Overview
- Titan reported consolidated net profit of Rs 1,684 crore with revenue from operations around Rs 25,416 crore, up about 43% year on year.
- The jewellery segment excluding bullion and digi-gold grew 42% to Rs 22,517 crore, with India jewellery income at Rs 21,458 crore and Tanishq, Mia and Zoya collectively up 40%.
- Watches and wearables posted Rs 1,295 crore in total income, up roughly 14%, while EyeCare rose about 18% to Rs 231 crore in the quarter.
- CaratLane revenue climbed 42% to Rs 1,537 crore with EBIT up 53% and margin expansion to 13%, supported by festive promotions and higher ticket sizes.
- The company added 49 jewellery stores in Q3, including two new Tanishq outlets in Boston and Orlando, as shares hit a record intraday high of Rs 4,329 and valued Rekha Jhunjhunwala’s 5.31% stake at about Rs 20,000 crore.