Titan board declares dividend of Rs 11 per share

Titan Company on Friday declared a dividend of Rs 11 per equity share along with its January-March quarter earnings where it reported a consolidated net profit of Rs 786 crore for the quarter ended March 31, 2024, which was up 7% on a year-on-year basis over Rs 736 reported by the company in the year-ago period.

The profit was in line with the Street estimate of Rs 794 crore. Net sales in January-March 2024 advanced 17% YoY to Rs 10,047 crore, compared to Rs 8,553 crore in the same period last year.

The consolidated total income for the reporting quarter stood at Rs 11,472 crore, a jump of 21.8% over Rs 9,419 crore reported in the year-ago period.


Consolidated PAT for the full financial year stood at Rs 3,496 crore up 6.8% YoY over Rs 3,274 crore reported in FY23. As for revenue from operations, a 23% YoY jump was reported at Rs 47,501 crore over Rs 38,675 crore in FY23.

Consolidated earnings before interest and taxes (EBIT) for Q4FY24 stood at Rs 1,192 crore, up 10% against Rs 1,084 crore in Q4FY23.