Titan Company Ltd
TITANTitan Company Ltd
TITAN


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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
93.85 | 32.34 | 0.32% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
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37.31 | 6.65 | 0.76% |
Forecast & Ratings
Detailed Forecast from 31 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Titan Company Limited is engaged in offering watches, jewelry and others. The Company's segments include Watches, Jewellery, Eyewear.
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Forecasts
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Revenue
Earnings
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Earnings Per Share Forecast
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Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
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Total Revenue | 11,349.81 | 13,329.55 | 16,208.63 | 19,961.46 | 21,205.00 | 21,830.00 | 29,033.00 | 40,884.00 | 51,618.00 | 58,564.00 | ||||||||||
Raw Materials | 8,372.17 | 9,821.14 | 12,664.83 | 15,170.66 | 16,033.00 | 16,292.00 | 26,436.00 | 32,589.00 | 42,103.00 | 52,686.00 | ||||||||||
Power & Fuel Cost | 41.20 | 43.84 | 45.32 | 48.51 | 52.00 | 37.00 | 45.00 | 59.00 | 71.00 | |||||||||||
Employee Cost | 696.28 | 890.16 | 901.73 | 1,019.27 | 1,199.00 | 1,065.00 | 1,349.00 | 1,647.00 | 1,864.00 | |||||||||||
Selling & Administrative Expenses | 849.84 | 1,215.32 | 1,282.34 | 1,459.49 | 1,475.00 | 1,033.00 | 1,704.00 | 2,724.00 | 3,260.00 | |||||||||||
Operating & Other expenses | 381.66 | 237.57 | -399.72 | 91.26 | -170.00 | 1,498.00 | -4,022.00 | -1,323.00 | -1,506.00 | |||||||||||
EBITDA | 1,008.66 | 1,121.52 | 1,714.13 | 2,172.27 | 2,616.00 | 1,905.00 | 3,521.00 | 5,188.00 | 5,826.00 | 5,878.00 | ||||||||||
Depreciation/Amortization | 98.19 | 110.53 | 131.43 | 162.84 | 348.00 | 375.00 | 399.00 | 441.00 | 584.00 | 668.00 | ||||||||||
PBIT | 910.47 | 1,010.99 | 1,582.70 | 2,009.43 | 2,268.00 | 1,530.00 | 3,122.00 | 4,747.00 | 5,242.00 | 5,210.00 | ||||||||||
Interest & Other Items | 42.36 | 37.74 | 52.92 | 52.54 | 166.00 | 203.00 | 218.00 | 300.00 | 619.00 | 902.00 | ||||||||||
PBT | 868.11 | 973.25 | 1,529.78 | 1,956.89 | 2,102.00 | 1,327.00 | 2,904.00 | 4,447.00 | 4,623.00 | 4,308.00 | ||||||||||
Taxes & Other Items | 193.59 | 261.78 | 399.69 | 552.74 | 601.00 | 354.00 | 731.00 | 1,197.00 | 1,127.00 | 1,071.00 | ||||||||||
Net Income | 674.52 | 711.47 | 1,130.09 | 1,404.15 | 1,501.00 | 973.00 | 2,173.00 | 3,250.00 | 3,496.00 | 3,237.00 | ||||||||||
EPS | 7.60 | 8.01 | 12.73 | 15.82 | 16.91 | 10.96 | 24.48 | 36.56 | 39.28 | 36.37 | ||||||||||
DPS | 2.20 | 2.60 | 3.75 | 5.00 | 4.00 | 4.00 | 7.50 | 10.00 | 11.00 | 11.00 | ||||||||||
Payout ratio | 0.29 | 0.32 | 0.29 | 0.32 | 0.24 | 0.36 | 0.31 | 0.27 | 0.28 | 0.30 |
Company Updates
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Peers & Comparison
Consumer DiscretionaryPrecious Metals, Jewellery & Watches
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Titan Company Ltd | 86.90 | 32.34 | 0.32% |
Kalyan Jewellers India Ltd | 93.14 | 13.29 | 0.22% |
PC Jeweller Ltd | -13.65 | 2.93 | — |
Senco Gold Ltd | 44.98 | 5.96 | 0.19% |
Price Comparison
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Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
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) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
---|---|---|---|---|
The rupee value of the stock held by the fund divided by the stock’s market cap 0.2735% | Percentage of the fund’s portfolio invested in the stock 2.33% | Change in the portfolio weight of the stock over the last 3 months 0.22% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 15/48 (0) | |
The rupee value of the stock held by the fund divided by the stock’s market cap 0.2310% | Percentage of the fund’s portfolio invested in the stock 2.80% | Change in the portfolio weight of the stock over the last 3 months 0.39% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 4/67 (0) | |
The rupee value of the stock held by the fund divided by the stock’s market cap 0.1459% | Percentage of the fund’s portfolio invested in the stock 1.14% | Change in the portfolio weight of the stock over the last 3 months 0.21% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 19/88 (+4) |
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Events
Dividend Trend
No Dividend Cuts
TITAN has increased or maintained dividend levels over the last 5 years
Dividend Yield
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
Dividend/Share
₹11.00
Ex DateEx Date
Jun 27, 2024
Cash Dividend
Ex DateEx DateJul 13, 2023
Dividend/Share
₹10.00
Ex DateEx Date
Jul 13, 2023
Cash Dividend
Ex DateEx DateJul 8, 2022
Dividend/Share
₹7.50
Ex DateEx Date
Jul 8, 2022
Cash Dividend
Ex DateEx DateJul 22, 2021
Dividend/Share
₹4.00
Ex DateEx Date
Jul 22, 2021
Cash Dividend
Ex DateEx DateAug 3, 2020
Dividend/Share
₹4.00
Ex DateEx Date
Aug 3, 2020
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
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
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
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
Titan Company will hold a meeting of the Board of Directors of the Company on 4 February 2025.Powered by Capital Market - Live
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
Titan Company has appointed Naveen Dadlani as the Head of Integrated Retail Services Group designated as Senior Management Personnel. Powered by Capital Market - Live
Titan Company has fully redeemed commercial paper of Rs 500 crore today, 18 November 2024. Powered by Capital Market - Live
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
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
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 20.93%, vs industry avg of 10.23%
Increasing Market Share
Over the last 5 years, market share increased from 8.5% to 13.16%
Higher than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 20.01%, vs industry avg of 8.55%