Titan Company Limited · NSE:TITAN
Titan — Q2 FY2024 Earnings Presentation
89 slides from Titan's earnings presentation, Nov 3, 2023
Slide 1: Exchange filing cover letter
SEC 131 / 2023-24 3rd November 2023 The General Manager, DCS – CRD The General Manager, DCS – CRD BSE Limited National Stock Exchange of India Ltd Corporate Relationship Department Exchange Plaza, 1st Floor, New Trading Ring Bandra-Kurla Complex, Rotunda Building, P J Towers Bandra (East), Dalal Str
Slide 2: Titan Company Limited Earnings Presentation Q2 and H1 FY24
Titan Company Limited Earnings Presentation for the Quarter and Half Year ended September 30, 2023 1
Slide 3: Disclaimer
Disclaimer This document, prepared by Titan Company Limited (the “Company”/”we”/”our”/”Titan”), is solely for information purposes and does not constitute any offer, invitation, recommendation, invitation to purchase or subscribe to any of Titan’s securities, and shall not form the basis of or be re
Slide 4: Agenda
Agenda 1. Company Overview About Titan | Titan Journey | Titan at a Glance | Our Business Segments | Lifestyle Brands 2. Company Performance Total Income | EBIT 3. Business Performance Jewellery | Watches & Wearables | EyeCare | Emerging Businesses | Key Subsidiaries 4. Retail Network Jewellery | Wa
Slide 5: Company Overview
Company Overview About Titan Titan Journey Titan at a Glance Our Business Segments Lifestyle Brands 4
Slide 6: India's most prestigious lifestyle products company
India’s Our Vision most We create elevating experiences for the people we touch and significantly impact the world we work in prestigious lifestyle products Our Mission company We will do this through a pioneering spirit and a caring, value-driven culture that fosters innovation, drives performance
Slide 7: Titan Journey
Titan Journey Dissolution of partnership with Timex Crossed the 1mn and Launch of watches 1,000 stores milestone milestone Launch of 1989 1998 2008 2015 2022 Launch of demerged PED to wholly- Company incorporated, owned subsidiary JV between the Tata and group and Tamilnadu State-of-the-art Industri
Slide 8: Titan at a Glance
Titan at a Glance ₹427 bn ₹2,796 bn 2,859 3.75 mn TTM Total Income (1) Market Capitalization (2) Stores Retail Area sq ft ~11.2k 10 28 mn+ 415 Manufacturing and Employees on roll Assembly Facilities Encircle Members Town Presence Note: 1. Total Income excludes bullion sales 2. Market Capitalization
Slide 9: Our Business Segments
Our Business Segments Jewellery Watches & Wearables EyeCare Fragrances Fashion Accessories Indian Dress Wear 8
Slide 10: Jewellery: India's Leading Organised Jewellery Retailer
Jewellery India’s Leading Organised Jewellery Retailer 2 Manufacturing facilities Leveraging technology in 4 state of the art in Hosur & Pantnagar manufacturing Karigar Centers ~7% 844 40%+ Jewellery Exclusive Brand Sales through Gold 1 Market Share Outlets Exchange Programme ~19% 262 14 Digitally i
Slide 11: Watches & Wearables: India's Leading Watches Company
Watches & Wearables India’s Leading Watches Company 1,051 8,000+ Exclusive Brand Multi-brand Outlets 2 Manufacturing facilities in Outlets Hosur and Coimbatore 319 32 Town Presence New Campaigns / Pan-India Collections in Q2FY24 3 Assembly facilities in Roorkee, Pantnagar and Sikkim 10 1. Exclusive
Slide 12: EyeCare: India's Most Trusted Optical Chain
EyeCare India’s Most Trusted Optical Chain 913 358 Exclusive Brand Town Presence Outlets Pan-India Manufacturing facility at Chikkaballapur 4.9 6 Google Store Ratings New Campaigns / (5 Lakh+ Reviews) Collections in Q2FY24 2 Lens Lab facilities at Noida and Kolkata 11 1. Exclusive Brand Outlets incl
Slide 13: Fragrances: India's Leading Fine Fragrances Brand
Fragrances India’s Leading Fine Fragrances Brand Presence in 800+ 3,000+ Titan World and Multi-brand Outlets Fastrack outlets SKINN ranked #1 SKUs SKINN - 72 in Departmental 1 Fastrack - 27 Chains 12 1. Based on internal sales data from retail chains
Slide 14: Fashion Accessories
Fashion Accessories Thoughtfully Designed Bags Available in Available in 80+ 85+ Departmental Stores Departmental Stores Online Presence Online Presence Tata CLiQ, Nykaa, Tata CLiQ, Nykaa, Myntra, Amazon and Myntra, Flipkart, irth.in Amazon, Ajio and ft.in 13
Slide 15: Indian Dress Wear
Indian Dress Wear Finest range of pure handcrafted weaves from across the country 51 25 Exclusive Brand Town Presence Outlets Pan-India Weavershala is an initiative by 100+ 6 Taneira towards supporting weavers with technical expertise and 1 New Campaigns / Clusters improving their working conditions
Slide 16: Lifestyle Brands
Lifestyle Brands Luxury Premium Mid-Market Mass Market 15
Slide 17: Company Performance
Company Performance Standalone Total Income Standalone EBIT Consolidated Total Income Consolidated EBIT 16
Slide 18: Q2FY24 Standalone Total Income Highlights
Q2FY24 Standalone Total Income Highlights 86% 11% 2% 1% Watches & Emerging Segment1,5 Jewellery3 EyeCare Total2,3 Wearables Businesses4 Total Income 8,575 1,092 188 93 10,027 YoY Growth% 19.1% 31.7% 12.3% 27.9% 20.7% 8,575 10,027 1,092 8,308 7,203 188 93 167 829 73 Q2FY23 Q2FY24 Q2FY23 Q2FY24 Q2FY23
Slide 19: Q2FY24 Standalone EBIT Highlights
Q2FY24 Standalone EBIT Highlights 14.5% 13.6% 15.3% 14.1% 1,367 1,206 1,205 1,103 14.8% 14.7% 16.5% 14.9% 160 (24.2)% (25.8)% 123 28 28 (18) (24) Q2FY23 Q2FY24 Q2FY23 Q2FY24 Q2FY23 Q2FY24 Q2FY23 Q2FY24 Q2FY23 Q2FY24 Jewellery Watches & Wearables EyeCare Emerging Businesses Standalone Note: 1. Figure
Slide 20: Q2FY24 Consolidated Total Income Highlights
Q2FY24 Consolidated Total Income Highlights 86% 10% 2% 2% Watches & Segment1,5 Jewellery3 EyeCare Other Businesses4 Total2,3 Wearables Total Income 9,265 1,092 189 218 10,837 YoY Growth% 23.3% 31.6% 13.2% 11.2% 24.0% 1,092 10,837 9,265 218 189 196 8,742 7,515 167 830 Q2FY23 Q2FY24 Q2FY23 Q2FY24 Q2FY
Slide 21: Q2FY24 Consolidated EBIT Highlights
Q2FY24 Consolidated EBIT Highlights 13.7% 12.8% 14.5% 13.1% 1,392 1,217 1,202 1,088 14.7% 12.5% 14.7% 11.1% 160 16.8% 13.2% 122 (1.0)% (0.9)% 28 25 (2) (2) Q2FY23 Q2FY24 Q2FY23 Q2FY24 Q2FY23 Q2FY24 Q2FY23 Q2FY24 Q2FY23 Q2FY24 Jewellery Watches & Wearables EyeCare Other Businesses Total Note: 1. Figu
Slide 22: Business Performance
Business Performance Jewellery Watches & Wearables EyeCare Emerging Businesses Key Subsidiaries 21
Slide 23: Jewellery
Jewellery Performance Highlights Marketing Campaigns Standalone Quarterly Performance Trends 22
Slide 24: Jewellery Performance Highlights
Jewellery Performance Highlights • Total Income of ₹8,575 cr grew 19.1% YoY; Total Income from India operations recorded a strong growth of ~21% YoY to ₹8,438 cr; Revenue from exports declined by ~33% YoY due to ₹8,575 cr 19.1% lower inventory transfers to overseas subsidiaries Total Income YoY Grow
Slide 25: Glimpses of Tanishq's Festival of Diamonds and Heera Ho Tum
Glimpses of Tanishq’s Festival of Diamonds and Heera Ho Tum The Autumn edit 24 Video hyperlinks embedded for the above campaign
Slide 26: Glimpses of Tanishq's Tales of Mystique
Glimpses of Tanishq’s Tales of Mystique Taking inspiration from some of the most iconic Rajasthani architectural ques like forts, jharokhas, arches, domes and staircases in Mehrangarh Fort, Amer Fort and Jaswant Thada this collection is an ode to the architectural heritage of Rajasthan Transport you
Slide 27: Glimpses of Rivaah X Tarun Tahiliani
Glimpses of Rivaah X Tarun Tahiliani Rivaah X Tarun Tahiliani A collection which has been 3 years in the making, taking inspiration from Tarun’s beautiful embroidery Four design pillars – Chikankaari, Zardosi, Kashida and Diamonds 26 Video hyperlinks embedded for the above campaign
Slide 28: Glimpses of Tanishq's When it Rings True
Glimpses of Tanishq’s When it Rings True When it Rings True Tanishq helped real- life couples curate their wedding proposals with Tanishq engagement rings to propose to their partners Popular Influencer, Ms. Shivani Bafna hosted the exciting 15-20 min duration engagements on Tanishq’s YouTube Channe
Slide 29: Glimpses of Tanishq's Regional Campaigns
Glimpses of Tanishq’s Regional Campaigns 28
Slide 30: Glimpses of Zoya's My Embrace
Glimpses of Zoya’s My Embrace Actress Sonam Kapoor adorns this beautiful collection for Zoya 29 Video hyperlinks embedded for the above campaign
Slide 31: Glimpses of Mia's New Collections and Campaigns
Glimpses of Mia’s New Collections and Campaigns 30
Slide 32: Jewellery Standalone Quarterly Performance Trends
Jewellery Standalone Quarterly Performance Trends Total Income and YoY Growth% 9,518 9,070 8,563 8,575 77% 70% 7,600 7,576 7,203 6,249 6,397 6,106 6,132 5,409 4,890 3,582 37% 3,986 4,047 3,754 37% 3,572 3,528 3,446 FY23: 31,897; 37% 29% 21% 2,467 24% 18% 19% 19% 13% 16% 11% 1,182 FY22: 23,268; 35% 1
Slide 33: Watches & Wearables
Watches & Wearables Performance Highlights Marketing Campaigns Standalone Quarterly Performance Trends 32
Slide 34: Watches & Wearables Performance Highlights
Watches & Wearables Performance Highlights • Division achieved a Total Income of ₹1,092 cr growing 31.7% YoY and crossed ₹1,000+ crs of quarterly Revenues for the first time; India operations achieved a Total Income of ₹1,074 cr clocking a growth of 32.3% YoY ₹1,092 cr 31.7% Total Income YoY Growth
Slide 35: Glimpses of Titan's Find Your Joy
Glimpses of Titan’s Find Your Joy Find Your Joy There’s nothing like the discovery of joy in unexpected moments Titan’s new campaign, “Find Your Joy” is all about that thrill, embracing the unexpected joys and unique expressions that set you apart. Through the campaign films, Titan has landed its mo
Slide 36: Glimpses of Titan's New Collections and Campaigns
Glimpses of Titan’s New Collections and Campaigns Titan Automatics These remarkable timepieces Titan Retro Revive exude sophistication and brings in newer looks precision with their stunning in one of our long- dual-finish 316L Surgical standing cases. Each Grade stainless steel case and timepiece b
Slide 37: Glimpses of Titan's New Collections and Campaigns
Glimpses of Titan’s New Collections and Campaigns The Raga Chic collection presents stylish designs for the modern urban consumers. These timepieces are made for Work Wear Fashion is a theme which introduces new looks in the work wear fashion space. more informal/semi formal occasions that go well w
Slide 38: Glimpses of Fastrack's #BeBoth ft. Vijay Deverakonda
Glimpses of Fastrack’s #BeBoth ft. Vijay Deverakonda #BeBoth Integrated Pan-India Campaign leveraging Digital, Outdoor and In- market presence Onboarded south star Vijay Deverakonda as the face of the brand Fashion-first narrative to position Fastrack watches as accessories, not just time-telling pi
Slide 39: Glimpses of Fastrack's New Collections and Campaigns
Glimpses of Fastrack’s New Collections and Campaigns Fastrack Pulse 1 Pulse a new series from Fastrack that revives the existing best sellers watches for girls in a new contemporary avatar Fastrack Streetwear Fastrack Crush 5.0 Ana-digi A new collection watches for inspired by creases guys In a new
Slide 40: Glimpses of Sonata's New Collections and Campaigns
Glimpses of Sonata’s New Collections and Campaigns SF Sporty Digitals Volt 4 - Fashion forward plastic watches for guys TNPL 2023 X Sonata Sonata Classique 39
Slide 41: Glimpses of International Brand Campaigns
Glimpses of International Brand Campaigns Cerruti 1881 participation in the Cosmopolitan Beauty & Fashion Week held on 12th and 13th Sep, 2023 in Delhi 40 influencers posed with the watches and posted on their social media handles 40
Slide 42: Glimpses of Fastrack's Follow Yourself
Glimpses of Fastrack’s Follow Yourself 41 Video hyperlinks embedded for the above campaign
Slide 43: Watches & Wearables Standalone Quarterly Performance Trends
Watches & Wearables Standalone Quarterly Performance Trends Total Income and YoY Growth% 1,092 72% 871 890 708 829 811 785 40% 641 715 719 687 32% 594 676 29% 19% 531 20% 625 622 21% 15% 17% 557 550 555 15% 13% 12% 7.5% 6.4% 4.9% -2.4% 400 -0.3% -12% FY23: 3,296; 43% 292 FY20: 2,615; 7.2% FY19: 2,44
Slide 44: EyeCare
EyeCare Performance Highlights Marketing Campaigns Standalone Quarterly Performance Trends 43
Slide 45: EyeCare Performance Highlights
EyeCare Performance Highlights • Total Income grew by 12.3% YoY to clock ₹188 cr in Q2FY24 • International brands clocked a faster growth of ~14% YoY whereas House brands growth was in-line with that of the Division. The share of International brands inched up and they now contribute ~25%+ share in
Slide 46: Glimpses of Titan's Zefr Collection
Glimpses of Titan’s Zefr Collection Made in France | Light as a gentle Breeze 45
Slide 47: Glimpses of New Smart Glasses
Glimpses of New Smart Glasses 46 Video hyperlinks embedded for the ‘Titan EyeX 2.0’ collection
Slide 48: Glimpses of New Campaigns and Collections
Glimpses of New Campaigns and Collections A new progressive lens that provides extraordinary comfort A new lens that gives enhanced clarity while driving 47
Slide 49: EyeCare Standalone Quarterly Performance Trends
EyeCare Standalone Quarterly Performance Trends Total Income and YoY Growth% 203 70% 188 183 167 174 129 160 165 149 154 156 132 40% 133 134 120 128 124 127 28% 108 26% 19% 23% 16% 18% 94 18% 13% 11% 11% 12% 2.9% 5.1% 4.9% 67 -7.0% FY23: 689; 33% FY20: 544; 6.9% 30 FY22: 517; 38% FY19: 509; 23% -16%
Slide 50: Emerging Businesses
Emerging Businesses Performance Highlights Marketing Campaigns 49
Slide 51: Emerging Businesses Performance Highlights
Emerging Businesses Performance Highlights ₹93 cr 27.9% ₹(24) cr (25.8)% Total Income YoY Growth EBIT EBIT Margin • Emerging Businesses comprising of Fragrances & Fashion Accessories (F&FA), and Indian Dress Wear (Taneira) clocked a growth of 27.9% in Total Income YoY • F&FA Revenues clocked ~4% gro
Slide 52: Glimpses of Fragrances New Campaigns and Collections
Glimpses of Fragrances New Campaigns and Collections “Fastrack No Nasties Perfume Spray” launched in July 2023 with 7 unisex fragrances entered in the category of deodorant 51 Video hyperlinks embedded for the ‘Notes from a Perfumer’ and ‘Skinn Body Mists’ campaign and collection
Slide 53: Glimpses of Fashion Accessories Campaigns and Collections
Glimpses of Fashion Accessories Campaigns and Collections IRTH Canvas Edit 52 Video hyperlinks embedded for the above campaigns and collections
Slide 54: Glimpses of Taneira's Regional Campaigns
Glimpses of Taneira’s Regional Campaigns 53 Video hyperlinks embedded for the above campaigns
Slide 55: Glimpses of Khadi Collection and Taneira Lal Paar
Glimpses of Khadi Collection and Taneira Lal Paar 54 Video hyperlinks embedded for the above campaigns
Slide 56: Glimpses of Taneira Saree Run and Taneira Milan
Glimpses of Taneira Saree Run and Taneira Milan Taneira Milan is a consumer connect program introduced to give an immersive brand experience to high intent category audience and to take them through the brand philosophy. In Q2, we had these sessions in Indiranagar and Jayanagar in Bangalore, Banjara
Slide 57: Titan Company Limited subsidiaries structure
Titan Company Limited 100% 72.3% 100% 100% 100% 100% Titan Titan CaratLane TCL Watches Switzerland Titan Holdings Titan Company Engineering & Trading TCL North Commodity AG International Automation Private America Inc Trading (formerly FZCO, Dubai Limited (TEAL) Limited Limited Favre Leuba) Limited
Slide 58: Key Subsidiaries
Key Subsidiaries CaratLane Titan Engineering & Automation Limited 57
Slide 59: CaratLane Trading Private Limited
CaratLane Trading Private Limited 72.3% Owned Subsidiary • Total Income grew by 45.1% YoY to ₹650 cr driven by campaigns around the mini festive season of Raksha Bandhan and Old Gold Exchange offer • Revenue from the key category of Studded grew ~45% YoY. Studded contribution continues at 70%+ of th
Slide 60: Glimpses of CaratLane's New Campaigns and Collections
Glimpses of CaratLane’s New Campaigns and Collections Switch – Convertible Jewellery This collection, designed with the modern hustler woman in mind, includes versatile pieces that seamlessly transitions from one look to another, embodying the spirit of her dynamic lifestyle and delivering to the ne
Slide 61: Titan Engineering & Automation Limited
Titan Engineering & Automation Limited Wholly Owned Subsidiary • Total Income at ₹125 cr was higher by 2.0% YoY ₹125 cr 2.0% • Within Divisions, Automation Solutions (AS) division Revenues were lower by ~15% YoY Total Income YoY Growth whereas Manufacturing Services* (MS) division grew its Revenues
Slide 62: Retail Network
Retail Network Jewellery Watches & Wearables EyeCare Taneira Retail Sales Growth 61
Slide 63: Jewellery Presence
Jewellery Presence YTD Quarterly Mar-23 Additions Sep-23 Additions Stores 423 22 445* 12 Area sq. ft. 1.74mn 137K 1.88mn 86K Town Presence 251 9 260 3 Stores 111 34 145 26 Area sq. ft. 64K 35K 99K 27K Town Presence 43 16 59 14 Stores 7 1 8 1 Area sq. ft. 24K 1.4K 25K 1.4K Town Presence 5 1 6 1 Store
Slide 64: Tanishq Qatar Stores
Tanishq Qatar Stores Tanishq entered Qatar opening 2 new stores in DFC Mall and Lulu Hypermarket in Doha in the month of August’23 63
Slide 65: Watches & Wearables Presence
Watches & Wearables Presence Exclusive Brand Outlets Presence Multi Brand Outlets Presence YTD Quarterly Mar-23 Additions Sep-23 Additions Stores 622 24 646 10 Area sq. ft. 443K 14K 457K 4K Town Presence 306 11 317 4 8,000+ 2,100+ Multi Brand MBR Retailers (MBR) Town Presence Stores 198 14 212 5 Are
Slide 66: EyeCare Presence
EyeCare Presence YTD Quarterly Mar-23 Additions Sep-23 Additions Stores 896* 9 905* 4 Area sq. ft. 554K 10K 564K 7K Town Presence 352 6 358 1 Stores 5 3 8 1 Area sq. ft. 5.8K 2.7K 8.5K 0.9K Town Presence 1 2 3 - Note: 65 *includes 1 store in Dubai, GCC
Slide 67: Taneira Presence
Taneira Presence YTD Quarterly Mar-23 Additions Sep-23 Additions Stores 41 10 51 4 Area sq. ft. 115K 32K 147K 8K Town Presence 22 3 25 - Connaught Place, New Delhi Mumbai - Andheri Noida 66
Slide 68: Retail Sales (Secondary UCP) Growth
Retail Sales (Secondary UCP) Growth Q2FY24 Watches LFS Total 27% 47% 8% 5% 38% 15% 9% Like-to-Like 22% 10% 2% (7)% 18% 4% 0% YTD24 Watches LFS Total 24% 46% 8% 1% 39% 23% 11% Like-to-Like 19% 9% 2% (8)% 19% 11% 2% Note: 1. Retail UCP (Uniform Consumer Price) growth captures secondary sales in Titan
Slide 69: Financial Performance
Financial Performance Statement of Profit and Loss Total Income and EBIT Capital Employed Balance Sheet Financial Trends 68
Slide 70: Standalone Statement of Profit and Loss Highlights
Standalone Statement of Profit and Loss Highlights Q2FY23 Q2FY24 YoY% Particulars (in ₹ Crores) YTD23 YTD24 YoY% 8,248 9,905 20.1% Operating Revenue 16,853 20,112 19.3% 8,308 10,027 20.7% Total Income 16,957 20,333 19.9% 1,294 1,477 14.1% EBITDA 2,502 2,679 7.1% 15.6% 14.7% (85) bps % 14.8% 13.2% (1
Slide 71: Consolidated Statement of Profit and Loss Highlights
Consolidated Statement of Profit and Loss Highlights Q2FY23 Q2FY24 YoY% Particulars (in ₹ Crores) YTD23 YTD24 YoY% 8,681 10,713 23.4% Operating Revenue 17,768 21,669 22.0% 8,742 10,837 24.0% Total Income 17,873 21,907 22.6% 1,308 1,535 17.4% EBITDA 2,548 2,774 8.9% 15.0% 14.2% (80) bps % 14.3% 12.7%
Slide 72: Q2FY24 Total Income and EBIT
Q2FY24 Total Income and EBIT Total Income EBIT Q2FY23 Q2FY24 YoY% Q2FY23 Q2FY24 YoY% (in ₹ Crores) (in ₹ Crores) Jewellery 7,203 8,575 19.1% Jewellery 1,103 1,206 9.4% Watches and Wearables 829 1,092 31.7% Watches & Wearables 123 160 30.3% EyeCare 167 188 12.3% EyeCare 28 28 1.4% Emerging Businesses
Slide 73: YTD24 Total Income and EBIT
YTD24 Total Income and EBIT Total Income EBIT YTD23 YTD24 YoY% YTD23 YTD24 YoY% (in ₹ Crores) (in ₹ Crores) Jewellery 14,803 17,645 19.2% Jewellery 2,130 2,205 3.5% Watches and Wearables 1,614 1,982 22.8% Watches & Wearables 226 262 15.9% EyeCare 350 391 11.6% EyeCare 64 63 (1.6%) Emerging Businesse
Slide 74: Standalone Capital Employed
Standalone Capital Employed Business Segment Segment Assets Segment Liabilities Capital Employed (in ₹ Crores) 30-Sep-22 30-Sep-23 30-Sep-22 30-Sep-23 30-Sep-22 30-Sep-23 Jewellery 14,833 18,540 9,649 11,667 5,184 6,873 Watches & Wearables 2,692 3,509 1,001 1,031 1,691 2,478 EyeCare 561 707 316 384
Slide 75: Consolidated Capital Employed
Consolidated Capital Employed Business Segment Segment Assets Segment Liabilities Capital Employed (in ₹ Crores) 30-Sep-22 30-Sep-23 30-Sep-22 30-Sep-23 30-Sep-22 30-Sep-23 Jewellery 16,637 21,250 11,138 13,375 5,499 7,875 Watches & Wearables 2,723 3,582 1,010 1,050 1,713 2,532 EyeCare 561 711 315 3
Slide 76: Standalone Balance Sheet
Standalone Balance Sheet in ₹ Crores Sep-22 Sep-23 Change Fixed Assets 1,089 1,374 285 Right of use asset 947 1,140 193 Intangible Assets 43 59 16 Investments 945 1,363 418 Other non-current assets 960 1,050 90 Non Current Assets 3,984 4,986 1,002 Inventories 13,511 16,450 2,939 Trade Receivables 80
Slide 77: Consolidated Balance Sheet
Consolidated Balance Sheet in ₹ Crores Sep-22 Sep-23 Change Fixed Assets 1,309 1,699 390 Right of use asset 1,067 1,478 411 Intangible Assets 246 280 34 Goodwill 123 123 0 Investments 341 601 260 Other non-current assets 1,120 1,259 139 Non Current Assets 4,206 5,440 1,234 Inventories 14,967 18,326
Slide 78: Consolidated Quarterly Performance Trends
Consolidated Quarterly Performance Trends Operating Revenue and YoY Growth% 11,294 10,956 10,713 9,983 9,087 9,305 8,681 7,279 7,469 7,301 7,421 6,528 75% 5,871 5,151 59% 4,567 4,889 4,662 4,711 FY23: 38.367; 38% 4,451 4,162 35% 37% 27% 3,049 25% 19% 19% 21% 23% 16% 11% -3.6% 12% FY22: 27,754; 37% 1
Slide 79: Jewellery Consolidated Quarterly Performance Trends
Jewellery Consolidated Quarterly Performance Trends Total Income and YoY Growth% 78% 71% 10,131 9,755 9,005 9,265 7,995 8,065 7,515 6,496 6,653 6,379 6,468 37% 39% 4,105 5,606 29% 4,997 22% 25% 22% 23% 4,164 3,899 3,643 3,645 3,650 3,592 16% 18% 14% 12% 13% 6.3% 2,626 FY23: 33,706; 38% 0.1% -1.6% -5
Slide 80: Annual Consolidated Performance Trends
Annual Consolidated Performance Trends Total Income and YoY Growth% PBT and PBT Margin PAT and PAT Margin 3,274 38,675 4,447 8.5% 37% 38% 7.9% 11.5% 7.0% 10.6% 7.0% 9.8% 9.9% 2,958 2,198 23% 21,204 20,474 27,988 4.8% 1,957 2,102 1,389 1,493 6.5% 19,961 1,327 974 6% -3% FY19 FY20 FY21 FY22 FY23 FY19
Slide 81: Annual Consolidated Performance Trends
Annual Consolidated Performance Trends Jewellery Watches & Wearables EyeCare Total Income and YoY Growth% Total Income and YoY Growth% Total Income and YoY Growth% 3,310 33,706 689 46% 43% 2,622 2,447 2,317 544 24,478 509 517 38% 33% 15% 375 17,319 17,963 36% 38% 7% 1,587 23% 16,390 24% 7% 6% -39% 4
Slide 82: Other Updates
Other Updates Dividend Shareholding Information Awards and Recognition Sustainability at Titan 81
Slide 83: Dividend
Dividend Dividend (₹ Crores) Dividend Payout % 888 40% 666 32% 30% 31% 28% 29% 27% 25% 25% 23% 444 355 355 333 231 186 204 195 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 Note: 82 Dividend payout ratios exclude Dividend Distribution Tax
Slide 84: Shareholding Information
Shareholding Information Shareholding Pattern as at September 30, 2023 Stock Information BSE Ticker 500114 NSE Ticker TITAN Market Capitalization (Sep 30, 2023) ₹ 2.8 lakh crores Retail Number of Shares Outstanding 88.78 crores 19% Insurance Cos. & Banks Market Capitalization (₹ Crores) 4% 2,79,617
Slide 85: Awards & Recognition
Awards & Recognition Best Organisations for Top 40 India’s Workplaces Winner Best Vegan Company of the Year CEO of the Year Women in Health & Wellness Sarees by Business Award by Forbes India by Economic Times by Great Place to Work at PETA India’s 2022 Most Sustainable Product and Smart Top 24 Orga
Slide 86: Sustainability at Titan
Sustainability at Titan Women’s Federation Meet Titan Kanya Green Parking Area Electro-Deionisation system Uttarakhand EyeCare Employee engagement Oxygen roof garden over new Titan LeAP – Skilling and Volunteering – Tree Plantation volunteering program for waste building Vocational Training recyclin
Slide 87: Sustainability at Titan
Sustainability at Titan • Titan Kanya, Kanya+ and the holistic engagement programs of Kanya Sampurna developed programs for teaching learning materials, training facilitators and tutors, tracking enrolments of students at schools. These were put into action for implementation after schools reopening
Slide 88: Sustainability at Titan
Sustainability at Titan • The Design Impact movement with its focus on deeper deployment, has been launched and projects submissions from Support for various colleges have been actively sought. These projects will be provided technical and business incubation support from Indian Arts, Titan and the
Slide 89: Thank You
Thank You For any queries, please email to investor-relations@titan.co.in