Titan Company Q2 Results Live : Titan Company declared its Q2 results on 05 Nov, 2024, reporting a 16% increase in topline revenue year-over-year, despite a significant profit decline of 23.06%. Compared to the previous quarter, revenue showed a growth of 9.56%, while profit decreased by 1.54%.
The company’s selling, general, and administrative expenses experienced a notable rise, up 4.06% quarter-over-quarter and 15.73% year-over-year, which has impacted overall profitability.
Operating income also took a hit, declining by 1.66% compared to the last quarter and down 15.94% year-over-year. The earnings per share (EPS) for Q2 stood at ₹7.93, reflecting a decrease of 23.08% from the same period last year.
In terms of stock performance, Titan Company has delivered a -1.62% return over the last week, -1.24% over the past six months, and a significant -12.11% year-to-date return. The current market capitalization of the company is ₹286,537.8 Cr, with a 52-week high of ₹3886.95 and a low of ₹3055.65.
As of 06 Nov, 2024, analysts’ sentiments regarding Titan Company vary, with 4 analysts issuing a Sell rating, 10 a Hold rating, 8 a Buy rating, and 7 a Strong Buy rating. The consensus recommendation for investors is to Buy.
