Titan’s Q2FY25 Results
Titan’s revenue increased 16% YoY
- 07 Nov 2024
- 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:
| (₹ crores) | Q2FY24 | Q1FY25 | Q2FY25 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total income | 12,653 | 13,386 | 14,656 | 9% | 16% |
Total expenses | 11,402 | 12,413 | 13,709 | 10% | 20% |
Profit before tax | 1,252 | 973 | 948 | -3% | -24% |
Tax | 336 | 258 | 244 | -5% | -27% |
Profit after tax | 916 | 715 | 704 | -2% | -23% |
Earnings per share | 10.3 | 8.1 | 7.9 |
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.
Data Source: BSE, Company announcements
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