Representative image CK Venkataraman, MD, Titan Company, says the profits took a big dip in Q2 and substantially on account of the losses that they had called out in their last quarterly call relating to the customs duty drop. When Titan imports gold through gold on lease, the customs duty part of that price of…
CK Venkataraman “Actually, the intrinsic opportunity for the jewellery business of Titan is very-very strong. And I think post the election, there will be a certain stable demand as well,” says CK Venkataraman, MD, Titan Company.If I put the numbers in perspective for our viewers and looking at what brokerages have said, brokerages are of…
Consumer discretionary major Titan on Friday reported a 7% year-on-year (YoY) jump in its standalone net profit at Rs 786 crore, mostly in line with the estimates. The profit was in line with the Street estimate of Rs 794 crore. Net sales in January-March 2024 advanced 17% YoY to Rs 10,047 crore, compared to Rs…
Demand outlook for premium consumer businesses is robust and the “growth rhythm” will persist over the next three-four years, said CK Venkataraman, managing director, Titan Co. He highlighted the divergent trends in the consumer goods sector across categories with premiumisation booming while mainstream demand remains subdued. “In the significant per-capita income shift that’s expected to…
Consumer discretionary major Titan on Thursday reported a 9% year-on-year (YoY) growth in its standalone net profit at Rs 1,040 crore in the third quarter. It was Rs 951 crore a year ago. The profit figure was lower than ET NOW poll estimate of Rs 1,159 crore. Revenue from operations jumped 20% YoY to Rs…
Representative Image Talking about how India today is the factory for the world in jewellery and has potential to become the market for the world, CK Venkataraman, MD, Titan Company, said that all the circumstances are in the country’s favour. “It is what the industry can shape into. There is per capita income, an explosion…
