Titan Company witnessed a nearly 4% rise in its share price after posting a strong set of fourth-quarter results, surpassing analysts’ expectations across key financial metrics. As of 9:36 AM, the shares were trading 4.28% higher at Rs 3,513.60.
The Tata Group company reported a 19.4% year-on-year increase in revenue, reaching ₹14,916 crore, comfortably beating Bloomberg’s estimate of ₹13,693 crore.
Profitability also improved, with EBITDA rising by 29.1% to ₹1,537 crore, against expectations of ₹1,353.8 crore. This was supported by better operational efficiency, as reflected in the company’s EBITDA margin, which expanded to 10.3% from 9.5% a year ago. Analysts had projected a margin of 9.9%.
Net profit for the quarter stood at ₹871 crore, marking a 13% increase over the ₹771 crore posted in the same period last year, and marginally above the estimated ₹855 crore.
Titan Company shares opened at ₹3,367, touching a high of ₹3,530 and a low of ₹3,354.20 during the session. The stock remains below its 52-week high of ₹3,867, yet well above the 52-week low of ₹2,925.
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