Conference Call with Titan Company Management and Analysts on Q3FY25 Performance and Outlook. Listen to the full earnings transcript.
Gems & Jewellery company Titan Company announced Q3FY25 results Total Income: Rs 17,723 crore compared to Rs 14,122 crore during Q3FY24, change 25.5%. EBIT: Rs 1,627 crore compared to Rs 1,547 crore during Q3FY24, change 5.2%. EBIT margin: 9.2% for Q3FY25. PBT: Rs 1,396 crore compared to Rs 1,378 crore during Q3FY24, change 1.3%. PBT margin: 7.9% for Q3FY25. PAT: Rs 1,047 crore compared to Rs 1,053 crore during Q3FY24, change -0.6%. PAT margin: 5.9% for Q3FY25. CK Venkataraman, Managing Director, said: "The festive quarter gone by firmly established the FY25 growth trajectory after a muted Q1 and healthy Q2. Jewellery saw its strongest quarter (yet) for the fiscal year, growing well in excess of 25% at a retail level. Consumer preference for gold, both as adornment jewellery and as a store of value continued to remain fairly strong. Our analog watches clocked a healthy retail growth of 20%, reinforcing Titan's customer value proposition in the eyes of the consumer. EyeCare's retail growth returning to double-digits was encouraging. The custom duty related losses on the inventory (held at the time of the duty change) have been fully realized in this quarter and hence the profitability is lower to that extent. We are committed to investing in the growths of all our businesses and specifically the emerging ones to help them scale faster. We remain optimistic on our performance and hope to end the fiscal year with a good growth over FY24." Result PDF