Titan Q2 results: Tata group watchmaker’s revenue at Rs 14,534 crore; margin shrinks by 190 bps
Titan Q2 FY25 Results: Tata Company Ltd, a Tata group company that manufactures a range of lifestyle products including jewelery and watches, on Tuesday reported a consolidated profit of Rs 704 crore for the July-September period, marking a 23.1 per cent year-on-year decline. about a year ago. Titan—whose popular brands include Titan, Fastrack, Sonata, Titan Raga, Tanishq, Zoya and CaratLane—said it saw encouraging growth in all its key segments following a muted show last quarter.
Titan registered a 16 percent year-on-year rise in its revenue to Rs 14,534 crore in the second half of the current financial year, according to an official filing.
Zee Business analysts had pegged the Tata company’s second quarter profit at Rs 1,080 crore.
Titan’s margin—a key measure of profitability—came in at 8.5 percent in the September quarter, marking a decline of 280 bps year over year.
“Jewellery posted a healthy double-digit growth this quarter. Our portfolio approach in this business for diverse customer needs with Tanishq, Mia, Zoya and Caratlane brands is working well. Consumer growth metrics were strong and positive double-digits across all gold and product categories focused,” said CK Venkataraman, Managing Director, Titan.
“The quarter also saw analog watches grow by 25+ percent over last year with a commensurate increase in volumes. The Titan brand continues to be the proud choice of Indian consumers in this segment,” said Venkataraman.
Acknowledging that Titan’s second-quarter profit was “significantly disappointing” due to excise duty-related losses and the need to invest in the growth of various businesses, MD expressed confidence about the competitiveness of each of its businesses. “We are always optimistic about our performance until the end of the financial year,” he said.
Titan Share Price
Earlier on Tuesday, shares of Titan gained Rs 7.4, or 0.2 percent, to end at Rs 3,233.1 apiece on the BSE during a volatile session on Dalal Street.
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