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Titan Company reports 25% standalone revenue growth in Q2FY25

07 Oct 2024 Evaluate

Titan Company has clocked a standalone revenue growth of c.25% Year-on-Year (Y-O-Y) in Q2FY25. A total of 75 stores (net) were added during the quarter expanding Titan's combined retail network presence to 3,171 stores. 

Its jewellery domestic operations grew c.25% YoY in Q2 after a relatively soft Q1. Consumer demand significantly picked up momentum after the reduction in custom duty on gold imports from 15% to 6% leading to a strong double-digit uptick in gold (plain) for the quarter.

Watches & Wearables domestic business grew c.19% YoY. Revenue growth in Analog was around 25% YoY well supported by both volume and value growths. Premiumization theme continued to be a major driver across brands. 

EyeCare's domestic business grew c.6% YoY. The secondary sales growths were nearly similar with buyer growths growing marginally higher YoY. Titan Eye+ added 2 new stores (net) in India during the quarter.

In Emerging Businesses, Taneira's Revenue grew c.11% YoY. The brand opened 4 new stores during the quarter, two of them in the new cities of Indore and Prayagraj. The Fragrances & Fashion Accessories Revenue grew c.17% YoY. Within businesses, Fragrances grew by c.19% YoY and Fashion Accessories grew c.11% YoY.

Caratlane's business clocked c.28% YoY growth aided by activations and healthy growth in brand searches.

Titan Company is an Indian designer and manufacturer of watches, jewellery, precision engineering components and other accessories including sunglasses, wallets, bags and belts.

Titan Co Share Price

4221.90 -291.50 (-6.46%)
11-May-2026 10:50 View Price Chart
Peers
Company Name CMP
Titan Co 4221.90
Kalyan Jewell.India 389.85
Rajesh Exports 117.50
Senco Gold 333.70
Thangamayil Jeweller 4037.30
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