Latest News Titan was established in 1984 as a joint venture between the Tata Group and the Tamil Nadu Corporation. Titan is headquartered in Bangalore, Karnataka, and has altered the Indian watch market. The firm primarily creates fashion items including watches, jewellery, and eyewear.
With Titan Quartz having a large market share, the watches account for around 45% of the total sales of the company. Titan is the sixth-largest watchmaker in the world! In this article, we will cover in-depth analysis of this company. Titan Financial Analysis To analyse a company's performance, studying the EBITDA margin can be helpful.
Titan achieved great success in FY23, with investments in the supply chain, digital data, omnichannel capabilities, retail networks, and overseas markets. The company's sales and profit increased by 40.9% and 40.
2% respectively. Titan Company, the jewellery and watch maker, announced its financial results today for the second quarter of FY24. The Tata Group company reported a net profit of ₹940 crore in the quarter ended September 2023, registering a growth of 9.
7% from ₹857 crore in the year-ago quarter. Titan achieved great success in FY23, with investments in the supply chain, digital data, omnichannel capabilities, retail networks, and overseas markets. The company's sales and profit increased by 40.
9% and 40.2% respectively. Despite the addition of stores in various businesses, the company achieved exponential success in overheads.
It reported a net p.
