Titan Q3 Results: Profit Meets Estimates, Revenue Rises 25%
The margin narrowed to 9.4% versus 11% in the year-ago period.
Titan Co.'s consolidated net profit declined marginally in the third quarter of the current financial year, meeting analysts' estimates.
The luxury products manufacturer's profit fell to Rs 1,047 crore in the October-December period, according to an exchange filing on Tuesday. Analysts tracked by Bloomberg had shared a consensus estimate of Rs 1,097 crore.
Titan Q3 FY25 Highlights (Consolidated, YoY)
Revenue up 25% to Rs 17,740 crore versus Rs 14,164 crore (Estimate: Rs 17,476 crore).
Ebitda up 7% to Rs 1,674 crore versus Rs 1,565 crore (Estimate: Rs 1,704 crore).
Margin at 9.4% versus 11% (Estimate: 9.8%).
Net profit down 1% to Rs 1,047 crore versus Rs 1,053 crore (Estimate: Rs 1,097 crore).
Titan's jewellery segment saw a 26% growth in total income to Rs 14,697 crore. The watches and wearables segment recorded a total income of Rs 1,128 crore, up 15%.
The eye care segment experienced a 16% increase in total income, amounting to Rs 194 crore. Titan's emerging business ventures reported a total income of Rs 118 crore, growing 5% over the same period last year.
The international jewellery business witnessed a substantial growth of 64% in total income, reaching Rs 569 crore, while Caratlane's total income grew 27% to Rs 1,117 crore.
