Jeweller and watchmaker Titan Ltd on May 8 reported net profit of Rs 870 crore for the quarter ended March 31, 2025, an increase of 11% from Rs 786 crore in the year-ago period, thus beating estimates.
The Tata-group company's consolidated revenue rose 20 per cent to Rs 13,477 crore in the March quarter as against Rs 11,257 crore in Q4FY24, boosted by strong sales in the jewellery and watches segments. The company declared dividend of Rs 11 per share.
According to a Moneycontrol poll of six brokerages, the Caratlane parent was expected to report a 14.6 percent revenue growth at Rs 12,904 crore and net profit was pegged at Rs 824 crore.
"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 R 50,000+ crores of revenues for the full year," said C K Venkataraman, managing director.
Also read: Titan says MD Venkataraman to retire by year-end, Ajoy Chawla announced as his successor
On May 8, Titan's shares on BSE closed 0.2% higher at Rs 3,345 apiece.
"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.
In Q4, EBIT grew by 23 per cent YoY to R 1,470 crores, while PBT growth was 23 per cent YoY to R 1,218 crores, the company said in a press statement.
Segment results
The jewellery business which houses brands including Tanishq, Mia & Zoya, saw total income grow 25 per cent to Rs 11,232 crores in the March quarter. The domestic India business grew 23 per cent to Rs 10,845 crore during the same period driven by a 30 per cent growth in gold jewellery and coins (together)
and 12 per cent growth in studded jewellery, Titan 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 company said adding that high gold prices, however, are continuing to weigh on consumer sentiment
in the near term.
Watches & wearables business saw total income jump 20 per cent to Rs 1,126 crores in the quarter, with premium brands like Titan, Xylys, Raga and international brands (via Helios channel), l growing in double-digits. "Affordable fashion segments are seeing a resurgence on the back of recent product offerings," the company said.
Meanwhile, eyecare segment posted a 16 per cent total income to Rs 193 crore in the quarter, with sunglasses sales outpacing others growing by 52 per cent in the same period
The emerging businesses comprising of Indian dress wear ('Taneira’), fragrances, fashion accessories ('F&FA’) recorded a total Income of Rs 102 crores for Q4FY25 growing 5% over Q4FY24
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