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### Titan Company Limited Q1 FY25 Financial Analysis

Lesson 101/223 | Study Time: 5 Min

Course: Top Quality Companies

#### Consolidated Q1 FY25 Sales & Profit Growth

- **Total Income:** ₹13,386 crores, an increase of 11.4% YoY.

- **Sale of Products/Services:** ₹12,223 crores, an increase of 12.6% YoY.

- **Profit Before Tax (PBT):** ₹973 crores, a decrease of 2.9% YoY.

- **Profit After Tax (PAT):** ₹715 crores, a decrease of 5.5% YoY

#### Segmental Growth

- **Jewellery:** Total Income ₹9,879 crores, an increase of 8.9% YoY. EBIT ₹1,103 crores with a margin of 11.2%

- **Watches & Wearables:** Total Income ₹1,021 crores, an increase of 14.7% YoY. EBIT ₹115 crores with a margin of 11.3%.

- **EyeCare:** Total Income ₹209 crores, an increase of 3.0% YoY. EBIT ₹20 crores with a margin of 9.6%.

- **Emerging Businesses:** Total Income ₹80 crores, an increase of 5.3% YoY. EBIT -₹26 crores with a margin of -32.5%.

- **International Business:** Total Income ₹380 crores, an increase of 91.1% YoY.

#### Profit Margins

- **Gross Contribution:** ₹3,050 crores, an increase of 10.7% YoY, with a margin of 24.8%.

- **EBITDA:** ₹1,367 crores, an increase of 10.3% YoY, with a margin of 11.1%.

- **EBIT:** ₹1,203 crores, an increase of 8.3% YoY, with a margin of 9.8%..

#### Highlights and Insights of Results

- Titan experienced robust growth across several segments, particularly in international markets and emerging businesses.

- Jewellery segment faced challenges due to high gold prices, election restrictions, few wedding dates, and extreme weather.

- Watches & Wearables and EyeCare segments showed healthy growth despite adverse conditions.

- The company is optimistic about longer-term benefits from the reduction of customs duty on gold imports from 15% to 6%.

#### About Titan

- **Establishment:** 1987, as Titan Watches Limited, diversified into Jewellery (Tanishq) in 1994, and subsequently into EyeCare.

- **Business Segments:** Jewellery, Watches & Wearables, EyeCare, Fragrances (SKINN), Indian Dress Wear (Taneira), and Fashion Accessories (IRTH).

- **Global Presence:** Operations in multiple countries with a strong retail network.

#### Industry Overview

- **Jewellery Industry:** Benefits from the reduction in customs duty on gold imports, impacting short-term inventory costs but positive long-term implications.

- **Watch Industry:** Continues to grow with significant contributions from the analog and wearable segments.

- **EyeCare Industry:** Consistent growth with a focus on expanding the retail network

#### Peer Group of Companies

- **Jewellery:** Kalyan Jewellers, Malabar Gold and Diamonds, Joyalukkas.

- **Watches:** Timex Group, HMT Watches, Fastrack.

- **EyeCare:** Lenskart, Specsmakers, GKB Opticals

#### Future Outlook

- **Growth Strategy:** Continued focus on market share gains across all business categories, leveraging the reduction in gold import duty.

- **Expansion:** Plans to expand the international footprint and enhance the digital and e-commerce channels.

- **Innovation:** Emphasis on new product launches, particularly in the premium and luxury segments

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