May 06, 2024

Decoding the Earnings Report of Titan Company

Titan Company

Hello, finance enthusiasts!

Titan Company, a significant player in lifestyle product industries, recently released its financial results for the fourth quarter of fiscal year 2024. This blog aims to break down the key figures from the earnings report and help you understand the financial health and operational efficiency of Titan Company.

Financial Performance Overview

In Q4FY24, Titan Company recorded a robust income growth of 22% on a consolidated basis, reaching ₹11,472 crores compared to ₹9,419 crores in Q4FY23. This growth signifies an expanding market presence and increased consumer demand across its diverse portfolio.

Key Financial Metrics

  1. Total Income
    • Quarterly: Grew by 21.8% to ₹11,472 crores in Q4FY24 from ₹9,419 crores in Q4FY23.
    • Yearly: For FY24, total income increased by 22.8%, totaling ₹47,501 crores compared to ₹38,675 crores in FY23.

  2. Earnings Before Interest & Tax (EBIT)
    • Quarterly: EBIT increased by 10% to ₹1,192 crores in Q4FY24 from ₹1,084 crores in Q4FY23.
    • Yearly: Yearly EBIT grew 10.4%, reaching ₹5,242 crores in FY24.

  3. Profit Before Tax (PBT)
    • Quarterly: PBT was relatively flat, showing a minor increase from ₹988 crores in Q4FY23 to ₹991 crores in Q4FY24, influenced by the financial costs of the CaratLane acquisition and ESOP-related expenses.
    • Yearly: PBT increased by 4% to ₹4,623 crores in FY24.

  4. Profit After Tax (PAT)
    • Quarterly: PAT grew by 4.8% to ₹771 crores in Q4FY24 from ₹736 crores in Q4FY23.
    • Yearly: PAT saw a 6.8% increase year-over-year, amounting to ₹3,496 crores in FY24.

Analyzing the Margins

The slight reduction in profit margins, as indicated by the basis points (bps) decrease, suggests higher operational costs or investments, which could impact profitability despite higher revenue growth.

The financial figures in Titan Company’s Q4FY24 earnings report reveal significant growth in revenue, demonstrating the company's strong market performance and expansion strategy. However, the flat growth in PBT and slight decreases in margin percentages indicate areas where costs and investments are affecting bottom-line growth. These insights can guide investors and stakeholders in making informed decisions regarding their interests in Titan Company.




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