Titan Q2 preview: Consolidated revenue expected at Rs 14,430 crore, PAT seen rising to Rs 1,080 cr

Titan Company, portion of the Tata Group, is acceptable to merchandise its Q2FY25 results today, with marketplace anticipation precocious for beardown year-over-year maturation figures crossed its segments.

According to Zee Business estimates, Titan is projected to study a consolidated gross of Rs 14,430 crore, marking a 15 per cent summation from Rs 12,530 crore successful Q2FY24.

Additionally, EBITDA is expected to emergence 16.4 per cent to Rs 1,640 crore, improving margins somewhat to 11.4 per cent from 11.3 per cent. PAT is anticipated to turn by 18.4 per cent year-over-year to Rs 1,080 crore.

Segmental show and store expansion

Titan's standalone show for Q2FY25 is estimated to bespeak a robust 25 per cent growth, with jewellery starring astatine 26 per cent, followed by watches astatine 19 per cent, eyewear astatine 6 per cent, and emerging businesses astatine 14 per cent. The CaratLane division, specifically, is expected to person grown by 28 per cent year-over-year. Additionally, Titan has expanded its retail footprint, adding a nett full of 75 stores, which brings the company’s full to 3,171 outlets. The caller chopped successful customs work has notably boosted short-term demand, enhancing income successful Titan’s halfway segments.

Impact of One-Time Inventory Loss and Exceptional Charges

Analysts, including Kotak Institutional Equities, foresee a one-time inventory nonaccomplishment estimated astatine Rs 325 crore owed to the interaction of the customized work cut. This is portion of a broader inventory adjustment, which could impact an exceptional complaint estimated astatine Rs 3,250 crore. For Q2FY25, standalone jewellery income are projected to turn astir 21 per cent, excluding bullion. However, the jewellery EBIT borderline whitethorn look an 80 ground points diminution year-over-year, influenced by a 3 per cent driblet successful studded jewellery’s share, with continued pricing adjustments successful the golden and diamond segments. 

As of aboriginal trading connected November 5, Titan shares person shown flimsy gains, but the banal remains down implicit 11 per cent year-to-date, reflecting ongoing pressures contempt beardown operational performance. Investors volition intimately ticker however today’s net announcement aligns with the market’s projections.