profit to Rs 705 crore in Q2 FY25 as against Rs 940 crore posted in Q2 FY24. However, revenue from operations jumped 23.88% year on year (YoY) to Rs 12,268 crore in the quarter ended 30 September 2024. Dr Reddy's Laboratories' consolidated net profit decreased 15.28% to Rs 1,255.7 crore in Q2 FY25 as against Rs 1,482.2 crore posted in Q2 FY24. Total revenue from operations stood at Rs 8,038.2 crore in Q2 FY25, up 16.45% as agasint Rs 6,902.6 crore posted in Q2 FY24. The revenue growth was primarily driven by growth in global generics revenues. Meanwhile, the company's board approved fund infusion by way of investment in equity shares of Dr. Reddy's Laboratories LLC, Russia, a step-down wholly-owned subsidiary, upto an amount of Rs 600 crore. The fund will be used for working capital requirements. Mankind Pharma's consolidated net profit jumped 28.96% to Rs 659 crore during the quarter as compared with Rs 511 crore in Q2 FY24. Revenue increased 13.58% YoY to Rs 3,076 crore during the quarter. GAIL India 's consolidated net profit declined 16% to Rs 2,960 crore despite a 3.47% increase in revenue (excluding excise duty) to Rs 32,911.73 crore in Q2 FY25 over Q2 FY24.. Berger Paints India's consolidated net profit declined 7.53% to Rs 270 crore in Q2 FY25 as compared with Rs 292 crore in Q2 FY24. Revenue rose 0.28% YoY to Rs 2,775 crore during the quarter. Timken India reported 3.22% decline in consolidated net profit to Rs 90 crore despite of 10.41% increase in revenue to Rs 753 crore in Q2 FY25 over Q2 FY24. JK Tyre's consolidated net profit declined 43.77% to Rs 140 crore on 7.9% fall in revenue to Rs 3621 crore in Q2 FY25 over Q2 FY24.Powered by Capital Market - Live

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