class="post-template-default single single-post postid-15134 single-format-standard wp-embed-responsive post-image-above-header post-image-aligned-center sticky-menu-fade right-sidebar nav-below-header separate-containers header-aligned-left dropdown-hover" itemtype="https://schema.org/Blog" itemscope>

Titan Q3 Results: Profit of Rs 1047 crore in December quarter, weakened results – Titan Q3 Results Net Profit Falls Marginally to Rs 1047 Crore Misses Estimates Estimates

Titan Q3 Results: Tata Group company Titan Limited has released the results of the third quarter of FY25 on 4 February today. In the October-December quarter, the company’s net profit decreased slightly to Rs 1047 crore. The company earned a profit of Rs 1053 crore in the same period of a year ago. Inventory losss increased due to the cut in custom duty on gold imports, affecting the company’s margin. The company’s shares saw a slight rise of 0.53 per cent today and this stock has closed at Rs 3599.15 on BSE.

Titan results weak by estimated

The total income of Titan Limited increased by 25.5 per cent to Rs 17,723 crore in Q3Fy25, while in Q3Fy24 it was Rs 14,122 crore. According to the 6 brokerage’s Moneycontrol Poll, the jewelery company’s revenue was expected to increase by 27.9 per cent to Rs 16688 crore. At the same time, the net profit was estimated at Rs 1159 crore. This means that the company’s results were weak by analysts estimates.

The company’s profit is more than Rs 704 crore recorded in the last September quarter. The standalone profit fell 4.9 per cent to Rs 990 crore. In the third quarter, Ebitda rose 2.8 per cent to Rs 1,641 crore, but the Ebitda margin fell by 210 basis points to 10.1 per cent in the third quarter, compared to 12.2 per cent last year.

What did Titan’s MD say on the results?

On the results, Titan’s managing director CK Venkatarman said, “Inventory (placed at the time of duty change), the loss related to custom duty has been completely recovered in this quarter and hence the profitability is low to that extent.” He hopes that the company will conclude the financial year with “good growth” compared to FY 2024.

How was the performance of different segments

Domestic jewelery business Sales increased by 25 per cent, sales increased by retailers or distributors (secondary sales) annually by 28%, mainly due to increase in consumer spending during festivals and increase in marriage related to marriage. The company said in a presentation given to investors that gold jewelery and coins remain a favorite option among consumers, both recorded a stronger of 27% compared to Q3Fy24.

Venkataraman said, “Jewelery saw its strongest quarter (so far) in the financial year, increased by over 25% at the retail level.” The total income of the unit during the quarter rose 26% to Rs 14,697 crore as compared to Q3Fy24. Tanishq opened 11 new stores during the quarter, while MIA added 13 stores to the domestic market.

Watch and Wireables Segment The total income was Rs 1,128 crore, which is 15 per cent higher than Q3Fy24. The company said that the analog segment recorded a strong growth of 20% compared to Q3Fy24, mainly due to the Titan brand, which recorded an 18% increase in the same period. The Wearables segment has declined by 20 per cent, with 8 per cent and 7 per cent decline in both the average selling price and volume.

ICARE SEGME The total income increased by 15 per cent to Rs 194 crore in Q3Fy25 as compared to the previous year. The company stated that in the product category, sunglass sales increased by 35% than others, while the sale of frames and lens increased mid-dobbal digit compared to Q3Fy24. Meanwhile, the emerging business associated with Indian Dress Wear, Fragrance, Fashion Accessories (F&P) recorded a total income of Rs 118 crore with an increase of 5% as compared to Q3Fy24.

Leave a Comment