Titan Q4 FY25 Earnings
Titan Limited, a leading jewelry and watchmaker, reported a net profit of ₹870 crore for the quarter ending March 31, 2025, on May 8. This marks an 11% increase from ₹786 crore in the same quarter last year, surpassing market expectations.
The Tata Group company’s consolidated revenue rose 20% to ₹13,477 crore in the March quarter, up from ₹11,257 crore in Q4 FY24, driven by robust sales in jewelry and watches. The company also declared a dividend of ₹11 per share.
According to a RCX TRADER poll of six brokerages, analysts had anticipated revenue of ₹12,904 crore (a 14.6% year-on-year growth) and a net profit of ₹824 crore.
Managing Director C.K. Venkataraman commented, *“While FY25 saw several external events impacting businesses differently, Titan’s divisions delivered another strong year with 22% revenue growth. This helped the company cross the impressive milestone of ₹50,000+ crore in annual revenue.”
( Source: Yahoo Finance )
On May 8, Titan’s shares closed 0.2% higher at ₹3,345 per share on the BSE.
Venkataraman added, “As we look toward FY26, Titan’s businesses remain focused on expanding market share in their respective categories and meeting the evolving needs of consumers.”
In a press release, the company noted that Q4 EBIT (Earnings Before Interest and Taxes) grew 23% year-on-year to ₹1,470 crore, while PBT (Profit Before Tax) rose 23% to ₹1,218 crore.
Jewelry Business Shines
Revenue from Titan’s jewelry division (home to brands like Tanishq, Mia, and Zoya) surged 25% to ₹11,232 crore in the March quarter. The domestic India business grew 23% to ₹10,845 crore, fueled by a 30% jump in gold jewelry and coins and a 12% rise in studded jewelry sales.
“Despite soaring gold prices, we saw increased buyer interest in studded jewelry and gold coins. Solitaires also performed well due to higher demand, even with lower carat weights,” the company stated. However, it cautioned that high gold prices may continue to pressure consumer sentiment in the near term.
Watches & Wearables Gain Momentum
The watches and wearables segment posted a 20% revenue growth to ₹1,126 crore, driven by premium brands like Titan, Zylys, and Raga, as well as international brands sold through Helios channels. “Recent product launches have revived momentum in the affordable fashion segment,” Titan highlighted.
Eyewear and Emerging Segments
Sales of sunglasses increased 52%, while the eyewear division (iCare) reported a 16% increase in revenue to ₹193 crore. In Q4 FY25, emerging businesses such as fashion accessories (F&F), fragrances, and Indian ethnic clothing (Taneira) rose 5% year over year to ₹102 crore.
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