Titan Share Price Falls 2%; Q3 FY25 Standalone Net Profit Drops 5% YoY

Titan’s share price dropped 1.99% on February 5, 2025, trading at ₹3,525.95 at 9:50 AM on the NSE. The stock opened at ₹3,596 and reached a high of ₹3,652 during the day before slipping to a low of ₹3,514.75.

The stock eased most of the gains accumulated in the past 4 sessions, as the stock snapped its recent upward momentum. Over the last few trading sessions, Titan had experienced a strong performance, but today’s dip marked a reversal, with the stock shedding ₹71.75 from its previous close of ₹3,597.70.

Q3 FY25 Financial Highlights

For the third quarter of FY25, Titan saw its net profit dip by 5% YoY to ₹990 crore, compared to ₹1,040 crore in Q3 FY24. However, there was a sequential improvement with a 40.42% rise in profit from ₹705 crore in the previous quarter.

Revenue from product sales surged 24%, driven by robust demand, especially in the jewellery segment. The company’s jewellery business grew 26%, with India operations benefitting from the festive season.

The watches and wearables division grew 15%, though the wearables category faced a 20% drop due to reduced volumes and lower average selling prices. Titan’s eyecare segment also reported a 16% increase in income, bolstered by strong sales of sunglasses and lenses.

Despite the mixed results, Titan remains optimistic about the future, with continued expansion and investments in emerging businesses like Indian Dress Wear, Fragrances, and Fashion Accessories.

Peer Performance

PC Jeweller’s Q3 FY25 results showed a remarkable recovery, with net profit rising to ₹148 crore compared to a loss of ₹198 crore in the same quarter of the previous year. This improvement comes on the back of a strong demand for jewellery driven by the festive and wedding season.

Revenue surged by nearly sixteen times, reaching ₹639 crore in Q3 FY25. A key factor for this strong performance was the higher gold prices, which led consumers to prefer lighter and lower-carat jewellery, helping to boost sales.

About Titan 

Titan Company Limited, established in 1984, has grown significantly over the years. The company owns 16 brands and operates more than 2,000 retail stores across India. Titan is a prominent player in India’s lifestyle sector, holding leading positions in the jewellery, watch, and eyewear markets. The company has expanded into wearables, Indian dresswear, fragrances, and fashion accessories.

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