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Fashion Network
12-05-2025
- Business
- Fashion Network
Titan Ltd Q4 net profit rises 13 percent to Rs 871 crore
Titan Company Ltd reported a 13 percent increase in net profit to Rs 871 crore ($102 million) for the fourth quarter ended March 31, as against Rs 771 crore in the year-ago quarter. The company's total income for the quarter rose by 24 percent to Rs 12,730 crore, as against Rs 10,280 crore in the corresponding quarter of the previous fiscal year. For the full financial year, Titan's total income stood at Rs 57,818 crore while its net profit for the year stood at Rs 3,335 crore. Commenting on the results, C K Venkataraman, managing director of Titan in a statement said, 'While FY25 was marked by multiple external events that had varying impacts on the businesses in general, Titan's businesses clocked yet another year of strong 22% revenue growth resulting in the company crossing the impressive milestone of Rs 50,000 crore of revenue for the full year.' 'As we look forward to FY26, all businesses of Titan Company are focusing on market share expansion in their respective categories and catering to the changing needs of our consumers,' he added. During the year, Tanishq expanded its international network to the markets of Sharjah in UAE and Atlanta & Santa Clara in USA to take its international footprint to 23 stores.
News18
09-05-2025
- Business
- News18
Titan Shares Up Nearly 5% Post Earnings After 13% Jump In Net Profit In Q4
Last Updated: Shares of Titan Company climbed nearly 5 per cent on Friday morning after the Tata group firm reported a 13 per cent increase in its consolidated profit after tax in Q4. Shares of Titan Company climbed nearly 5 per cent on Friday morning after the Tata group firm reported a 13 per cent increase in its consolidated profit after tax in the March quarter. The company's stock jumped 4.95 per cent to Rs 3,530 on the BSE. At the NSE, it surged 4.76 per cent to Rs 3,530. The stock emerged as the biggest gainer among the Sensex and Nifty firms during the morning trade. In the equity market, the 30-share BSE benchmark gauge traded 653.29 points lower at 79,681.52. The NSE Nifty quoted 222.80 points down at 24,055.05. Titan Company on Thursday reported a 13 per cent increase in its consolidated profit after tax at Rs 871 crore in the March quarter, driven by robust sales. The company had posted a profit after tax (PAT) of Rs 771 crore for the January-March period of FY24. Total income increased to Rs 14,049 crore for the fourth quarter as compared with Rs 11,472 crore in the year-ago period, the company said in a regulatory filing. For FY25, Titan reported a PAT of Rs 3,337 crore, a decline of 5 per cent, against Rs 3,496 crore in FY24. 'While FY25 was marked by multiple external events that had varying impacts on the businesses in general, Titan's businesses clocked yet another year of strong 22 per cent revenue growth resulting in the company crossing the impressive milestone of Rs 50,000-plus crore of revenues for the full year," its Managing Director C K Venkataraman said. First Published: May 09, 2025, 11:08 IST
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Business Standard
08-05-2025
- Business
- Business Standard
Titan Q4 net profit up 13% to Rs 871 crore on strong jewellery sales
Titan Company's net profit during the fourth quarter of financial year 2024-25 (FY25) was up 13 per cent year-on-year (Y-o-Y) to ₹871 crore on the back of strong sales. Revenue from operations grew 19.4 per cent Y-o-Y to ₹14,916 crore. Sequentially, net profit fell 16.8 per cent while revenue was down 15.9 per cent. The jewellery major's profit before interest, depreciation, and tax (PBIDT) was up 22.4 per cent Y-o-Y to ₹1,653 crore in the quarter ended March. The owner of Tanishq, Mia and Zoya saw its income from the jewellery business grow 25 per cent to ₹11,232 crore on a standalone basis compared to the corresponding quarter last year. Also, its India business grew 23 per cent in the same period, driven by a strong 30 per cent growth in gold jewellery and coins (together) and 12 per cent surge in studded jewellery, it said. '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,' the company said in its earnings release. In the watches and wearables business, it recorded a total income of ₹1,126 crore, up 20 per cent over the corresponding quarter last year. The domestic business grew 18 per cent during the same period. The eyecare division recorded a total income growth of 16 per cent to ₹192 crore in the quarter. Emerging businesses, comprising Indian dress wear ('Taneira') and fragrances and fashion accessories ('F&FA'), recorded a total income of ₹102 crore for Q4FY25, growing 5 per cent over last year. 'FY25 was marked by multiple external events that had varying impacts on the businesses in general. Titan's businesses clocked yet another year of strong 22 per cent revenue growth. This resulted in the company crossing the milestone of over ₹50,000 crore of revenues for the full year,' C K Venkataraman, managing director (MD) of Titan said in its earnings release. He added, 'Our analog watch business continued its strong growth trajectory by product innovation-led premiumisation while moving in sync with the rising aspirations of the Indian consumer. The eye care business has returned to the double-digit growth trajectory in Q3 and Q4 of FY25 and is poised for even better growth in FY26.' He also said that within emerging businesses, fragrances has performed well in FY25 signifying growing acceptance of the SKINN brand. Its international business expansions are progressing well in North America and Gulf Cooperation Council (GCC) regions. 'As we look forward to FY26, all businesses of Titan Company are focusing on market share expansion in their respective categories and catering to the changing needs of our consumers,' Venkataraman said. Ajoy Chawla appointed MD The board of directors of Titan Company, at its meeting on Thursday, approved Ajoy Chawla as managing director (MD) from January 1, 2026, as CK Venkataraman, the current MD, will retire on December 31 this year. Chawla is currently chief executive officer (CEO) of the jewellery division. He is a mechanical engineer from VJTI Mumbai and a PGDM from IIM Calcutta. He joined the Tata Administrative Services (TAS) in 1990 and initially joined the finance department of Titan in 1991. 'Over the next two decades, he was in the watches division, and played several roles spanning commercial, sales, retailing, supply chain, SAP implementation, leading accessories and licensed brands as strategic business unit (SBU) head. He then headed the Titan SBU for domestic and international markets,' the release said. Between 2013 and 2019, Chawla was the chief strategy officer of Titan as well as head of business incubation, scaling the fragrances business and establishing the Taneira business. In October 2019, he became CEO of Titan's jewellery division. Under his leadership, the jewellery division has grown 2.5 times in sales and profits and reinforced its market and thought leadership, the release added. The formal process to induct Chawla on the board of the company and his appointment as MD of Titan will be completed in due course. It is subject to shareholder approval. The decision relating to Chawla's successor in the jewellery division will be taken subsequently.
Business Standard
08-05-2025
- Business
- Business Standard
Titan Q4 net profit rises 13% to Rs 871 crore, income increases 18.8%
Titan Company Limited has declared a net profit ₹871 crore in the fourth quarter of fiscal year 2024-25, marking a 12.97 per cent increase from Q4 FY24 net profit of ₹771 crore. Titan, a jewellery-to-watch conglomerate, reported total income of ₹15,032 crore in Q4FY25, up from ₹12,653 crore in the final quarter of the last fiscal year. "While FY25 was marked by multiple external events that had varying impacts on the businesses in general, Titan's businesses clocked yet another year of strong 22 per cent revenue growth resulting in the Company crossing the impressive milestone of ₹50,000+ crore of revenues for the full year. Our Analog Watch business continued its strong growth trajectory by product innovation led premiumization whilst moving in sync with the rising aspirations of the Indian consumer," said C K Venkataraman, managing director of Titan. CaratLane, the omni-channel jewellery brand, reported a robust quarterly performance with total income rising approximately 23 per cent year-on-year to ₹883 crore in Q4FY25. Revenue from the studded jewellery segment grew around 19 per cent year-on-year (YoY), while all other categories — including gold jewellery and coins — registered a stronger 44 per cent YoY growth in the quarter under review, reflecting shifting consumer preferences amid high gold prices. CaratLane witnessed a 5 per cent YoY increase in buyers during the Q4 FY25. This growth was accompanied by an 18 per cent rise in average bill value. On the profitability front, CaratLane posted earnings before interest and taxes (EBIT) of ₹70 crore, translating to a healthy operating margin of 7.9 per cent. The brand continued to expand its retail footprint aggressively, adding 17 new stores across India during the final quarter. With this, CaratLane's total store count now stands at 322 across 139 cities. "The EyeCare business has returned to the double-digit growth trajectory in Q3 and Q4 of FY25 and is poised for even better growth in FY26. Within Emerging businesses, Fragrances has performed well for FY25 signifying growing acceptance of the SKINN brand. Our International Business expansions are progressing well in North America and GCC regions. As we look forward to FY26, all businesses of Titan Company are focusing on market share expansion in their respective categories and catering to the changing needs of our consumers," Venkataraman added.
Time of India
08-05-2025
- Business
- Time of India
Titan Q4 Results: Profit rises 13% YoY to Rs 871 crore; Rs 11 per share dividend declared
(You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Consumer discretionary major Titan Ltd reported 13% growth in its consolidated net profit at Rs 871 crore in the fourth quarter, compared with Rs 771 crore in the year-ago quarter. Total income during the reporting period increased 22% YoY to Rs 14,049 Board has recommended a dividend of Rs 11 per share, which will be paid on or after the seventh day from the conclusion of the for the fourth quarter increased 23% YoY to Rs 1,470 crore, while margins improved 8 bps to 10.5%."While FY25 was marked by multiple external events that had varying impacts on the businesses in general, Titan's businesses clocked yet another year of strong 22% revenue growth resulting in the Company crossing the impressive milestone of Rs 50,000+ crore of revenues for the full year," said C K Venkataraman, MD, to come...
