Titan Shines with 36.7% Revenue Growth and 9.7% Profit Rise in Q2FY24

6 Nov 2023 , 11:45 AM

Titan achieved significant growth in revenue and profits during the July-September quarter. The company’s stock has seen a remarkable 13 % increase over the past three months, outperforming the benchmark Sensex, which declined by 2 % during the same period.

In Q2FY24, Titan’s consolidated net profit increased by 9.7 % compared to the previous year, driven by a robust revenue growth of 36.7 % year-on-year (YoY). Various segments, including watches, wearables, jewelry, and eyecare, contributed to the strong performance in the September quarter.

Titan’s jewelry business revenue saw a substantial 23.3 % YoY growth, while watchables and wearables, as well as eyecare, showed impressive growth of 31.6 % and 13.2 % YoY in Q2FY24, respectively.

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