Titan Company Ltd's Q3FY25 Quarter Results
- 05 Feb 2025
Result Summary
- Titan Company Ltd reported a 21.9% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 25.0%.
- Its expenses for the quarter were up by 20.2% QoQ and 27.5% YoY.
- The net profit increased 48.7% QoQ and decreased 0.6% YoY.
- The earnings per share (EPS) of Titan Company Ltd stood at 11.8 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 17868.00 | 14656.00 | 14300.00 | 21.9% | 25.0% |
Total Expenses | 16472.00 | 13709.00 | 12922.00 | 20.2% | 27.5% |
Profit Before Tax | 1396.00 | 947.00 | 1378.00 | 47.4% | 1.3% |
Tax | 349.00 | 244.00 | 325.00 | 43.0% | 7.4% |
Profit After Tax | 1047.00 | 704.00 | 1053.00 | 48.7% | -0.6% |
Earnings Per Share | 11.80 | 7.90 | 11.90 | 49.4% | -0.8% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Titan Company Ltd is a prominent player in the consumer goods sector, primarily known for its leadership in the watch and jewelry segments. As a Tata Group company, Titan has established itself as a household name in India, offering a diverse range of products including watches, jewelry, eyewear, and accessories. The company operates through various well-known brands such as Tanishq, Titan Eye+, and Fastrack. Titan has been expanding its presence both domestically and internationally, focusing on enhancing its product offerings and reaching a wider audience. Although specific recent developments are not provided in the current dataset, Titan's strategy often includes innovation in product design and expansion of its retail network.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), Titan Company Ltd reported a total income of ₹17,868 crores. This marks a significant increase of 21.9% quarter-over-quarter (QoQ) compared to the previous quarter (Q2FY25), where the total income stood at ₹14,656 crores. Year-over-year (YoY), the total income grew by 25.0% from ₹14,300 crores in Q3FY24. This growth in revenue suggests an upward trend in the company's sales performance over the past year, reflecting possibly increased consumer demand and effective sales strategies. The increase in revenue compared to the previous quarters indicates a positive shift in the company's financial trajectory.
Profitability
During Q3FY25, Titan Company Ltd achieved a profit before tax of ₹1,396 crores, which represents a 47.4% QoQ increase from ₹947 crores in Q2FY25. Compared to the same quarter in the previous year (Q3FY24), where the profit before tax was ₹1,378 crores, there is a modest YoY increase of 1.3%. The profit after tax for Q3FY25 amounted to ₹1,047 crores, showing a 48.7% increase QoQ from ₹704 crores in Q2FY25, but a slight decrease of 0.6% YoY from ₹1,053 crores in Q3FY24. The company's earnings per share (EPS) were reported at ₹11.80 for Q3FY25, up 49.4% QoQ from ₹7.90 in Q2FY25, yet down 0.8% YoY from ₹11.90 in Q3FY24. These figures reflect a substantial improvement in quarterly profitability, although the YoY comparison shows marginal change.
Operating Metrics
The total expenses incurred by Titan Company Ltd in Q3FY25 were ₹16,472 crores, marking an increase of 20.2% QoQ from ₹13,709 crores in Q2FY25. On a YoY basis, the total expenses increased by 27.5% from ₹12,922 crores in Q3FY24. This rise in expenses is consistent with the increase in revenue, indicating that operating costs have also grown over the period. The tax expense for Q3FY25 was ₹349 crores, reflecting a 43.0% QoQ increase from ₹244 crores in Q2FY25, and a 7.4% YoY increase from ₹325 crores in Q3FY24. These metrics suggest that while the company has experienced growth in income, there has also been a proportional rise in expenses and taxes.
