Google trend - Titan Q4 Results

Titan Q4 Results - 10 things to know with detail

• Revenue: Titan Company Limited, a leading Indian luxury goods company, reported a 27% increase in revenue for the fourth quarter of fiscal year 2021. The company's revenue stood at Rs 7,135 crore, up from Rs 5,613 crore in the same period last year.
• Net Profit: Titan's net profit for the fourth quarter increased by 70% to Rs 568 crore, compared to Rs 334 crore in the previous year. The company attributed this growth to strong demand for its products across all categories.
• Jewelry Segment: Titan's jewelry segment, which includes brands like Tanishq, Mia, and Zoya, saw a 36% increase in revenue during the fourth quarter. The company noted that the demand for jewelry remained strong, driven by festive and wedding season sales.
• Watches Segment: The watches segment also performed well, with a 21% increase in revenue during the fourth quarter. Titan's watch brands, including Titan, Sonata, and Fastrack, continued to attract customers with their innovative designs and affordable pricing.
• Eyewear Segment: Titan's eyewear segment reported a 14% increase in revenue for the fourth quarter, driven by the growing demand for prescription eyewear and sunglasses. The company's eyewear brands, like Titan Eyeplus and Fastrack, continued to expand their market presence.
• Other Businesses: Titan's other businesses, which include accessories, fragrances, and sarees, also saw strong growth in revenue during the fourth quarter. The company's diversified product portfolio helped mitigate the impact of the COVID-19 pandemic on its overall performance.
• Retail Expansion: Titan continued to expand its retail footprint during the fourth quarter, adding new stores and strengthening its omnichannel presence. The company now operates over 2,000 stores across India, offering customers a seamless shopping experience both online and offline.
• E-commerce Growth: Titan's e-commerce sales witnessed significant growth during the fourth quarter, as more customers opted to shop online due to the pandemic. The company's digital sales channel recorded a 50% increase in revenue, reflecting the shift towards online shopping.
• Cost Management: Titan focused on cost management and efficiency improvement initiatives during the fourth quarter to mitigate the impact of rising input costs. The company's efforts to streamline operations and optimize resources helped maintain its profit margins amid challenging market conditions.
• Outlook: Looking ahead, Titan remains optimistic about its growth prospects and is confident in its ability to capitalize on the recovering economy. The company plans to continue investing in product innovation, brand building, and customer engagement to drive sustainable growth in the future.