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(04 May 2024, 10:24)

Titan Company PAT rises 7% YoY to Rs 786 cr in Q4 FY24

The Tata Group company reported 7.08% rise in standalone net profit to Rs 786 crore in Q4 FY24 as against Rs 734 crore reported in Q4 FY23.


Revenue from operations jumped 17.47% year on year (YoY) to Rs 10,047 crore in the quarter ended 31 March 2024.

Total income (excluding bullion sale) for the quarter was at Rs 10,280 crore, registering a growth of 17.4% as compared to Rs 8,753 crore posted in Q4 FY23.

Profit before tax fell marginally to Rs 977 crore in Q4 FY24 from Rs 979 crore recorded in Q4 FY23.

EBITDA jumped 9.8% to Rs 1,260 crore in Q4 FY24 as against Rs 1,148 crore posted in Q4 FY23. EBITDA margin slipped to 12.3% in the quarter ended 31 March 2024 from 13.1% posted in the same quarter last year.

EBIT was at Rs 1,139 crore in Q4 FY24, up 8.2% YoY. EBIT margin reduced to 11.1% in the fourth quarter as compared to 12% registered in Q4 FY23.

During the quarter, the company's income from jewellery bu...

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