Now Reading: Titan Q1 net profit jumps 63% to Rs 1,777 crore, beats estimates
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Titan Q1 net profit jumps 63% to Rs 1,777 crore, beats estimates
Titan Q1 net profit jumps 63% to Rs 1,777 crore, beats estimates
Titan Company reported a 63% year-on-year jump in consolidated net profit to Rs 1,777 crore for the June quarter, beating analyst estimates of Rs 1,392 crore. Revenue figures differ across sources: Livemint…
The Story in Brief
Titan Company reported a 63% year-on-year jump in consolidated net profit to Rs 1,777 crore for the June quarter, beating analyst estimates of Rs 1,392 crore. Revenue figures differ across sources: Livemint reports revenue from operations rose 40% to Rs 20,787 crore, while NDTV Profit says consolidated revenue grew 29% to Rs 21,356 crore. The jewellery segment, contributing over 80% of revenue, grew 30-43% year-on-year, with Tanishq, Mia, and Zoya together up 38% and CaratLane up 40%.
EBITDA climbed 57-58% to Rs 2,890-3,036 crore, with margin expanding to 13.5-14.1% from 11.1%. The watches business revenue rose 21% to Rs 1,543 crore, eyewear grew 21% to Rs 289 crore, and Titan Engineering & Automation revenue surged 43% to Rs 438 crore. The company added 34 net stores during the quarter.
The Indian Opinion
Titan's headline numbers look stellar, but the revenue mismatch between Livemint and NDTV Profit (Rs 20,787 crore vs Rs 21,356 crore) needs clarifying, likely a definitional difference (with or without bullion). The jewellery division's strong growth masks a risk: high gold prices may eventually cool demand. Investors must watch whether the company can sustain margin expansion without resorting to heavy discounting. The next quarter's same-store sales growth will be the real test.
Sources (3): livemint.com, ndtvprofit.com, ndtvprofit.com (2)
This story was synthesised by AI from the 3 sources linked above.
Updated: this story now draws on 3 sources.
