Titan Company Limited

TITAN

INE280A01028

Apparel & Accessories

Market Closed - Bombay S.E. Other stock markets 05:18:33 2025-12-05 am EST			5-day change	1st Jan Change
3,814.30 ^INR	+0.37%		-2.42%	+17.23%

Dec. 03	TeamLease Services Names Titan Executive as CEO	MT
Nov. 11	India's PC Jeweller posts profit rise as consumers shrug off higher gold prices	RE

India's Tata-owned Titan misses Q1 profit estimates on weak jewellery demand

Published on 08/02/2024 at 07:59 am EDT

Reuters

Titan Company Limited

+0.37%

India's Tata-owned Titan misses Q1 profit estimates on weak jewellery demand

BENGALURU (Reuters) - Indian jeweller and watchmaker Titan reported first-quarter profit below estimates on Friday as higher gold prices deterred demand.

The Tata group-owned company reported a 5% fall in consolidated profit to 7.15 billion rupees ($85.40 million) in the quarter ended June 30, from 7.56 billion rupees an year ago.

Analysts' on average expected a profit of 7.65 billion rupees, as per LSEG data.

($1 = 83.7250 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru; Editing by Sonia Cheema)

Latest news about Titan Company Limited

Dec. 03	TeamLease Services Names Titan Executive as CEO	MT
Nov. 11	India's PC Jeweller posts profit rise as consumers shrug off higher gold prices	RE
Nov. 07	Indian beauty retailer Nykaa posts more than three-fold profit jump on robust makeup demand	RE
Nov. 07	Nomura Adjusts Titan's Price Target to INR4,500 From INR4,275, Keeps at Buy	MT
Nov. 06	Emkay Global Upgrades Titan to Add from Reduce; Price Target is INR4,100	MT
Nov. 04	Indian financial markets closed on November 5 for holiday	RE
Nov. 04	Indian Equities Slip on Tuesday as Profit Booking, Weak Global Cues Bite	MT
Nov. 04	Jefferies Adjusts Titan's Price Target to INR3,950 From INR3,800, Keeps at Hold	MT
Nov. 04	Titan Company's Consolidated Profit Rises in Fiscal Q2	MT
Nov. 04	Indian shares drop as broader profit booking dampens earnings optimism	RE
Nov. 04	Titan Company Limited, Q2 2026 Earnings Call, Nov 04, 2025
Nov. 03	Indian stocks open flat; financials offset post-results gains in others	RE
Nov. 03	Titan Company Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2025	CI
Nov. 03	India's Titan beats quarterly profit forecast on high gold prices	RE
Nov. 03	Titan Co Q2 consol net profit 11.20 billion rupees	RE
Oct. 29	Titan Company Limited Announces Resignation of Ambuj Narayan as CEO of Indian Dress Wear Division,Effective January 5, 2026	CI
Oct. 28	Titan Co says Signature Jewellery becomes step-down subsidiary of Titan	RE
Oct. 09	Indian Equities Close Higher on Thursday on Metal, IT Stock Rally	MT
Oct. 08	Indian Equities Slip on Wednesday Ahead of Q2 Earnings	MT
Oct. 07	India equity benchmarks expected to continue uptrend on strong earnings prospects	RE
Oct. 07	Indian jeweller Titan posts slower sales as surge in gold prices dent demand	RE
Sep. 19	Titan Redeems INR10 Billion Crore Commercial Papers	MT
Sep. 17	Indian Equities Edge Higher on Wednesday as Trade Talks, Fed Rate Cut Expectations Lift Sentiment	MT
Aug. 29	Indian Shares Slip as US Tariffs, Foreign Outflows Pressure Markets	MT
Aug. 29	ICRA Keeps AAA Rating to Titan's Bank Financing; Outlook Stable	MT

Titan Company Limited specializes in the design, manufacture and marketing of watches, jewellery, eyewear and fashion accessories. Net sales break down by product family as follows: - jewellery items (88.5%): gold jewellery decorated with diamonds and precious stones, pure gold and platinum jewellery (Tanishq, Zoya, Mia, Carat Lane and Gold Plus brands); - watches (7.3%): sold under own brands (Titan, Fastrack, Sonata, Favre Leuba, Xylys and Nebula), and under license brands (Tommy Hilfiger, Police, FCUK, Annie Klein, Kenneth Cole and Esprit); - eyewear (1.7%): eyeglasses, sunglasses, frames, lenses and contact lenses (Titan Eye Plus, Titan, Fastrack and Glares brands). The balance of net sales (2.5%) concerns the distribution activities of perfumes (Skinn by Titan brand), saris (Taneira Sarees brand) and fashion accessories, as well as the manufacture of precision engineering products and industrial machinery. Products are marketed through a network of 1,909 exclusive stores located in India, over 7,000 multi-brand outlets and via the Internet. At the end of March 2021, the group had 11 production sites in India. India accounts for 99.5% of net sales.

Employees

9,191

Sector

Apparel & Accessories

Calendar

Dec. 10 - Investor Meeting - HDFC Asset Management

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