Tata Group firm Titan Limited reported a 5 percent rise in consolidated net profit at Rs 771 crore ($92.5 million) for the fourth quarter ended March 31, as against Rs 736 crore in the year-ago period.
The company’s revenue for the quarter rose to Rs 11,472 crore, as against Rs 9,419 crore reported in the fourth quarter of the previous fiscal year.
For the financial year 2024, Titan reported a net profit of Rs 3,496 crore while its total income for the year stood at Rs 47,501 crore.
Commenting on the results, CK Venkataraman, managing director of Titan Ltd in a statement said, “FY24 was yet another satisfying year for Titan. Our jewellery business continued to grow in prominence achieving a proud milestone of Rs 40,000 crore in consumer sales. Our wearables business is making good strides contributing to the ambitious growth targets that the business has embarked upon.”
“As we look forward to FY25, all businesses of Titan Company Limited are single-mindedly continuing to focus on satisfying the ever-evolving needs of our lifestyle consumers,” he added.
Titan Ltd ended the financial year 2024 with a retail network presence of 3,035 stores across all its divisions that include jewellery, watches, eyewear, apparel, and more.
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