Titan records strong growth of 21% in Q2

Jan 08, 2024

3 1Titan Company Limited (Titan), India’s leading consumer lifestyle Company, announced its results for the quarter and half year ended 30th September 2023. Titan (Standalone) recorded an income growth of 21% in Q2FY24 compared to Q2FY23. The corresponding PBT at, 1,261 crores was higher by 9% compared to, 1,155 crores achieved in Q2FY23.

At the Jewellery front, total Income on: 8,575 crores recorded an increase of 19% compared to Q2FY23. The India business grew by 21% in the same period led by ‘Festival of Diamonds’ (studded activation), Tales of Mystique collection, Rivaah X Tarun Tahiliani collection and well accompanied by regional campaigns.

The Business witnessed healthy double-digit growths in both buyers and average bill value per buyer during this period. EBIT came in at, 1,206 crores clocking an EBIT margin of 14.1% for Q2FY24 helped by better studded share in the portfolio.

Tanishq expanded its presence in Gulf Co-operation Countries (GCC) to enter Qatar with 2 new stores in Doha. Tanishq’s international presence now stands at 10 stores including the one store in New Jersey, USA. Zoya entered the state of Gujarat by opening its first store at Palladium mall, Ahmedabad during the quarter. With this expansion, the niche luxury jewellery brand is now present in 8 stores spread across the cities of Mumbai, New Delhi, Bengaluru, Gurgaon, Hyderabad, and Ahmedabad.

CK Venkataraman, Managing Director of the Company stated that, “All our consumer businesses achieved healthy growth for the quarter. The Watches and Wearables business crossed quarterly revenues of, 1,000+ crores, an important milestone in their journey.

Jewellery business continued to shine well growing nearly 27% in consumer sales over last year. The store expansions in key markets are progressing well. We retain our focus on improving market share by offering differentiated products to our consumers touching their everyday lives in a meaningful way. The festive season in Q3 has started well and we are optimistic for our performance in the rest of the financial year.”

You May Also Like

Facebook Feeds

Cover for Heera Zhaveraat
98,168
Heera Zhaveraat

Heera Zhaveraat

Offical Facebook account of heerazhaveraat.com, homepage for Trade News, Articles and Promotion of D

This message is only visible to admins.
Problem displaying Facebook posts.
Click to show error
Error: No posts available for this Facebook ID

Twitter Feeds

hank you SriSriDurgaPooja Bengaluru team for the kind invitation. Blessed to witness Maa Durga Darshan at Bannappa Park, Cubbonpet. Wishing all a joyous Navratri, Durga Pooja & Dusshera. 🌸🙏
– Dr. Chetan Kumar Mehta, CMD, Laxmi Diamonds Bengaluru

hank you SriSriDurgaPooja Bengaluru team for the kind invitation. Blessed to witness Maa Durga Darshan at Bannappa Park, Cubbonpet. Wishing all a joyous Navratri, Durga Pooja & Dusshera. 🌸🙏
– Dr. Chetan Kumar Mehta, CMD, Laxmi Diamonds Bengaluru

The man. The myth. The legend. Immortalized in platinum—rare, resilient & timeless.
The MS Dhoni Signature Edition by Men of Platinum is a tribute to his legacy.
Explore: http://www.menofplatinum.com
#MSDhoni #MenofPlatinum #PlatinumJewellery #MSDhoniSignatureEdition

Save the Date! ✨ JGTD – Jewellery, Gem & Technology in Dubai
📅 Nov 11–13, 2025 | 📍Dubai Exhibition Centre
Discover world-class jewellery, gems & tech innovations.
👉 https://www.jgtdubaijewelleryshow.com/en?utm_source=link&utm_medium=social&utm_campaign=HZ_jgtd25

Load More

HZ is the Official Supporter of :

Member Of

Founder Member Of