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:
Disclaimer :
The information on this website is provided on "AS IS" basis. Bajaj Broking (BFSL) does not warrant the accuracy of the information given herein, either expressly or impliedly, for any particular purpose and expressly disclaims any warranties of merchantability or suitability for any particular purpose. While BFSL strives to ensure accuracy, it does not guarantee the completeness, reliability, or timeliness of the information. Users are advised to independently verify details and stay updated with any changes.
The information provided on this website is for general informational purposes only and is subject to change without prior notice. BFSL shall not be responsible for any consequences arising from reliance on the information provided herein and shall not be held responsible for all or any actions that may subsequently result in any loss, damage and or liability. Interest rates, fees, and charges etc., are revised from time to time, for the latest details please refer to our Pricing page.
Neither the information, nor any opinion contained in this website constitutes a solicitation or offer by BFSL or its affiliates to buy or sell any securities, futures, options or other financial instruments or provide any investment advice or service.
BFSL is acting as distributor for non-broking products/ services such as IPO, Mutual Fund, Insurance, PMS, and NPS. These are not Exchange Traded Products. For more details on risk factors, terms and conditions please read the sales brochure carefully before investing.
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 more disclaimer, check here : https://www.bajajbroking.in/disclaimer
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading