TITAN Q2 Results: Revenue rose by 24.00% year-over-year (YoY) to Rs. 14534 crore, while net profit declined by 26.00% YoY to Rs. 704 crore.
NSE: TITAN:Rs.3,235.00(+0.40)
Titan Company Ltd is among India’s most respected lifestyle companies. It has established leadership positions in the Watches, Jewellery and Eyewear categories led by its trusted brands and differentiated customer experience. It was founded in 1984 as a joint-venture between TATA Group and Tamilnadu Industrial Development Corporation (TIDCO).
Revenue
Revenue for the current quarter (Sep 2024) is Rs. 14534 crore which is Rs. 13266 crore more than the revenue in the previous quarter (Jun 2024). However, it is higher than the revenue for the same quarter last year (Sep 2023) which was Rs. 12529 crore.
Net Profit
Net Profit for the current quarter (Sep 2024) is Rs. 704 crore, which is Rs. 715 crore less than the net profit in the previous quarter (Jun 2024). However, compared to the same quarter last year, it is significantly lower than the net profit of Rs. 916 crore for Sep 2023.
EPS
The EPS for the current quarter (Sep 2024) is 7, which is 8 less than the EPS for the previous quarter (Jun 2024). However, compared to the same quarter last year, it is lower than EPS of 10 for Sep 2023.
Other Income
Other income for the current quarter (Sep 2024) is Rs. 123 crore, which is Rs. 120 crore more than the other income for the previous quarter (Jun 2024). However, compared to the same quarter last year, it is lower than the other income of Rs. 125 crore for Sep 2023.
Segment Revenues and Profit/Loss
(Figures in crores)
| Segment | 30-09-2024 (Unaudited) | 30-06-2024 (Unaudited) | 30-09-2023 (Unaudited) |
|---|---|---|---|
| Watches and Wearables | 1,304 | 1,023 | 1,092 |
| Jewellery | 12,771 | 11,808 | 11,081 |
| Eyecare | 202 | 210 | 189 |
| Others | 301 | 277 | 218 |
| Corporate (unallocated) | 78 | 68 | 73 |