Titan Co.'s board of directors recommended on Thursday a dividend of Rs 11 per share for financial year 2024–25, according to an exchange filing.
The company will pay out Rs 976 crore in dividends to nearly 8.55 lakh shareholders. It is set to pay or dispatch the dividend on or after the seventh day from the conclusion of the 41st annual general meeting.
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The dividend is subject to the approval of the shareholders of the company, it added.
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Titan had given a final dividend of Rs 11 for the financial year 2024, and of Rs 10 for financial year 2023.
Retail investors holding nominal share capital up to Rs 2 lakh own nearly 9% stake in Titan, pegging their share of dividend at Rs 87.6 crore.
Q4 Results
Titan's consolidated net profit rose 13% in the fourth quarter of financial year 2025, meeting analysts' estimates. The company saw a 19.4% in revenue, reaching Rs 14,916 crore, which exceeded the Bloomberg estimate of Rs 13,693.6 crore.
Before the quarterly results were declared, shares of Titan settled 0.69% higher at Rs 3,363.45 apiece on the BSE, compared to 0.51% decline in the benchmark Sensex. The scrip has risen 3.57% on a year-to-date basis and 3.36% in the last 12 months.
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