Titan Q2 Results: Net profit falls 23% YoY to Rs 704 crore on customs duty cut

Titan Q2 Results: The profit fell short of Street estimates of Rs 900 crore, based on an ET Now poll, while revenue exceeded projections of Rs 12,350 crore. Titan’s core jewellery segment saw a 26% increase in total income to Rs 10,763 crore for the quarter, with an EBIT of Rs 932 crore at an 8.7% margin. Adjusted for customs duty, Q2FY25 EBIT reached Rs 1,222 crore, achieving an 11.4% margin.