Conference Call with Titan Company Management and Analysts on Q2FY25 Performance and Outlook. Listen to the full earnings transcript.
Gems & Jewellery company Titan Company announced Q2FY25 results Standalone Financial Highlights: Operating Revenue: Rs 12,331 crore compared to Rs 9,905 crore during Q2FY24, change 24.5%. Total Income: Rs 12,458 crore compared to Rs 10,027 crore during Q2FY24, change 24.2%. EBITDA: Rs 1,260 crore compared to Rs 1,477 crore during Q2FY24, change -14.7%. EBITDA margin: 10.1% for Q2FY25. PAT: Rs 705 crore compared to Rs 940 crore during Q2FY24, change -25%. Consolidated Financial Highlights: Operating Revenue: Rs 13,538 crore compared to Rs 10,713 crore during Q2FY24, change 26.4%. Total Income: Rs 13,660 crore compared to Rs 10,837 crore during Q2FY24, change 26%. EBITDA: Rs 1,358 crore compared to Rs 1,535 crore during Q2FY24, change -11.5%. EBITDA margin: 9.9% for Q2FY25. PAT: Rs 704 crore compared to Rs 916 crore during Q2FY24, change -23.1%. C K Venkataraman, Managing Director, Titan Company, said: “After a muted Q1, Q2 witnessed encouraging growth across key businesses. Jewellery clocked healthy double-digit 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 consumers 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 competitiveness of each of our businesses and we remain optimistic about our performance for rest of the financial year” Result PDF