- Titan Company Ltd. reported a consolidated net profit of Rs 916 crore for the September quarter of FY24, marking a 9.7% increase from the same period in the previous financial year.
- The company experienced a 21.16% rise in profit from the previous quarter, reaching Rs 756 crore.
- Titan’s total consolidated revenue stood at Rs 12,529 crore, showing a significant growth of 36.73% compared to the same quarter in the previous year.
- Earnings before interest, tax, depreciation, and amortization (EBIDTA) reached Rs 1,355 crore, growing by 9.8%, though the EBIDTA margin decreased to 11.6% from 14.1% in the previous year.
- Titan’s strong performance in the jewelry business, supported by its gold exchange program and consumer offers, contributed to robust revenue growth, with a 19.1% YoY increase in Total Income in this segment.