Titan Company (TITAN) Q4 24/25 earnings summary

Executive summary

• Delivered strong performance across segments and geographies, achieving 22% revenue growth in FY25 and surpassing ₹50,000 crore in annual revenues despite challenging gold prices and discretionary consumption pressures.

• Analog Watches, EyeCare, and Fragrances businesses delivered strong double-digit growth; international expansion and innovation contributed to robust results.

• Focus for FY26 is on market share expansion, adapting to evolving consumer needs, and execution excellence.

Financial highlights

• FY25 consolidated revenue rose 21.7% YoY to ₹57,818 crore; Q4FY25 revenue up 22.5% YoY to ₹14,049 crore.

• FY25 consolidated EBITDA grew 6.1% YoY to ₹6,180 crore; Q4FY25 EBITDA up 22.4% YoY to ₹1,653 crore.

• FY25 consolidated PAT declined 4.6% YoY to ₹3,337 crore; Q4FY25 PAT up 12.9% YoY to ₹871 crore.

• Dividend per share maintained at ₹11.00 for FY25; total payout ₹977 crore.

• Market capitalization stood at ₹2.72 lakh crore as of March 31, 2025.

Outlook and guidance

• Targeting healthy double-digit jewelry growth (15%-20%) for FY26, with all business segments aiming for further market share gains.

• EyeCare and international businesses expected to sustain double-digit growth; focus on premiumization and new product offerings.

• Plan to open 40-50 new Tanishq stores and renovate/expand 50-60 existing stores in FY26.