Titan’s Q2FY25 Results

• Titan reported a 9% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter ended Sept (Q2FY25). On a year-on-year (YoY) basis, it witnessed a growth of 16%.
• Its expenses for the quarter were up by 10% QoQ and 20% YoY.
• The net profit decreased 2% QoQ and 23% YoY.
• The earnings per share (EPS) of Titan stood at 7.9 during Q2FY25.

Titan’s Financial Statements for Q2FY25:

Financials:

Total Income: ₹12,458 crore, up 24.2% YoY (from ₹10,027 crore in Q2FY24).
Earnings before Interest & Tax (EBIT): ₹1,128 crore, down 17.5% YoY. EBIT Margin: 9.1%, down by 458 basis points from 13.6% in Q2FY24.
Profit before Tax (PBT): ₹933 crore, down 26.0% YoY. PBT
Margin: 7.5%, down by 509 basis points from 12.6% in Q2FY24.
Profit after Tax (PAT): ₹705 crore, down 25.0% YoY. PAT Margin: 5.7%, down by 372 basis points from 9.4% in Q2FY24.

Management Commentary:

Mr.CK Venkataraman, Managing Director:

• Q2 saw encouraging growth across key businesses following a muted Q1.
• Jewellery segment achieved healthy double-digit growth.
• Portfolio approach, covering Tanishq, Mia, Zoya, and Caratlane, is effectively meeting diverse customer needs.
• Strong double-digit buyer growth in both gold and studded product categories.
• Analog watches grew by over 25% YoY, with an increase in volume, highlighting Titan as a preferred brand among Indian consumers.
• Profitability in Q2 was impacted by customs duty losses and investments in business growth.
• Optimistic outlook for business performance in the remainder of the financial year.

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Data Source: BSE, Company announcements

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