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

The key equity indices traded with limited losses in early afternoon trade. The Nifty traded below the 24,950 mark after hitting day's high of 25,143 in early trade. Media shares extended losses for the third consecutive trading session. At 12:30 IST, the barometer index, the S&P BSE Sensex was down 167.98 points or 0.21% to 81,515.63. The Nifty 50 index fell 92.95 points or 0.37% to 24,921.65. The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index slipped 1.56% and the S&P BSE Small-Cap index tumbled 2.61%. The market breadth was weak. On the BSE, 624 shares rose and 3,317 shares fell. A total of 124 shares were unchanged. Economy: According to the data released by the Reserve Bank of India (RBI) on Friday, India's forex reserves were at $704.89 billion, having risen by $12.6 billion in the week through Sept. 27 in their biggest weekly increase since mid-July 2023. According to the Weekly Statistical Supplement released by the RBI, Foreign currency assets (FCAs) were up by $10.4 billion to $616 billion. Gold reserves reported a surge of $2 billion to $65.7 billion. Meanwhile, SDRs for the week rose marginally by $8 million to stand at $18.547 billion. Reserve position in the IMF dipped by $71 million to $4.3 billion. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, jumped 4.49% to 14.76. The Nifty 31 October 2024 futures were trading at 25,121.20, at a premium of 199.55 points as compared with the spot at 24,921.65. The Nifty option chain for the 31 October 2024 expiry showed maximum Call OI of 35.3 lakh contracts at the 25,500 strike price. Maximum Put OI of 35.7 lakh contracts were seen at 24,000 strike price. Buzzing Index: The Nifty Media index added 1.94% to 2,030.75. The index tumbled 6.53% in three consecutive trading sessions. Network 18 Media & Investments (down 4.99%), TV18 Broadcast (down 3.9%), Nazara Technologies (down 3.49%), Zee Entertainment Enterprises (down 3.32%), Dish TV India (down 3.27%), Hathway Cable & Datacom (down 2.94%), Saregama India (down 2.21%), PVR Inox (down 1.93%) and Sun TV Network (down 1.78%) edged lower. Stocks in Spotlight : Titan Company fell 2.25%. The Tata Group company reported standalone revenue growth of 25% in second quarter of FY25. The firm also launched 75 new outlets during the quarter, taking its total retail network to 3,171 stores. Bank of India slipped 2.86%. The bank informed that its domestic deposits increased 12.34% to Rs 6,72,731 crore as on September 2024 compared with Rs 5,98,850 crore posted in September 2023. Metropolis Healthcare shed 0.82%. The healthcare service provider said that its revenue jumped around 13% year on year (YoY) in the quarter ended 30 September 2024. Powered by Capital Market - Live

The domestic equity benchmarks traded with modest gains in early trade. The Nifty traded above the 25,050 mark.IT, realty and FMCG shares advanced while oil & gas, metal and consumer durables stocks declined. At 09:30 IST, the barometer index, the S&P BSE Sensex rose 215.26 points or 0.27% to 81,912.37. The Nifty 50 index added 63.75 points or 0.25% to 25,078.35. In the broader market, the S&P BSE Mid-Cap index rose 0.26% and the S&P BSE Small-Cap index added 0.16%. The market breadth was positive. On the BSE, 1,797 shares rose and 1,238 shares fell. A total of 166 shares were unchanged. Foreign portfolio investors (FPIs) sold shares worth Rs 9,896.95 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 8,905.08 crore in the Indian equity market on 4 October 2024, provisional data showed. Economy: According to the data released by the Reserve Bank of India (RBI) on Friday, India's forex reserves were at $704.89 billion, having risen by $12.6 billion in the week through Sept. 27 in their biggest weekly increase since mid-July 2023. According to the Weekly Statistical Supplement released by the RBI, Foreign currency assets (FCAs) were up by $10.4 billion to $616 billion. Gold reserves reported a surge of $2 billion to $65.7 billion. Meanwhile, SDRs for the week rose marginally by $8 million to stand at $18.547 billion. Reserve position in the IMF dipped by $71 million to $4.3 billion. Stocks in Spotlight: Titan Company shed 0.67%. The company reported a standalone growth of 25% year-on-year. During the quarter, it added a net total of 75 stores. The jewellery segment experienced a 26% year on year rise, and the Carat Lane business recorded a 28% YoY growth. IndusInd Bank rose 0.02%. The bank's net advances jumped 13% YoY to Rs 3.57 lakh crore in Q2 FY25. Its deposits increased 15% to Rs 4.13 lakh crore in second quarter ended September 2024. Retail deposits and deposits from small business customers amounted to Rs 1.81 lakh crore as of 30 September 2024 as compared with Rs 1.74 lakh as of 30 June 2024. Macrotech Developers rallied 3.29% after the company's pre-sales jumped 21% to Rs 4,290 crore in Q2 FY25 as compared with Rs 3,530 crore in Q2 FY24. Numbers to Track: The yield on India's 10-year benchmark federal paper advanced 1.78% to 6.951 as compared with previous close 6.829. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 83.9700, compared with its close of 83.9900 during the previous trading session. MCX Gold futures for 4 December 2024 settlement shed 0.19% to Rs 75,995. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.02% to 102.50. The United States 10-year bond yield fell 0.25% to 3.971. In the commodities market, Brent crude for December 2024 settlement lost 33 cents or 0.42% to $77.72 a barrel. Global Markets: Asian stocks climbed, and the dollar strengthened against the yen on Monday. This followed strong U.S. job growth data, which eased recession concerns and reduced expectations for interest rate cuts. Short-term U.S. Treasury yields rose after the non-farm payrolls report showed more jobs added than expected in September. Crude oil prices declined slightly despite ongoing tensions in the Middle East. U.S. stocks rallied on Friday after the positive job report boosted investor confidence in the economy. The S&P 500 rose 0.9%, while the Nasdaq Composite jumped 1.22%. The Dow Jones Industrial Average added 0.81%, to notch an all-time closing high of 42,352.75. Technology stocks like Tesla, Amazon, and Netflix led the gains, while financial stocks also performed well. Data showed nonfarm payrolls grew by 254,000 jobs in September, far outpacing the forecasted gain of 150,000. The unemployment rate ticked down to 4.1% despite expectations for it to hold steady at 4.2%. Powered by Capital Market - Live

Titan Company has fully redeemed the Commercial Papers (CPs) of Rs 600 crore issued on 15 July 2024. The maturity proceeds of the CPs have been duly paid to all the holders today.Powered by Capital Market - Live