Titan's Net Profit Jumps 13% To Rs 871 Cr In Q4, Rs 11 Dividend Declared
Last Updated:
Titan recorded a total income of Rs 12,730 crores in Q4FY25, a 22% growth from Q4FY24. Net profit grew 12.9% YoY to Rs 871 crores. The board approved a dividend of Rs 11 per share.
Titan (consolidated) recorded a total income of Rs 12,730 crores, a growth of 22% in Q4FY25 compared to Q4FY24. EBIT grew by 23% YoY to Rs 1,470 crores, while PBT growth was 23% YoY to Rs 1,218 crores. The net profit grew 12.9 per cent YoY to Rs 871 crore in Q4 FY25, against Rs 771 crore in Q4 FY24.
For the full year FY25, the Total Income of Rs 57,818 crores grew 22% over FY24. The EBIT grew 5% to Rs 5,488 crores and the PBT declined by 2% to Rs 4,355 crores, mainly due to the impact of custom duty reduction on gold during the year.
Titan board approved a dividend of Rs 11 per equity share of Rs 1 each of the company which will be paid on or after 7th day from the conclusion of the 41st AGM.
Jewellery (Tanishq, Mia & Zoya)
Total Income for the quarter grew 25% over C14FY24 to R11,232 crores. The domestic India business grew 23% to Rs 10,845 crores during the same period driven by a strong 30% growth in gold jewellery and coins (together) and 12% growth in studded jewellery. Despite a steep increase in gold prices, the studded and gold coin segments saw buyer growths.
Solitaires likewise witnessed a good rebound on the back of good buyer growth, albeit on the lower carat weights. The high gold prices, however, are continuing to weigh on consumer sentiment in the near term. EBIT for the quarter came in at Rs 1,331 crores at a margin of 11.9%.
Watches & Wearables
Business recorded a Total Income of q1,126 crores, up 20% over C14FY24. The domestic India business grew 18% to Rs 1,087 crores during the same period driven by a healthy 18% growth in analog watches. The premium brands of Titan, Raga and international brands (via Helios channel) continued to do well growing in double-digits during the quarter and clocking higher average price realizations than Q4FY24.
Fastrack brand topped the growth charts clocking 44% growth followed by Sonata recording 25% growth (over their respective Q4FY24 numbers). Affordable fashion segments are seeing a resurgence on the back of recent product offerings. EBIT came in at R133 crores clocking a margin of 11.8% for the quarter.
First Published:
May 08, 2025, 19:42 IST
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
37 minutes ago
- Time of India
Meet fails to find consensus on Metro alignment in Thiruvananthapuram; state govt opts for further consultation
Thiruvananthapuram: The long-pending Metro rail project in the state capital has hit another roadblock, as the high-level meeting chaired by chief minister on Wednesday failed to finalise the alignment. Tired of too many ads? go ad free now Instead, the state govt decided to constitute an advisory committee to consult stakeholders on the various alignment proposals, effectively pushing the project back to square one. According to sources, the decision to form the committee was taken after multiple stakeholders presented differing alignment suggestions, complicating the planning process. The committee will be formed under the leadership of the chief secretary. It will examine related matters and submit its recommendations. The committee will include the secretaries of revenue, finance, local self-govt and transport departments. Kochi Metro Rail Limited (KMRL), the implementing agency of the project, presented six alignment options during the meeting. However, Shashi Tharoor, MP, who participated online, also submitted his alignment proposals, prompting the chief minister to recommend further stakeholder consultation before moving forward. In a post on social media platform X, Tharoor wrote, "Had a very constructive online meeting this morning (Wednesday), chaired by the Chief Minister @pinarayivijayan, to discuss plans for a Metro in Thiruvananthapuram, something I have been clamouring for ever since becoming an MP." He added that an advisory committee would be formed to evaluate the proposals. "Our vision for the Metro must be to anticipate the needs of generations yet unborn," Tharoor posted. Tired of too many ads? go ad free now "I am confident that, with the right approach, we can make Thiruvananthapuram an ideal capital city for the 21st century," he added. Meanwhile, KMRL chief Loknath Behera described the meeting as positive and expressed hope that a final decision would be made soon. "A presentation about the alignments of the proposed Metro rail in Thiruvananthapuram was completed. Now, the govt has to take a final decision," he told TOI. Once the alignment is finalised, it will be handed back to KMRL to revise the detailed project report (DPR) originally prepared by Delhi Metro Rail Corporation (DMRC). The DPR's executive summary was submitted to the state govt in Feb 2024. The finance department gave its approval to the project earlier this year. After the chief minister's nod, the project will be sent to the state cabinet for final clearance. In the 2025-26 state budget, the govt announced that preliminary work on the Metro would begin within the year. However, alignment disputes continue to stall progress. The transport department earlier rejected DMRC's original alignment, citing impracticalities and suggested an alternative route beginning at Kazhakkoottam instead of Pallipuram on NH 66. As per the previous cost estimate prepared by DMRC, the project will cost Rs 11,560.8 crore. The KMRL proposed a conventional Metro in Thiruvananthapuram instead of a light Metro, which was initially proposed. It was earlier said that DMRC would submit the report to the KMRL in Jan last year, which would in turn submit it to the state govt by the end of Jan after reviewing it. However, it was delayed.
Time of India
an hour ago
- Time of India
Ranchi vendor markets sinking under choked drains, unhygienic surroundings, & poor infra
1 2 Ranchi: The city's main vendor markets, especially Naga Baba Khatal and Kokar, are characterised by choked drains, unhygienic surroundings, and poor infrastructure. These public spaces remain on the margins of municipal attention in spite of being important areas in a civilised society. A vendor at Rs 10.86-crore valued Naga Baba Khatal Vendor Market, Rekha Devi, said, "Overflowing drains, stagnant water, and heaps of rotting vegetables have turned the area unbearable. Even a small shower turns this place into a filthy swamp. The stink is terrible. Customers avoid coming here." Echoing the statement, customer Neha Kumari said, "The area lacks drainage system. We have to walk in muck mixed with vegetable waste. Toilets are barely usable, especially for women." At Kokar Vendor Market, vendors operate beside garbage piles and blocked drains. "The waste isn't picked up regularly, turning into heaps and lying scattered with rainwater," said Imran, a fruit seller. The Atal Vendor Market, built at a cost of Rs 54 crore with 478 shops, is structurally better but overcrowded. Vendors and customers struggle to navigate narrow congested passages. "There's no space to walk during rush hours, especially when shopkeepers display goods outside their stalls," said Arun Kumar, a vendor. Though these markets were constructed to decongest roads and fight encroachments, their neglected condition is forcing vendors back onto roads and footpaths. "The markets helped control encroachment to some extent. However, the vendors prefer doing their business from the roadside, where footfall is higher and conditions are manageable," said Shabnam Ansari, a vendor at Naga Baba Market. Assistant municipal commissioner Nikesh Kumar said, "Each market has four to five cleaning staff. Restoration files have been submitted to the authorities. Upgradation of infrastructure would begin based on approval." "For hundreds of vendors and thousands of customers, restoring hygiene and functionality in these markets isn't about comfortbut survival," said Ritu Sinha, another customer at the Atal Vendor Market.
Time of India
an hour ago
- Time of India
After SC order, MMRDA seeks price bids from L&T on projects
Mumbai: Nearly two weeks after MMRDA informed Supreme Court that it had "in public interest" scrapped its tenders for the Thane-Ghodbunder-Bhayander twin tunnel and elevated road projects—collectively estimated at Rs 14,000 crore—the planning authority has sought detailed financial estimates from infrastructure giant Larsen & Toubro (L&T). Tired of too many ads? go ad free now The projects include an underground road tunnel from Gaimukh to Fountain Hotel Junction on Ghodbunder Road and an elevated road from Fountain Hotel Junction to Bhayander. Sources said MMRDA sent a letter on June 10 asking L&T to submit detailed financial estimates/price bids, rate analysis and justification and related documents in seven working days "to ensure completeness of the bid records" and "further transparency and public interest". The tender process for the projects had landed in court after MMRDA disqualified L&T from the technical bids round by declaring it non-responsive, saying it had failed to submit a mandatory affidavit. The affidavit required bidders to declare that none of their bridges had collapsed within two years of completion. Megha Engineering and Infrastructure, a prominent purchaser of electoral bonds prior to being scrapped by the apex court, was declared the successful bidder. L&T then moved Bombay HC, alleging lack of clarity over the rejection and the decision not to open its financial bids. HC granted a temporary stay on the opening of price bids on May 13 but dismissed L&T's petitions on May 20, observing "material suppression" by the company. The court upheld MMRDA's tendering process. L&T approached SC, which expressed surprise that technical bids of a firm that had built Central Vista and Atal Setu had been rejected. Tired of too many ads? go ad free now The company disclosed during the proceedings that its quoted prices were significantly lower—Rs 6,498 crore for the tunnel and Rs 5,554 crore for the elevated road. SC was informed that the difference was over Rs 3,100 crore between the lowest bidder and L&T. The bench asked MMRDA how L&T could be technically disqualified from the projects in that case and directed it to check with the state govt if it was willing to re-tender the projects. SC disposed of L&T's petition after MMRDA agreed to re-tender the projects. MMRDA has since maintained that both SC and HC had upheld its submission, but that in deference to the courts and in line with its institutional commitment to transparency, it was decided that both tenders would be scrapped and a fresh tender process would be initiated. In its June 10 letter, it said it had decided to voluntarily scrap the tenders and revise cost estimates in the "spirit of transparency and larger public interest. "
