Titan Company Limited is an Indian company. It mainly deals in luxurious products which includes jewellery, watches and eyewear. The company has its headquarter in Bangalore, Karnataka India. The company started its operation in the year 1984 with Titan watches. Later it diversified itself with jewellery, eyewear etc. It has its operation worldwide. The shares are traded on both BSE and NSE.
Key Financial Highlights
| Rs in crores | 31-03-2022 | 31-03-2021 |
| Total Income | 7,352 | 7,169 |
| Total expenses | 6 636 | 6,467 |
| Profit / (loss) | 491 | 529 |
Standalone
Total income for the quarter increased by 3% to 7,352 crore.
The Jewellery business stood at Rs 6,132 crore, with a decline of 4%.
Watches & Wearables grew by 12% to Rs 622 crore.
EyeCare business increased by 6% to Rs 134 crore.
Other businesses show an increase in growth of 20% to Rs 42 crore.
Consolidated
Total income stood at Rs26,411 crore for FY 2022 with an increase of growth of 36%.
The profit stood at Rs 2,983 crores with a growth of 118%.
Management talks
“Very-very satisfying quarter in a very challenging situation with COVID wave 3 lockdowns for some weeks and the international conflicts starting late February, going all the way to the end of the year, affecting oil prices, including prices of Gold, and creating a lot of uncertainty in consumer sentiment. Despite all that we ended the FY22 on a very good note and equally and as importantly our preparations for a very ambitious FY23 were also completed in that same quarter and we prepared well enough to take a very good ambition for FY23 as well.”
MR. C. K. VENKATARAMAN – MD, TITAN COMPANY LIMITED
Subsidiaries
Caratlane Trading Private Limited earns an annual revenue was , Rs 1,256 crore and a profit of , Rs 39 crore for FY 2022. Titan Engineering & Automation limited (TEAL earns an annual revenue of Rs 378 crore and a profit of Rs 24 crore. For the quarter Q4 FY 2022, the revenue is 365 crore and profit is 11 crore from Caratlane Trading Private Limited on the other hand TEAL has a revenue of 184 crore and a profit 21 crore.