Titan Company's revenue from operations in Q3 FY24 increased 20%, while net profit rose 9 percent. On the operational front, earnings before interest, tax, depreciation and amortization (EBITDA) during the quarter ended December 2023 rose 9.5 percent, while EBITDA margin contracted by 100 basis points to 11.2 percent from 12.2 percent Y-o-Y.
“The festive quarter saw encouraging consumer demand delivering a healthy double-digit growth of 24% over a strong base of Q3FY23. Our international store openings in the Houston, Dallas and Singapore market were enthusiastically received by the Indian diaspora and other nationals at those locations," said CK Venkataraman, Managing Director of Titan Company.
“Our domestic store expansions in all target markets too are progressing well. We will continue to pursue market share growth and are actively investing in capabilities across all our business segments," he added.
Aruna Gaitonde, Editor in Chief of the Asian Bureau, Rough & Polished
