Titan Company will hold a meeting of the Board of Directors of the Company on 4 February 2025.Powered by Capital Market - Live

The firm also launched 69 new outlets during the quarter, taking its total retail network to 3,240 stores. During Q3 FY25, Titan's jewellery business grew about 26% year-on-year, buoyed by strong festive demand. Robust consumer traction during 'Diwali' translated into high single-digit buyer growth along with double-digit ticket size growth. Gold (plain) exhibited particularly strong momentum, growing 24% YoY benefiting from increased gold prices and festive and wedding purchases. Notably, gold coin sales grew 48% YoY, reflecting consumer preference for gold as an investment avenue and customary purchases during the festive occasion of 'Dhanteras'. Studded grew 21% year on year, recording its highest quarterly print till now for the financial year 2025, it added. Tanishq (international) added a new store each in Seattle, USA, and Gold Souk, Dubai. Of the 24 new store additions in India, 11 stores were added in Tanishq and 13 stores were added in Mia. Watches & Wearables domestic business saw 13% growth compared to last year. The analog segment grew by 19%, driven by festive demand and well supported by healthy premiumization trends. The wearables saw a drop of 20% from last year, reflecting the broader market stress in the smart wearables segment and reduced consumer spending in the entry and mid-segment price points. The division added 23 new stores in the quarter, comprising 12 stores in Titan World, 10 in Helios, and 1 in Fastrack, respectively. The EyeCare division's business clocked a healthy growth of 17% YoY, led by retail and e-commerce, both on revenue and buyers. Titan Eye+ closed 3 stores (net) in India during the quarter. In emerging businesses, fragrances grew by 27% year-on-year while fashion accessories declined by 20%. Taneria's growth was flat as compared to last year, and it added one store in the city of Salem during the quarter. The company's Caratlane business jumped 25% YoY, driven by a strong growth of 26% YoY in the studded portfolio. Buyers grew 8% YoY, and L2L growths clocked a healthy growth of 16% YoY. Brand added its first international store in New Jersey, USA, in the quarter. About 19 net new domestic stores were added in this period, expanding the India presence to 305 stores. The Titan brand continues to be Indian consumer's proud choice in this segment. On account of the customs duty-related losses as well as the need to invest in the growth of various businesses, the profitability of Q2 was quite depressed. However, we are quite confident about the competitiveness of each of our businesses, and we remain optimistic about our performance for the rest of the financial year. Titan Company, a joint venture between the Tata Group and the Tamilnadu Industrial Development Corporation (TIDCO), commenced its operations in 1987 under the name Titan Watches. In 1994, Titan diversified into Jewellery (Tanishq) and subsequently into EyeCare.Powered by Capital Market - Live

Titan Company has appointed Naveen Dadlani as the Head of Integrated Retail Services Group designated as Senior Management Personnel. Powered by Capital Market - Live

Titan Company has fully redeemed commercial paper of Rs 500 crore today, 18 November 2024. Powered by Capital Market - Live

However, revenue from operations jumped 23.88% year on year (YoY) to Rs 12,268 crore in the quarter ended 30 September 2024. Total income (excluding bullion sale) for the quarter stood at Rs 12,458 crore, registering a growth of 24.2% on YoY basis. Profit before tax in the second quarter of FY24 stood at Rs 933 crore, down 26.01% from Rs 1,261 crore recorded in the corresponding quarter previous year. EBITDA slipped 14.7% to Rs 1,260 crore in Q2 FY25 as against Rs 1,477 crore posted in Q2 FY24. EBITDA margin reduced by 462 bps to 10.1% in the quarter ended 30 September 2024. EBIT stood at Rs 1,128 crore, down 17.5% YoY while EBIT margin declined by 458 bps to 9.1% posted in Q2 FY24. During the quarter, the company's income from jewellery business grew 26% YoY to Rs 10,763 crore in Q2 FY24. The India business grew 25% in the same period. EBIT at Rs 932 crore came at a margin of 8.7% for the quarter. During the quarter, in India, Tanishq opened 11 new stores (net), Mia added 12 and Zoya added 1 store respectively. Watches & wearables business recorded a total income of Rs 1,301 crore, up 19% compared with Q2 FY24. The domestic business grew 19% in the same period. EBIT came in at Rs 194 crore clocking a margin of 14.9% for the quarter. The company's analog segment reported a strong 26% revenue growth in Q2 FY25 compared to Q2 FY24, driven by the Titan brand, which saw a 32% increase in the same period. Consumer preference for premium brands was evident, with the Helios channel (international brand sales) experiencing a robust 43% retail growth year-on-year. However, the wearables segment saw a 13% decline in revenue compared to Q2 FY24, primarily due to a reduction in average selling prices. Additionally, the company expanded its retail footprint by opening a net total of 34 new stores in Q2 FY25, including 18 in Titan World, 14 in Helios, and 2 in Fastrack. EyeCare business recorded total income of Rs 201 crore in Q2 FY25 grew 7% over Q2FY24. Business recorded an EBIT of Rs 24 crore clocking a margin of 11.9% for the quarter. Frames and Lenses saw healthy growth in volumes. Sunglasses recorded a volume decline due to seasonality. International brand sales recorded a strong growth 53% over Q2FY24. Business increased its promotional activities leading to a double-digit growth in advertising compared to the same period last year. Division added 3 new stores (net) during the quarter in Titan Eye. The Emerging Businesses comprising of Indian Dress Wear (Taneira), Fragrances, Fashion Accessories (F&FA) recorded a total Income of Rs 106 crore for Q2 FY25 growing 14% compared to Q2 FY24. Taneira's sales grew 12% compared to Q2 FY24 mainly driven by growth from new stores. The brand opened 4 new stores during the quarter, taking the total store count to 81 stores covering 41 cities. The F&FA business grew 16% compared to Q2 FY24 (excluding the discontinued belts and wallets sub-segment, comparable growth was 33% in the same period). Within sub-segments, Fragrances (SKINN) grew 19% and Women's Bags (IRTH & Fastrack) grew 76% respectively compared to Q2 FY24. The Emerging Businesses together recorded a loss of Rs 29 crore for the quarter. Among subsidiaries, Caratlane Trading's total Income grew 28% to Rs 829 crore compared to Q2FY24 (excluding bullion and digi-gold sales). EBIT came in at Rs 58 crore for Q2FY25 clocking a margin of 7%. Caratlane added 11 new stores (net) in the quarter taking the total store count to 286 stores spread across 119 cities pan-India. Titan engineering & automation (TEAL) recorded a total income of Rs 196 crore in Q2 FY25, a growth of 56% compared to Q2 FY24. EBIT for the quarter came in at Rs 25 crore clocking a margin of 12.8%. The Automation Solutions (AS) business grew by 89% and the manufacturing services business grew 24% respectively compared to Q2 FY24. C K Venkataraman, MD, Titan Company, said, After a muted Q1, Q2 witnessed encouraging growth across key businesses. Jewellery clocked healthy doubledigit growth for the quarter. Our portfolio approach in this business of straddling diverse customer needs through the brands of Tanishq, Mia, Zoya and Caratlane is working well. The buyer growth metrics were fairly strong and in good double-digits across gold and studded product categories. The quarter also witnessed analog watches growing 25%+ over last year with commensurate uptick in volumes. Titan brand continues to be Indian consumer's proud choice in this segment. On account of the customs duty related losses, as well as the need to invest in growth of various businesses, the profitability of Q2 was quite depressed. However, we are quite confident about the competit iveness of each of our businesses and we remain optimistic about our performance for rest of the financial year. Titan Company, a joint venture between the Tata Group and the Tamilnadu Industrial Development Corporation (TIDCO), commenced its operations in 1987 under the name Titan Watches. In 1994, Titan diversified into Jewellery (Tanishq) and subsequently into EyeCare. Powered by Capital Market - Live

Result Today: Power Grid Corporation of India, Apollo Hospitals, Tata Steel, Aadhar Housing Finance, Jindal Steel & Power, Blue Star, Chambal Fertilisers, Delta Corp, Endurance Technologies, Gandhar Oil Refinery, GE Power India, Gujarat Pipavav Port, Granules India, Gujarat Gas, JB Chemicals, JK Lakshmi Cement, RITES, Sonata Software, TeamLease Services, Thangamayil Jewellery, and Trident will declare their quarterly earnings later today. Stocks to Watch: Titan Company reported 25% decline in standalone net profit to Rs 705 crore in Q2 FY25 as against Rs 940 crore posted in Q2 FY24. However, revenue from operations jumped 23.88% year on year (YoY) to Rs 12,268 crore in the quarter ended 30 September 2024. Dr Reddy's Laboratories' consolidated net profit decreased 15.28% to Rs 1,255.7 crore in Q2 FY25 as against Rs 1,482.2 crore posted in Q2 FY24. Total revenue from operations stood at Rs 8,038.2 crore in Q2 FY25, up 16.45% as agasint Rs 6,902.6 crore posted in Q2 FY24. The revenue growth was primarily driven by growth in global generics revenues. Meanwhile, the company's board approved fund infusion by way of investment in equity shares of Dr. Reddy's Laboratories LLC, Russia, a step-down wholly-owned subsidiary, upto an amount of Rs 600 crore. The fund will be used for working capital requirements. Mankind Pharma's consolidated net profit jumped 28.96% to Rs 659 crore during the quarter as compared with Rs 511 crore in Q2 FY24. Revenue increased 13.58% YoY to Rs 3,076 crore during the quarter. GAIL India 's consolidated net profit declined 16% to Rs 2,960 crore despite a 3.47% increase in revenue (excluding excise duty) to Rs 32,911.73 crore in Q2 FY25 over Q2 FY24.. Berger Paints India's consolidated net profit declined 7.53% to Rs 270 crore in Q2 FY25 as compared with Rs 292 crore in Q2 FY24. Revenue rose 0.28% YoY to Rs 2,775 crore during the quarter. Timken India reported 3.22% decline in consolidated net profit to Rs 90 crore despite of 10.41% increase in revenue to Rs 753 crore in Q2 FY25 over Q2 FY24. JK Tyre's consolidated net profit declined 43.77% to Rs 140 crore on 7.9% fall in revenue to Rs 3621 crore in Q2 FY25 over Q2 FY24.Powered by Capital Market - Live

Titan Company has granted 2,600 Performance Stock Units (PSUs) to the eligible employees of the Company and its Subsidiary under Titan Company Limited Performance Based Stock Unit Scheme 2023. Powered by Capital Market - Live

However, revenue from operations jumped 23.88% year on year (YoY) to Rs 12,268 crore in the quarter ended 30 September 2024. Total income (excluding bullion sale) for the quarter stood at Rs 12,458 crore, registering a growth of 24.2% on YoY basis. Profit before tax in the second quarter of FY24 stood at Rs 933 crore, down 26.01% from Rs 1,261 crore recorded in the corresponding quarter previous year. EBITDA slipped 14.7% to Rs 1,260 crore in Q2 FY25 as against Rs 1,477 crore posted in Q2 FY24. EBITDA margin reduced by 462 bps to 10.1% in the quarter ended 30 September 2024. EBIT stood at Rs 1,128 crore, down 17.5% YoY while EBIT margin declined by 458 bps to 9.1% posted in Q2 FY24. During the quarter, the company's income from jewellery business grew 26% YoY to Rs 10,763 crore in Q2 FY24. The India business grew 25% in the same period. EBIT at Rs 932 crore came at a margin of 8.7% for the quarter. During the quarter, in India, Tanishq opened 11 new stores (net), Mia added 12 and Zoya added 1 store respectively. Watches & wearables business recorded a total income of Rs 1,301 crore, up 19% compared with Q2 FY24. The domestic business grew 19% in the same period. EBIT came in at Rs 194 crore clocking a margin of 14.9% for the quarter. The company's analog segment reported a strong 26% revenue growth in Q2 FY25 compared to Q2 FY24, driven by the Titan brand, which saw a 32% increase in the same period. Consumer preference for premium brands was evident, with the Helios channel (international brand sales) experiencing a robust 43% retail growth year-on-year. However, the wearables segment saw a 13% decline in revenue compared to Q2 FY24, primarily due to a reduction in average selling prices. Additionally, the company expanded its retail footprint by opening a net total of 34 new stores in Q2 FY25, including 18 in Titan World, 14 in Helios, and 2 in Fastrack. EyeCare business recorded total income of Rs 201 crore in Q2 FY25 grew 7% over Q2FY24. Business recorded an EBIT of Rs 24 crore clocking a margin of 11.9% for the quarter. Frames and Lenses saw healthy growth in volumes. Sunglasses recorded a volume decline due to seasonality. International brand sales recorded a strong growth 53% over Q2FY24. Business increased its promotional activities leading to a double-digit growth in advertising compared to the same period last year. Division added 3 new stores (net) during the quarter in Titan Eye. The Emerging Businesses comprising of Indian Dress Wear (Taneira), Fragrances, Fashion Accessories (F&FA) recorded a total Income of Rs 106 crore for Q2 FY25 growing 14% compared to Q2 FY24. Taneira's sales grew 12% compared to Q2 FY24 mainly driven by growth from new stores. The brand opened 4 new stores during the quarter, taking the total store count to 81 stores covering 41 cities. The F&FA business grew 16% compared to Q2 FY24 (excluding the discontinued belts and wallets sub-segment, comparable growth was 33% in the same period). Within sub-segments, Fragrances (SKINN) grew 19% and Women's Bags (IRTH & Fastrack) grew 76% respectively compared to Q2 FY24. The Emerging Businesses together recorded a loss of Rs 29 crore for the quarter. Among subsidiaries, Caratlane Trading's total Income grew 28% to Rs 829 crore compared to Q2FY24 (excluding bullion and digi-gold sales). EBIT came in at Rs 58 crore for Q2FY25 clocking a margin of 7%. Caratlane added 11 new stores (net) in the quarter taking the total store count to 286 stores spread across 119 cities pan-India. Titan engineering & automation (TEAL) recorded a total income of Rs 196 crore in Q2 FY25, a growth of 56% compared to Q2 FY24. EBIT for the quarter came in at Rs 25 crore clocking a margin of 12.8%. The Automation Solutions (AS) business grew by 89% and the manufacturing services business grew 24% respectively compared to Q2 FY24. C K Venkataraman, MD, Titan Company, said, After a muted Q1, Q2 witnessed encouraging growth across key businesses. Jewellery clocked healthy doubledigit growth for the quarter. Our portfolio approach in this business of straddling diverse customer needs through the brands of Tanishq, Mia, Zoya and Caratlane is working well. The buyer growth metrics were fairly strong and in good double-digits across gold and studded product categories. The quarter also witnessed analog watches growing 25%+ over last year with commensurate uptick in volumes. Titan brand continues to be Indian consumer's proud choice in this segment. On account of the customs duty related losses, as well as the need to invest in growth of various businesses, the profitability of Q2 was quite depressed. However, we are quite confident about the competit iveness of each of our businesses and we remain optimistic about our performance for rest of the financial year. Titan Company, a joint venture between the Tata Group and the Tamilnadu Industrial Development Corporation (TIDCO), commenced its operations in 1987 under the name Titan Watches. In 1994, Titan diversified into Jewellery (Tanishq) and subsequently into EyeCare. The scrip rose 0.23% to settle at Rs 3,233.05 on the BSE. Powered by Capital Market - Live

Net profit of Titan Company declined 23.06% to Rs 704.00 crore in the quarter ended September 2024 as against Rs 915.00 crore during the previous quarter ended September 2023. Sales rose 25.82% to Rs 13473.00 crore in the quarter ended September 2024 as against Rs 10708.00 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales13473.0010708.00 26 OPM %9.1713.18 - PBDT1119.001396.00 -20 PBT948.001252.00 -24 NP704.00915.00 -23 Powered by Capital Market - Live

Titan Company will hold a meeting of the Board of Directors of the Company on 5 November 2024.Powered by Capital Market - Live