What is the total income that Titan has been able to make in Q4?
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Titan has seen a total income of ₹11472 Crore which is up by 21.8% from ₹9419 Crore in Q3FY24.
BAJAJ BROKING
The Q4FY24 results for Titan are out and it can be seen how the company has grown in this quarter and throughout the year. From the total income to the EBIT percentage which grew 10% to ₹1192 Crore, Titan’s growth has been a significantly noticeable one in Q4. Both YoY and QoQ the company has delivered profitable numbers..
Started in 1984 as a one-product category, known as the Titan Watch Project, Titan has achieved tremendous growth and has come a long way. As of today, the company has over 8.000 employees and a total of around 38.000 in the Titan ecosystem. Tiran also has 16 brands to its name now as well as 2,000 retail stores. Titan, along with the services it provides to its customers is also focused on delivering profitable and responsible growth where its stakeholders are concerned. Not only is Titan one of the most respected corporations in the company, but it is also India’s leading lifestyle brand. The company plays a major role in the Jewellery. Watches and the EyeCare categories, something they credit to the various brands under its name and the quality of customer experience these brands provide. Apart from this, Titan has expanded its portfolio and dived headfirst into the Wearables, Indian Dress Wear and Fragrances & Fashion Accessories categories.
Explore: Titan Company Share Price
The gains that Titan has achieved both in the fourth quarter and the financial year 2024 are no easy feat. Here are some of the main highlights from the Titan Q4 Results:
Additional Read: Quarterly Results
The fourth quarter of FY24 has proven to be very profitable for Titan indeed. But those aren’t the only business developments that the company witnessed. Here is a list of some of the key business updates from Titan:
Additional Read: Tata Technologies Q4 Results
FY24 has been another successful year for Titan. With all the growth that it has achieved, both quarterly and annually, there is no doubt that FY25 won’t be an exception either. This year saw the company achieve ₹47501 Crore in consumer sales and a 6.8% profit margin from ₹3274 Crores to ₹3496 Crores. In Q4, Titan’s jewellery business saw a 19% growth, the watches and wearables business saw a growth of 8% from Q4FY23 and its EyeCare Division saw an income growth of 5% from Q4FY23. Many of Titan’s emerging businesses also saw tremendous growth in their income and profits. These include brands like Taneira (Indian Dress Wear), Fragrances, and Fashion Accessories and they saw a whopping growth of 26% compared to Q4FY23. CaratLane, a subsidiary company of Titan was another brand that saw a huge income growth of 29% to ₹748 Crores.
Additional Read: Adani Green Q4 Result
Metrics | For Quarter Ended | For Year Ended | ||||
Q4FY24 | Q4FY23 | %age increase | FY24 | FY23 | %age increase | |
Total Income | 11472 | 9419 | 21.8% | 47501 | 38675 | 22.8% |
Earnings before interest and tax % | 1192 | 1084 | 10% | 5242 | 4747 | 10.4% |
Profit Before Tax | 991 | 988 | 0.3% | 4623 | 4447 | 4% |
Profit After Tax | 771 | 736 | 4.8% | 3496 | 3274 | 6.8% |
Titan, as the numbers already point out, has achieved tremendous growth in Q4 and the whole of FY24. The company has seen growth in every single sector it is involved in and it has also seen growth in its upcoming as well as subsidiary brands. From Titan’s jewellery business seeing a 19% growth, the watches and wearables business gaining a growth of 8% to its EyeCare Division witnessing an income growth of 5% from Q4FY23, it can safely be said that the future of Titan looks more than promising. Titan has been opening stores internationally and domestically this quarter and successfully. We can safely say that the future too will see more stores opening up the brand, helping it increase its presence further.
Additional Read: Blue Dart Express Q4 Results
Titan, with its Q4FY24 results, has shown both its Indian as well as international stakeholders how the company has grown in this quarter and throughout the year. With a total income of ₹11472 Crore, up by 21.8% from ₹9419 Crore QoQ and the EBIT percentage which grew 10% to ₹1192 Crore YoY, Titan’s growth can not go unnoticed. Add to this how amazingly the brand is doing internationally and how many stores it has opened just in this quarter, and one can see why investors would be happy about these developments.
Results for the Fourth Quarter Ended March 31, 2024
Additional Read: Voltamp Q4 Results
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Titan has seen a total income of ₹11472 Crore which is up by 21.8% from ₹9419 Crore in Q3FY24.
Titan has been opening stores internationally and domestically this quarter and successfully at that. Titan’s jewellery business has also seen a 19% growth, while the watches and wearables business saw a growth of 8%. And these are just a few numbers to quote. But with all this in mind, one can safely say that the future of Titan looks more than promising
The fourth quarter of FY24 has proven to be very profitable for Titan indeed. But those aren’t the only business developments that the company witnessed. Here is a list of some of the key business updates from Titan:
Titan had a 'Festival of Diamonds' campaign encouraging women to celebrate the micro-moments that can enhance their daily lives and how Tanishq Diamonds can help them do just that.
The new analog collections of 'Ceramic Fusion Automatics' and 'Classique Slim Multifunction’ by Titan also came out during the quarter.
Q4FY24 also saw 10 new stores being added by Titan World, 14 stores in Helios and 20 stores in Fastrack.
Titan Eye+ also opened 1 new store in Dubai and converted 5 Fastrack eyewear stores to Titan Eye+ in India.
CaratLane added 10 new stores (net) in the quarter taking the total store count to 272 stores spread across 110 Indian cities
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