Titan Q4 preview: Jewellery drives sales surge

Titan Company Ltd. will announce its Q4 FY2025 results on May 8, 2025. Analysts expect the quarter to show robust revenue growth of ~25 per cent YoY, largely driven by higher gold prices boosting jewellery sales. However, this top-line momentum is likely to be tempered by flat margins, as rising input costs weigh on profitability. Q4 FY25 Key Expectations Consolidated Revenue: Estimated to rise ~25 per cent YoY. Standalone Sales (JM Financial): +13 per cent YoY (+25 per cent ex-bullion). Jewellery EBIT Margin: ~10.8 per cent, flat YoY. EBITDA Growth: ~22 per cent YoY. Net Profit Growth: ~11 per cent YoY. Jewellery - which contributes ~90 per cent of total sales - is forecast to grow ~24 per cent YoY, led by: Plain gold jewellery: +27 per cent YoY Gold coins: +65 per cent YoY Watches & wearables are expected to grow 18-20 per cent, and the eyewear segment by ~18 per cent YoY. Revenue growth is marginall