Titan’s shares went up by 3.2% after the company announced a 13% increase in its profit for the fourth quarter of FY25, reaching ₹871 crore. Its revenue from operations grew by 23.76%, reaching ₹13,897 crore in the fourth quarter of FY25 compared to the same period last year.
The company’s profit before tax (PBT) was ₹1,218 crore, which is a 22.91% rise compared to the previous year. EBIT (Earnings Before Interest and Taxes) also increased by 23.4%, reaching ₹1,470 crore. The EBIT margin stood at 10.5%, slightly higher than last year’s 10.4%.
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Jewellery Business Performs Strongly
Titan’s Jewellery division, which includes brands like Tanishq, Mia, and Zoya, saw a 25% growth in revenue, reaching ₹11,232 crore. The Indian market saw a 23% increase in sales, with gold jewellery and coins growing by 30%, and studded jewellery by 12%. Tanishq also expanded internationally with new stores in Sharjah (UAE), Atlanta, and Santa Clara (USA), bringing their international store count to 23.
Watches and Wearables Show Strong Growth
Titan’s Watches and Wearables business recorded ₹126 crore in revenue, a 20% increase from last year. Domestic sales grew by 18%, driven by strong sales in analog watches. The Fastrack brand showed exceptional growth, with a 44% increase in sales. The company also opened new stores for Titan World, Helios, and Fastrack.
Eyecare Business Sees Growth
The Eyecare division, which includes Titan Eye+, grew by 16%, reaching ₹192 crore. The international sales grew by 47%, with sunglasses seeing the highest growth at 52%. Titan Eye+ also opened new stores in the UAE.
Emerging Businesses Perform Mixed
Titan’s emerging businesses, including Taneira (Indian Dress Wear), Fragrances, and Fashion Accessories, reported a 5% growth, reaching ₹102 crore. However, Taneira’s sales were down by 4%. The company also faced a loss of ₹137 crore from these businesses. SKINN, Titan’s fragrance brand, opened its first experiential store in Mumbai, and Taneira closed one store.
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Annual Performance
On a full-year basis, Titan’s net profit dropped by 4.55%, amounting to ₹3,337 crore for FY25. However, the company’s revenue rose by 22.23%, reaching ₹57,143 crore.
Future Outlook
C K Venkataraman, managing director of Titan, said the company had a strong year despite external challenges. Titan is focusing on expanding its market share and meeting the evolving needs of its customers. The Eyecare business is expected to grow further in FY26, and the company is making progress in expanding internationally in North America and the GCC regions.
Dividend Announcement
Titan’s board of directors has recommended a dividend of ₹11 per share, which will be paid after approval at the upcoming annual general meeting (AGM).
Titan, a joint venture between the Tata Group and the Tamil Nadu Industrial Development Corporation (TIDCO), has seen continuous growth, particularly in its Jewellery and Eyecare businesses.
