Conference Call with Titan Company Management and Analysts on Q1FY24 Performance and Outlook. Listen to the full earnings transcript.
Gems & Jewellery firm Titan Company announced Q1FY24 results: Consolidated Q1FY23 vs Q1FY24: Total Income: Rs 9,131 crore vs Rs 11,070 crore, up 21% YoY EBIT: Rs 1,137 crore vs Rs 1,111 crore, down 2% YoY PBT before exp items: Rs 1,072 crore vs Rs 1,002 crore, down 7% YoY PAT: Rs 790 crore vs Rs 756 crore, down 4% YoY Standalone Q1FY23 vs Q1FY24: Total Income: Rs 8,649 crore vs Rs 10,306 crore, up 19% YoY EBIT: Rs 1,121 crore vs Rs 1,103 crore, down 2% YoY PBT before exp items: Rs 1,066 crore vs Rs 1,024 crore, down 4% YoY PAT: Rs 793 crore vs Rs 777 crore, down 2% YoY C K Venkataraman, Managing Director of the Company stated: “The year has started well for us with double-digit revenue growth across business segments. The Jewellery business remained the star performer with a 19% growth on a YoY basis. We are pursuing market share gain across categories and investing in various capabilities and retail network expansion. Our international foray is also shaping up well. We remain optimistic about our performance for the rest of the financial year." Result PDF