💼Titan reported a 7% growth in standalone net profit in Q4.
💰Revenues for the quarter came in at 11,257 crores, meeting street estimates.
📉Margins declined by 90 basis points due to higher gold prices and increased competition in the jewelry segment.
🔥CFO expects the competitive intensity to continue for the next 2-3 years.
👑Titan aims to grow market share and strengthen its brand in the luxury and niche segments.
What were the key reasons behind the margin compression?
—Margin compression was primarily due to higher gold prices and increased competition in the jewelry segment.
What is the outlook for margins in FY25?
—The CFO expects margins to be around 12% in the jewelry business and emphasizes the balance between growth and margin.
How has Titan Company performed in the emerging segments like Tanira and Fragrances?
—The Tanira segment is growing faster than jewelry and watches, with plans to add more stores. The fragrances and fashion accessories segments are also performing well, with potential for further growth.
What is the impact of lab-grown diamonds on the industry?
—Lab-grown diamonds are an important development, and Titan is closely monitoring the space. Currently, there is no direct impact on the company's jewelry business.
What is the long-term strategy for dealing with lab-grown diamonds?
—The company has not finalized any concrete plans yet but is open to various options and keeping a close watch on the segment.
00:00Introduction to Titan Company's Q4 earnings report and focus on the jewelry segment.
01:00Discussion on the financial performance, including net profit and revenues, meeting street estimates.
02:40Explanation of the margin decline and the reasons behind it, such as higher gold prices and increased competition in the jewelry segment.
04:30CFO's outlook on the competitive intensity in the jewelry segment and expectations for the next 2-3 years.
06:00Emphasis on growing market share and strengthening the brand, particularly in the luxury and niche segments.
