TITANNSE2 February 2023

Titan Company Limited has informed the Exchange about Investor Presentation

Titan Company Limited

SEC 75 / 2022-23

2nd February 2023

TIT/\N

COMPANY

The General Manager, DCS – CRD BSE Limited Corporate Relationship Department 1st Floor, New Trading Ring Rotunda Building, P J Towers Dalal Street, Fort, MUMBAI - 400 001 Scrip Code: 500114

Dear Sirs,

The General Manager, DCS – CRD National Stock Exchange of India Ltd Exchange Plaza, Bandra-Kurla Complex, Bandra (East), MUMBAI - 400 051 Symbol: TITAN

Sub: Third quarter earnings call for FY 2022-23 – Investors Presentation

Further to our communication dated 20th January 2023, attached is a copy of the investor presentation regarding third quarter earnings as required under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Kindly take the same on record and acknowledge receipt.

Yours truly, For TITAN COMPANY LIMITED

Dinesh Shetty General Counsel & Company Secretary

Encl. As stated

Titan Company Limited `INTEGRITY` #193 Veerasandra Electronics City P.O. Off Hosur Main Road, Bangalore 560100 India. Tel: 9180 6704 7000 Fax: 9180 6704 6262 Registered Office 3, Sipcot Industrial Complex Hosur 635 126 TN India. Tel-91 4344 664 199 Fax 91 4344 276037, CIN: L74999TZ1984PLC001456 www.titancompany.in A TAT.I\ Enterprise

February 2, 2023

Titan Company Limited

Earnings Presentation for the Quarter and Nine months ended December 31, 2022

TIT/\N COMPI\NY

Disclaimer

This document, prepared by Titan Company Limited (the “Company”/”we”/”our”/”Titan”), is solely for information purposes and does not constitute any offer, invitation, recommendation, invitation to purchase or subscribe to any of Titan’s securities, and shall not form the basis of or be relied on in connection with any contract or binding commitment whatsoever.

Certain statements are included in this release containing words or phrases such as “will,” “aim,” “will likely result,” “believe,” “expect,” “will continue,” “anticipate,” “estimate,” “intend,” “plan,” “contemplate,” “seek to,” “future,” “objective,” “goal,” “project,” “should,” “will pursue” and similar expressions or variations of these expressions, that are “forward-looking statements”. Actual results may differ materially from those suggested by these forward-looking statements due to certain risks or uncertainties associated with our expectations with respect to, but not limited to, our ability to implement our strategy successfully, the market acceptance of and demand for our products, our growth and expansion, the adequacy of our allowance for credit to franchisees, dealers and distributors, technological changes, volatility in income, cash flow projections and our exposure to market and operational risks. By their nature, certain market risk disclosures are only estimates and could be materially different from what may actually occur in the future. As a result, actual future gains, losses or impact on net income could materially differ from those that have been estimated.

In addition, other factors that could cause actual results to differ materially estimates in the forward-looking statements include, but are not limited to, general economic and geo-political conditions in India and the other countries that have an impact on our business activities; inflation, unanticipated variance in interest rates, foreign exchange rates, the prices of raw material including gold and diamonds, or other rates or prices, changes in Indian and foreign laws and regulations, Acts of God, acts of terrorism, acts of war and pandemics, tax and accounting regulations, and changes in competition and the pricing environment in India. The Company may, from time to time make additional written and oral forward-looking statements, including statements contained in the Company’s filings with SEBI and the Stock Exchanges and in our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company, to reflect events or circumstances after the date thereof.

Agenda

Company Overview Titan Journey | Titan at a Glance | Business Segments | Lifestyle Brands

Performance Highlights Company| Total Income| EBIT

Retail Network Jewellery Presence | Watches & Wearables Presence | EyeCare Presence | Taneira Presence | Retail Growth

Financial Update Statement of Profit and Loss | Total Income and EBIT | Capital Employed| Performance Trends | Others

6 Awards, ESG

Awards & Recognition | Sustainability @ Titan

Company Overview

Titan Journey Titan at a Glance Business Segments Lifestyle Brands

TITAN COMPI\NY

· ■-· ·-

Titan Journey

COMP/\NY

** TIMEX 1992

G♦LDPLUS

A TATA Product

(1)

PED 2005

Accessories 2010

T/\NEIR/\

A TATA PRODUCT

2017

Conceived 1984

SONATA 1998

ZO A 2008

A TATA PRODUCT

SKl~\J 2013

1987 \J(j TITAN

2003

Fastrach

2009

,. I

HcLIOS

THE W/\TCH STORE

1996

2007 T ITAN EYE+

2011

Note: 1. PED was demerged to wholly-owned subsidiary as TEAL 2. Companies / Brands through acquisitions / joint ventures 3. Brand ‘IRTH’ for women’s bags was launched in October 2022

2016

(2) CARATLANE

A "{ANiS~~ Partnership

(2) FAVRE - LEU BA

(3)

2022 I RTH ®

Titan at a Glance

₹ 368 bn

TTM Total Income (1)

₹ 2,306 bn

Market Capitalization (2)

2,537

Stores

3.2 mn+

Retail Area sq ft

~10.2k

Employees on roll

Manufacturing and Assembly Facilities

22 mn+

Encircle Members

406

Town Presence

Note: 1. Total Income excludes bullion sales 2. Market Capitalization as of December 31, 2022 3. All numbers are on a consolidated basis

Our Business Segments

Jewellery

Watches & Wearables

EyeCare

Fragrances and Fashion Accessories, Indian Dress Wear

Jewellery

India’s Leading Organised Jewellery Retailer

2 Manufacturing facilities in Hosur & Pantnagar

CARAT LANE

A 1AN iS~~ Partnership

Leveraging technology in manufacturing

~7% Jewellery Market Share*

685 Retail Stores Network

~16% Digitally influenced Sales in Q3FY23

40%+ Recycled Gold usage (via exchange policies)

4 state of the art Karigar Centers

• *Market share as a % of Total Indian Jewellery market based on internal estimates • All figures are on a consolidated basis

ZO A

A TIITII PRODUCT

247 Town Presence Pan-India

8 New Campaigns / Collections Q3FY23

3 Assembly facilities in Roorkee, Pantnagar and Sikkim

2 Manufacturing facilities in Hosur and Coimbatore

Watches & Wearables

India’s Leading Watches Company

\J(j TITAN

Fastrack

SONATA

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COACH

NEW YORK

ANNE KLEIN

KENNETH COLE

NEW YOR K

POLICE

953 EBOs 8,500+ MBOs

5 Manufacturing & Assembly Facilities

293 Town Presence Pan-India

23 New Campaigns / Collections Q3FY23

EyeCare

India’s Most Trusted Optical Chain

Manufacturing facility at Chikkaballapur

TITAIN EYE

2 Lens Lab facilities at Noida & Kolkata

863 Retail Stores Network

4.9 Google Store Ratings (5 lakh+ reviews)

354 Town Presence Pan-India

4 New Campaigns / Collections Q3FY23

COMP/\NY

SKI t\J\J

Fragrances

India’s Leading Fine Fragrances Brand

Presence in 700+ Titan World & Fastrack Outlets

2,200+ Multi Brand Outlets

SKINN Ranked* #1 in Departmental Chains

SKUs SKINN - 38 Fastrack - 7

*based on internal sales data in the current fiscal year

Fashion Accessories

Foray into Premium Women Bags Category with brand ‘IRTH’

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IRTH

Launched with 98 SKUs

Presence in 26 Shoppers Stop Outlets

Online Presence on Cliq, Nykaa, Myntra and fastrack.in

Fastrack Girls Bags

Available in 60 Shoppers Stop and Lifestyle Outlets

Indian Dress Wear

COMP/\NY

Finest range of pure handcrafted weaves from across the country

Weavershala is an initiative by Taneira towards supporting weavers with technical expertise and improving their working conditions

T/\NEIR/\

A TATA PRODUCT

36 Retail Stores

100+ Clusters*

17 Town Presence

3 New Campaigns / Collections Q3FY23

* Clusters represent regions of India with distinct traditional handloom weaving practices

Lifestyle Brands

TIT/\N

----------- --------------- --------------- --------------- ----------------------------

Jewellery

EyeCare

Fragrances and Fashion Accessories

Indian Dress Wear

Watches & Wearables

Luxury $$$$

Premium $$$$

Mid Market $$$$

FAVRE-LEU BA

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A TIITII PROOUCT

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by TITAN

Swiss made

NEBULA

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Mass Market $$$$

SONATA

TITAN

ULTIMA

Engineered to Precision

______ IR TH _____ TANEIRA

TITAN EYE+

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· · ·-

Performance Highlights

Company Highlights Total Income EBIT

TITAN COMPI\NY

1515

· ■-· ·-

Company Highlights – Standalone

₹ 10,651 cr Total Income

11.9% YoY Growth

₹ 1,328 cr 18.2% EBIT YoY Growth

12.5% EBIT Margin

• Company grew by 11.9% YoY in Q3FY23 (excluding bullion sales) achieving a standalone Total Income of

₹ 10,651 cr. The 3-year CAGR was ~20%

• The YTD FY23 Total Income was ₹ 27,608 cr, a growth of ~42% YoY (YTD FY22 had a lower base due to Covid

disrupted Q1FY22)

• Standalone EBIT for the quarter was ₹ 1,328 cr (lower by ~3% YoY) and clocking 12.5% EBIT margin

• Standalone EBIT for YTD FY23 came in at ₹ 3,653 cr (a growth of 52% YoY) with 13.2% EBIT margin

Note: 1. Total Income excludes bullion sales 2. EBIT includes Other Income

Q3FY23 Total Income Highlights - Standalone

89%

Segment(1,5)

Jewellery(3)

Total Income

YoY Growth%

9,518

11.2%

Watches & Wearables

811

14.6%

EyeCare

174

11.5%

Emerging Businesses(4)

71.8%

Total(2,3)

10,651

11.9%

10,651

9,518

811

174

8,563

708

156

9,516

Q3FY22

Q3FY23

Q3FY22

Q3FY23

Q3FY22

Q3FY23

Q3FY22

Q3FY23

Q3FY22

Q3FY23

Note: 1. Figures in ₹ Crores, unless stated otherwise 2. Total figures include Corporate segment 3. 4. Emerging Businesses include Fragrances and Fashion Accessories, Indian Dress Wear 5. Total Income from International Business is included in the respective divisions

Jewellery and Total figures exclude bullion sale

Q3FY23 EBIT Highlights - Standalone

COMP/\NY

14.4%

12.5%

1,369

1,328

14.7%

13.0%

1,260

1,236

11.6%

11.0%

- -

21.6%

18.4%

(6.6)%

(19.1)%

(3)

(17)

Q3FY22 Q3FY23 Q3FY22 Q3FY23 Q3FY22 Q3FY23

Q3FY22 Q3FY23 Q3FY22 Q3FY23

Jewellery

Note: 1. Figures in ₹ Crores, unless stated otherwise 2. Total figures include Corporate segment 3. Emerging Businesses include Fragrances and Fashion Accessories, Indian Dress Wear 4. EBIT includes Other Income 5. EBIT from International Business is included in the respective divisions

Watches & Wearables

EyeCare

Emerging Businesses

Total

Q3FY23 Total Income Highlights - Consolidated

89%

Segment(1,5)

Jewellery(3)

Total Income

YoY Growth%

10,131

12.5%

10,131

9,005

Watches & Wearables

811

14.2%

EyeCare

174

11.5%

Other Businesses(4)

Total(2,3)

214

59.4%

11,383

13.4%

811

174

710

156

134

214

11,383

10,040

Q3FY22

Q3FY23

Q3FY22

Q3FY23

Q3FY22

Q3FY23

Q3FY22

Q3FY23

Q3FY22

Q3FY23

Note: 1. Figures in ₹ Crores, unless stated otherwise 2. Total figures include Corporate segment 3. 4. Other Businesses include Emerging Business Divisions of Fragrances and Fashion Accessories, Indian Dress Wear and the Subsidiaries TEAL and TCTL 5. Total Income from International Business is included in the respective divisions

Jewellery and Total figures exclude bullion sale

Q3FY23 EBIT Highlights - Consolidated

COMP/\NY

14.0%

1,401

11.6%

1,324

14.3%

12.3%

1,288

1,243

11.2%

10.1%

- -

21.8%

18.4%

3.0%

(7.5)%

(16)

Q3FY22 Q3FY23 Q3FY22 Q3FY23 Q3FY22 Q3FY23

Q3FY22 Q3FY23 Q3FY22 Q3FY23

Jewellery

Watches & Wearables

Note: 1. Figures in ₹ Crores, unless stated otherwise 2. Total figures include Corporate segment 3. Other Businesses include Emerging Business Divisions of Fragrances and Fashion Accessories, Indian Dress Wear and the Subsidiaries TEAL and TCTL 4. EBIT includes Other Income 5. EBIT from International Business is included in the respective divisions

EyeCare

Others

Total

Business Highlights

Jewellery Watches & Wearables EyeCare Other Businesses CaratLane TEAL

TITAN COMPI\NY

2121

· ■-· ·-

Q3FY23 Jewellery Highlights

•

Total Income increased by ~11% YoY comprising of ~9.5% YoY growth from India operations. A healthy festive consumer demand helped domestic retail (secondary) sales clock ~15% YoY growth

• Average ticket sizes saw steady improvement over same period last year; The festive season saw healthy growth in walk-ins with stable buyer conversions

• Contribution from high value purchases increased in the overall pie; Larger price bands exhibited faster growth than entry ticket-sizes, particularly in the studded category

•

Sales contribution from Golden Harvest (GH) program have reached pre-Covid levels; The GH enrolments witnessed healthy double digit growth in the quarter

• Division continued to invest in

•

Pursuing market share growth through high visibility marketing, inventory infusion and competitive offers/ pricing

• Augmenting digital capabilities and strengthening talent to enhance

competitive advantages for the future EBIT came at ₹ 1,236 cr clocking a margin of 13.0%

Tanishq opened its first boutique store in New Jersey, USA in December 2022 taking the total international count to 6 stores

•

Note: Total Income excludes bullion sale

₹ 9,518 cr Total Income

₹ 1,236 cr EBIT

11.2% YoY Growth

13.0% EBIT Margin

Distribution of key categories as % of Jewellery division sales

27%

26%

73%

74%

Q3FY20

Q3FY22

Q3FY23

Studded Jewellery

Gold Jewellery, Coins and Others

Glimpses of Tanishq’s Colour Me Joy Campaign

Colour Me Joy – The Carnival Edit

For all those who add wonder to the world

Video hyperlinks embedded for the above campaign

Glimpses of Tanishq’s Festive Collection and Campaigns

Video hyperlinks embedded for the above campaign

Alekhya Inspired by the art forms of Pichwai and Miniature paintings, from Rajasthan. With resplendent neckwear, earrings, and handcrafted jewellery that exude intricate craftsmanship and vivid hues, every piece in this collection is an ode to you- the women of today. To the karigar who crafts her own life, proudly celebrating many new firsts

Glimpses of Zoya’s New Collections and Campaigns

TIT/\

Sparkling Affirmations

She weaves threads of her thoughts, wishes, and emotions onto

cards that are more than just a routine, in little things that find

themselves wrapped in love. Her affirmations breathe a tinge of

ceaseless joy within the season

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I I I I I I I I I I I I I

Beyond - A Boundless Journey

Inspired by the iconic Indus river

Our landmark collection and in a never seen before design space

Video hyperlinks embedded for the above campaigns

Glimpses of Mia’s New Collections

A TATA PRODUCT

miabytanishq.com

A TATA PRODUCT

3822DYX • 3822NVX • 282 1 OOC

3822FNJ • 3822FUU • 3822SNK

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• 2922VBJ •

Q3FY23 Watches & Wearables Highlights

• Total Income grew by 14.6% YoY comprising primarily of 15.5% YoY growth from domestic operations. The Wearables sub-segment was a

key driver showing multi-fold increase over Q3FY22

• Growth in the analog segment was largely a function of improvement

in the Average Selling Price (ASP) in the portfolio

₹ 811 cr Total Income

14.6% YoY Growth

• Among key channels, E-Commerce grew the fastest followed by Helios

• Fastrack brand’s growth significantly outstripped that of the Division

thereby also improving its contribution to the Revenue pie

• Titan World channel continued to be a key beneficiary of the retail

store transformation journey growing in double digits YoY

• EBIT came in at ₹ 89 cr clocking a margin of 11.0%

• Store expansions pan-India (net) included 24 new store additions of

Titan World, 17 of Helios and 7 in Fastrack for the quarter

₹ 89 cr EBIT

11.0% EBIT Margin

Glimpses of Titan’s New Collections and Campaigns

Metal Mechanical

Bold skeletal

automatics with

concave dials and

solid metal bracelets.

The collection sports

a full Titanium edit

as well

Raga Ceramics

Sophisticated ceramic timepieces for women with refined taste

Quartet - Timepieces crafted drawing inspiration from the world of music

Video hyperlink embedded for the ‘For the love of Watches’ campaign aired during Diwali

Glimpses of Nebula’s New Collections

TIT/\ COMP/\NY

Art Deco

Watches inspired by the bold yet functional design language of Art Deco Architecture

Badrum

Handcrafted watches, embellished with polki diamonds, rubies and lapiz lazuli stones, and finished with intricate kundan and partaj karigari

I :--------- ' I

I I I I I I I I I I I

I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I

Influencer reel for Dhanteras with acclaimed actor Shriya Saran

Glimpses of Titan Clock and Zoop’s New Collections

Shelf Clocks

Launched first

wooden shelf clocks

from Titan, in the

kids and classic

spaces

Table Clocks

Launched the first

table clocks from

Titan. Contemporary

designs made of

resin material having

an open dial, giving it

a modern and simplistic look

Zoop Marvel Digital variants taking design inspiration from various MarvelTM characters

Glimpses of Fastrack’s New Collections and Campaigns

To pick your Quirky ending, Comm•nt on this post

. • .. •

.. Q i ✓

•

Fastrack Quirks

Extensive TV + Digital Plan in Key States. Tech Innovation with Pick your own ending for the Ad Sponsored Youtube show – ‘Relationshit Advice with Raunaq Rajani’

Style Up 2.0

A beautiful range of

high fashion watches

featuring an all new

plating colour - Forest Green

This collection has both

guys & girls watches

with Multifunction, Day

& Date functionality

After Dark

An all guys collection riding on the trend of browns. Featuring beautiful watches for everyday wear in shades of brown and varied functionality

Video hyperlinks embedded for the ‘Fastrack Quirks’ campaign

Glimpses of International Brand New Collections

Tommy Hilfiger

New Fall Winter’22 collection launched with Shahid Kapoor as the face of the brand. The collection brings in newer propotions-50mm cases and new TH monogram logo.

The collection has 19 variants

Coach

Collection: Festive

A collection of elegant & sophisticated timepieces launched in full Ceramics, Studded Bezels and unique pressed Mesh Bracelets.

The collection has 10 SKUs

Video hyperlinks embedded for the ‘Tommy Hilfiger’ and ‘Coach’ campaigns

Anne Klein

Fall Winter’22 collection with elevated acetates and Crystal watches. A perfect match for the wedding season. The collection has 13 variants

Glimpses of Wearables Collections

C0MP/\NY

INTRODUCING

TITAN TALK

BT Calling with CrystalVoice™ Technology

Al Voice Assistant I Music Storage and Playback In-built Games I 20 Multi-Sports I 100+ Watch Faces Heart Rate Monitor I Camera Control

ali TITAN SMART

Fa§t,-acli REFLEXP~ Y +

Fa§t,-ach REFLEXP~ Y +

H O W WITH __

BLOOD PRESSURE MONITORING

IUILT-IN GAMES

ANIMATED WATCHFACH

HEART RATE MONITOR

MUSIC l CA.HERA CONTROL

NOW WITH- -

BT CALLING

100+ WATCH FACES

I tAd~ PRE-BOOK NOW I

Video hyperlinks embedded for the above campaigns

Q3FY23 EyeCare Highlights

• Division grew by 11.5% YoY, with House brands growing the fastest

whilst improving its share in the overall Revenue pie

• Amongst categories, Revenues from Lenses and Sunglasses grew

faster as compared to Frames

• Within channels, Titan Eye+ grew in-line to overall Division growth

whereas sales from Trade channel grew at a much faster clip

• The Average Selling Price witnessed marginal growth in low single

digits compared to same period last year

• EBIT came in at ₹ 32cr clocking a margin of 18.4%

• Titan Eye+ opened its first international store in Dubai in the month

of December 2022

• Division expanded its nation-wide presence adding 36 new stores in

Titan Eye+ (net) for the quarter

₹ 174 cr Total Income

11.5% YoY Growth

₹ 32 cr EBIT

18.4% EBIT Margin

Glimpses of Fastrack Specs Store Campaigns

COMP/\NY

Fastrack Naturewear – Nature will love you back

Video hyperlink embedded for the ‘Fastrack Naturewear’ campaign

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LOVED BY MA•UR

Q3FY23 Emerging Businesses Highlights

₹ 89 cr Total Income

71.8% YoY Growth

₹ (17) cr EBIT

(19.1)% EBIT Margin

• Revenue grew by 71.8% YoY in the Emerging Businesses comprising of Fragrances and Fashion Accessories (F&FA), and Indian

Dress Wear (Taneira). Within this, F&FA clocked ~37% growth YoY whereas Taneira grew by ~150% YoY

•

In F&FA, Fragrances grew 46% YoY and Fashion Accessories clocked growth of ~21% YoY. Amongst major channels, Trade and

E-Com clocked higher growths than the overall Division. Division launched the ‘IRTH’ brand of women handbags during the

quarter

Taneira sales grew by ~150% YoY driven by new store openings and healthy double digit growth from existing stores. The

customer response during the festive season was quite encouraging. The brand opened 5 new stores during the quarter,

taking the total store count to 36 covering 17 cities. Bhubaneshwar, Patna and Gurugram were new city additions in the

quarter with a store in each city and 2 stores were opened in the existing cities of Bengaluru and Chennai

The quarter was a season of festivals and weddings. Taneira, added cheer and joy to consumer celebrations through its

exquisite collection of handcrafted sarees and kurta sets

INTRODUCING

Glimpses of IRTH’s New Product Launches

IRTH introduces 98 SKUs priced between INR 495 to INR 5,995

IRTH Regulars

Bag Categories loved by all

IRTH Delights

Special Need Bags that are both functional and stylish IRTH Mom Bag introduced as the first concept in Delights

Video hyperlinks embedded for the above launches

IRTH Organisers

THE WINS IN LESS THAN 3 MONTHS

Product Win • Detachable organisers loved by all! Already in Top 4 categories for the brand.

Brand Win • • • •

13,000+ organic Google searches within two months of launch Irth.in: 7.5 lac customers acquired, 20% brand sessions generated organically Shopper’s Stop: Presence in 27 Stores, ranked 1-4 in 40% of stores 4,000+ Instagram followers so far

Glimpses of Fragrances and Fashion Accessories Collections and Campaigns

LAUNCH OF AUTUMN WINTER’22 CAMPAIGN - ‘WEAR IT YOUR WAY’

Video hyperlinks embedded for the above campaigns

Glimpses of Taneira’s Diwali Campaign and New Collections

COMP/\NY

“THE HOMECOMING” festive and wedding campaign saw Taneira making an impactful presence on print, outdoor and digital media

Brand successfully launched an exclusive collection “Ajnaa" - a hand painted batik and hand block printed Murshidabad silk sarees with kantha embroidery in contemporary design

Festive Collection

• aJnaa -------pril'llt,d ·-- _Ml. ___ __,,

Video hyperlinks embedded for ’The Homecoming’ campaign

Celebrating the Rich Culture of India – Events Sponsored by Taneira

Triveni Classical Music Concert

Featuring Ustad Zakir Hussair

n ROYSTEN ABEL

U oy B owol o r

Sumesh Nora anon

Weaving Voices

Musical Concert featuring Bombay Jayashri

Key Subsidiaries Highlights: CaratLane 72.3% owned Subsidiary

•

Total Income grew by 51.3% YoY driven by gifting campaigns around the festive

season from beginning of Navratri and continuing right till Bhai Dooj to capture

consumer buying intent for the period

• Revenue from the key category of Studded grew at ~57% YoY.

It continues to

•

contribute ~75% of the total business

EBIT came in at ₹ 64 cr with a margin of 9.4%

₹ 677 cr Total Income

51.3% YoY Growth

The #MereStyleKiDiwali campaign focusing on family gifting was launched during the

festive season of Karva Chauth, Dussehra, Dhanteras, Diwali, and Bhai Dooj

Jewellery gifting campaigns for kids saw the exciting launch of the Harry Potter

collection in partnership with Warner Bros during the quarter celebrating one of the

world’s most loved and magical book series. Post Diwali, the Children’s Day campaign

₹ 64 cr EBIT

building brand and category relevance for kids gifting was launched

The network expansion in Tier-2 and Tier-3 cities in India continued with addition of

18 new stores (net) across towns of Dehradun, Trichy, Bhilai, Lucknow, Ranchi, Kanpur,

Panipat, Anantapur etc.

9.4% EBIT Margin

Glimpses of CaratLane Campaigns

#MereStyleKiDiwali was the highlight Diwali campaign theme showcasing unique ways of celebrations

CaratLane X Harry Potter Garnered over 5mn views and reached 105mn+ users on social media

Video hyperlinks embedded for the above campaigns

I ✓

Key Subsidiaries Highlights: Titan Engineering & Automation Limited Wholly owned Subsidiary

• Total

Income at ₹ 125 cr grew by 52.7% YoY with

Manufacturing Services* (MS) division growing much faster

than Automation Solutions (AS) division

• The AS division saw one of its highest ever order inflows of ₹ 250 cr during the quarter. The order pipeline and

enquiries continue to be healthy

• EBIT for the quarter was ₹ 0.4 cr with 0.3% margin

₹ 125 cr Total Income

52.7% YoY Growth

₹ 0.4 cr EBIT

0.3% EBIT Margin

Two-wheeler Battery Pack Line

Assembly Line

* Earlier known as Aerospace and Defence division

MCB Assembly Line

Retail Network

Jewellery Presence Watches & Wearables Presence EyeCare Presence Taneira Presence Retail Growth

TITAN COMPI\NY

4646

· ■-· ·-

Titan Jewellery Presence

411* Stores 8

93 Stores 14

6 Stores -

175 Stores 18

1.64mn Area sq. ft. 70K

47K Area sq. ft. 10K

20K Area sq. ft. -

191K Area sq. ft. 30K

245 Town Presence 3

38 Town Presence 4

4 Town Presence -

67 Town Presence 6

zo A

A TATA PRODUCT

Note: 1. Net Additions vis-à-vis previous quarter ended September 30, 2022 2. *includes 5 stores in GCC, and 1 store in New Jersey, North America

Tanishq’s International Presence

Tanishq – New Jersey

Tanishq Abu Dhabi

Tanishq – Al Barsha

Titan Watches & Wearables Presence

TIT/\N COMP/\NY

Exclusive Brand Outlets Presence

Multi Brand Outlets Presence

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THE W/\TC ► I STORE

601 Stores 24

182 Stores 17

170 Stores 7

446K Area Sq. ft. 13K

136K Area Sq. ft. 10K

81K Area Sq. ft. 2K

293 Town Presence 20

74 Town Presence 7

80 Area Sq. ft. 3

8,000+ Multi Brand Retailers (MBR)

~600 Large Format Stores (LFS)

2,100+ MBR Town Presence

159 LFS Town Presence

Note: Net Additions vis-à-vis previous quarter ended September 30, 2022

· · ·-

TITAN EYE+

Titan EyeCare Presence

858* Stores 36

5 Stores -

525K Area Sq. ft. 21K

5.8K Area Sq. ft. -

354 Town Presence 19

1 Town Presence -

Note: 1. Net Additions vis-à-vis previous quarter ended September 30, 2022 2. *includes 1 store in Dubai, GCC

Titan Indian Dress Wear Presence

TANEIRA

A TATA PRODUCT

36 Stores 5

101K Area sq. ft. 13K

17 Town Presence 3

Patna Store Note: Net Additions vis-à-vis previous quarter ended September 30, 2022

Q3FY23 Retail UCP Growth

Total Q3 YoY Growth%

Like to Like Q3 YoY Growth%

COMPANY

14%

60%

14%

19%

32%

20%

14%

35%

18%

11%

25%

CARAT LANE

A l_ANiS llQ Partnership

\Jli TITAN

Fa5trach

, ,, HcLIOS

Large Format Stores

TITAN EYE+

Note: 1. Retail UCP (Uniform Consumer Price) growth captures secondary sales in Titan branded retail stores (including franchisees) and Large Format Stores; Whereas the reported revenue (net of

discounts, payouts & GST) comprises of secondary sales to consumers in L1 and L2 stores and primary sales to L3 stores, distribution partners and institutional clients

2. All growth numbers referred to are of Titan’s domestic retail business

YTD FY23 Retail UCP Growth

Total YTD YoY Growth%

Like to Like YTD YoY Growth%

COMPANY

42%

105%

53%

56%

69%

71%

36%

75%

47%

56%

46%

86%

CARAT LANE

A l_ANiS llQ Partnership

\Jli TITAN

Fa5trach

, ,, HcLIOS

Large Format Stores

Note: 1. Retail UCP (Uniform Consumer Price) growth captures secondary sales in Titan branded retail stores (including franchisees) and Large Format Stores; Whereas the reported revenue (net of

41%

TITAN EYE+

27%

discounts, payouts & GST) comprises of secondary sales to consumers in L1 and L2 stores and primary sales to L3 stores, distribution partners and institutional clients

2. All growth numbers referred to are of Titan’s domestic retail business 3. YTD numbers include Covid disrupted Q1FY22 and hence strictly not comparable to same data from earlier periods

Financial Update

Statement of Profit and Loss Total Income and EBIT Capital Employed Balance Sheet Performance Trends Others (Dividend, Market Capitalization and Shareholding Pattern)

TITAN COMPI\NY

5454

· ■-· ·-

Standalone P&L – Q3FY23 and YTD FY23

Note: 1. Other operating revenue includes bullion sale of ₹ 315 cr and ₹ 54 cr in Q3FY23 and Q3FY22 respectively; ₹ 1,153 cr and ₹ 670 cr in YTD FY23 and YTD FY22 respectively 2. Profitability & Expense percentages are computed on Total Income excluding bullion sales

Q3FY22Q3FY23YoY%Profit and Loss statement (in ₹ Crores)YTD FY22YTD FY23YoY%9,38110,44411.3%Sale of products / services19,08227,07141.9%134431Other operating revenue8521,4955591Other Income1701959,57010,96614.6%Total Income20,10428,76143.1%7,1718,37216.7%COGS15,15521,56342.3%2,3992,5948.1%Gross Contribution4,9497,19845.4%25.2%24.4% (86) bps%25.5%26.1%61 bps27634224.0%Employee benefits expense81599121.6%17220318.0%Advertising31854772.0%49762826.4%Other expenses1,1491,73851.3%9451,17324.2%Total Overheads2,2823,27643.6%1,4541,421(2.3%)EBITDA2,6673,92247.1%15.3%13.3% (194) bps%13.7%14.2%48 bps85939.4%Depreciation2592693.9%1,3691,328(3.0%)EBIT2,4083,65351.7%14.4%12.5% (192) bps%12.4%13.2%84 bps526117.3%Finance cost14116617.7%1,3171,267(3.8%)PBT2,2673,48753.8%13.8%11.9% (195) bps%11.7%12.6%96 bps330316Tax578887987951(3.7%)PAT1,6892,60053.9%10.4%8.9% (144) bps%8.7%9.4%73 bpsConsolidated P&L – Q3FY23 and YTD FY23

Q3FY22Q3FY23YoY%Profit and Loss statement (in ₹ Crores)YTD FY22YTD FY23YoY%9,90311,16712.8%Sale of products / services20,15028,70942.5%134442Other operating revenue8531,5065789Other Income15819410,09411,69815.9%Total Income21,16130,40943.7%7,5018,84017.9%COGS15,81522,50842.3%2,5932,85810.2%Gross Contribution5,3467,90147.8%25.8%25.1% (72) bps%26.1%27.0%92 bps32441127.0%Employee benefits expense9541,19024.8%20827331.0%Advertising39271582.3%56273831.2%Other expenses1,2962,01255.2%1,0941,42229.9%Total Overheads2,6423,91748.3%1,4991,436(4.2%)EBITDA2,7043,98447.3%14.9%12.6% (231) bps%13.2%13.6%42 bps9811315.6%Depreciation2973228.4%1,4011,324(5.5%)EBIT2,4083,66352.1%14.0%11.6% (232) bps%11.7%12.5%77 bps577939.1%Finance cost15720429.9%(0)1Share of profit/ (loss) of Associate011,3441,245(7.4%)PBT2,2513,45953.7%13.4%10.9% (245) bps%11.0%11.8%84 bps332332Tax5809211,012913(9.8%)PAT1,6712,53851.8%10.1%8.0% (206) bps%8.2%8.7%52 bpsTotal Income and EBIT – Q3FY23

Note: 1. Emerging Businesses include Fragrances and Fashion Accessories, Indian Dress Wear 2. Others consist of Titan Subsidiaries excluding CaratLane and TEAL 3. EBIT margin is calculated on Total Income excluding bullion sale 4. Total Income and EBIT from International Business is included in the respective divisions

N.M. - Not Meaningful

Total Income(in ₹ Crores)Q3FY22Q3FY23YoY%Jewellery8,5639,51811.2%Watches and Wearables70881114.6%EyeCare15617411.5%Emerging Businesses (1)528971.8%Corporate375960.5%Standalone (w/o bullion sale)9,51610,65111.9%Jewellery - Bullion sale54315Standalone9,57010,96614.6%Caratlane44767751.3%TEAL8212552.7%Others/ Consol. Adj. (2)(4)(70)Consolidated10,09411,69815.9%EBIT (in ₹ Crores)Q3FY22Q3FY23YoY%Jewellery1,2601,236(1.9%)Watches & Wearables82898.0%EyeCare3432(4.9%)Emerging Businesses(3)(17)Corporate(4)(12)Total1,3691,328(3.0%)Caratlane336493.0%TEAL50(92.3%)Others/ Consol. Adj. (2)(6)(68)Total1,4011,324(5.5%)EBIT Margin (3)Q3FY22Q3FY23YoYJewellery14.7%13.0%(173) bpsWatches and Wearables11.6%11.0%(67) bpsEyeCare21.6%18.4%(317) bpsEmerging Businesses(6.6%)(19.1%)N.M.Standalone14.4%12.5%(192) bpsConsolidated14.0%11.6%(232) bpsTotal Income and EBIT – YTD FY23

Total Income(in ₹ Crores)YTD FY22YTD FY23YoY%Jewellery17,13624,32141.9%Watches and Wearables1,6872,42543.8%EyeCare38352437.0%Emerging Businesses (1)11221894.4%Corporate1161203.3%Standalone (w/o bullion sale)19,43427,60842.1%Jewellery - Bullion sale6701,153Standalone20,10428,76143.1%Caratlane8991,60878.9%TEAL20333765.9%Others/ Consol. Adj. (2)(44)(297)Consolidated21,16130,40943.7%EBIT (in ₹ Crores)YTD FY22YTD FY23YoY%Jewellery2,2603,36648.9%Watches & Wearables118315167%EyeCare589665.1%Emerging Businesses(20)(45)Corporate(8)(79)Total2,4083,65351.7%Caratlane43127196%TEAL39199%Others/ Consol. Adj. (2)(46)(126)Total2,4083,66352.1%EBIT Margin (3)YTD FY22YTD FY23YoY%Jewellery13.2%13.8%65 bpsWatches and Wearables7.0%13.0%598 bpsEyeCare15.2%18.3%313 bpsEmerging Businesses(18.3%)(20.6%)(237) bpsStandalone12.4%13.2%84 bpsConsolidated11.7%12.5%77 bpsCapital Employed - Standalone

Note: Emerging Businesses include Business Divisions of Fragrances and Fashion Accessories, Indian Dress Wear

Business Segment(in ₹ Crores)31-Dec-2131-Dec-2231-Dec-2131-Dec-2231-Dec-2131-Dec-22Jewellery11,05515,2199,56811,7471,4873,472Watches & Wearables2,1562,7418439841,3121,757EyeCare442620242372201248Emerging Businesses (1)1663268016886158Corporate (unallocated)5,9965,9622223445,7745,618Total19,81524,86810,95513,6158,86011,253Segment AssetsSegment LiabilitiesCapital EmployedCapital Employed - Consolidated

Note: Other Businesses include Emerging Business Divisions of Fragrances and Fashion Accessories, Indian Dress Wear and the Subsidiaries TEAL and TCTL

Business Segment(in ₹ Crores)31-Dec-2131-Dec-2231-Dec-2131-Dec-2231-Dec-2131-Dec-22Jewellery12,03017,15310,22613,3891,8033,764Watches & Wearables2,1982,7718559941,3441,777EyeCare442620242372200248Other Businesses (1)696905278397418508Corporate (unallocated)5,2455,2072213445,0244,863Total20,61126,65611,82215,4968,79011,160Segment AssetsSegment LiabilitiesCapital EmployedQuarterly Performance Trends: Consolidated

Operating Income and YoY Growth%

40%

4,103

29%

3,583

4,363

8.8%

4,107 12%

4,451

8.5%

4,567 27%

5,871

35%

6,528

4,889

5,151

4,662

19%

16%

2.1%

11%

4,711

-3.6%

FY18: 16,156; 21%

FY19: 19,779; 22%

FY20: 21,052; 6.4%

7,279

7,469

121%

59%

12%

3,049

4,162

-11%

1,378

-73%

FY21: 20,288; (3.6)%

11,294

9,983

198%

8,681

7,421

9,087

7,301

75%

37%

-0.6%

FY22: 27,754; 37%

19%

13%

YTD: 29,062

Q1'18

Q2'18 Q3'18

Q4'18

Q1'19

Q2'19

Q3'19 Q4'19

Q1'20

Q2'20

Q3'20

Q4'20

Q1'21

Q2'21

Q3'21 Q4'21

Q1'22

Q2'22

Q3'22

Q4'22 Q1'23

Q2'23

Q3'23

11.0%

397

8.4% 349

9.1% 398

9.7% 401

10.4% 467

10.1% 600

9.6% 439

10.0% 520

9.1% 452

FY18: 9.5%

FY19: 9.8%

10.7% 509

9.9% 648

9.1% 425

FY20: 9.9%

PBT and PBT%

1,344

13.4%

741 10.1%

730 9.7%

11.8%

868

707 9.4%

1,072 11.7%

1,142

13.1%

1,245

10.9%

217

5.2%

FY21: 6.5%

-361

1.3%

FY22: 10.6%

YTD: 11.8%

Q1'18

Note: Q2'18 Q3'18 1. Figures in ₹ Crores, unless stated otherwise 2. Operating Income excludes bullion sale and Other Income 3. PBT is before exceptional items; PBT% is computed on Total Income

Q4'18

Q1'19

Q3'19

Q2'19

Q4'19

Q1'20

Q2'20 Q3'20

Q4'20

Q1'21

Q2'21

Q3'21 Q4'21

Q1'22

Q2'22

Q3'22

Q4'22

Q1'23

Q2'23

Q3'23

Quarterly Performance Trends: Jewellery - Consolidated

Total Income and YoY Growth%

3,649

3,358

3,643

3,645

4,105

4,164

3,650

3,899

3,592

4,997

5,606

71%

2,626

78%

10,131

9,005

204%

7,515

6,496

6,653

6,379

6,468

7,995

10%

14%

FY18: 13,257; 25%

6.3%

29%

37%

22%

FY19: 16,390; 24%

14%

0.1%

12%

-5.0%

FY20: 17,319; 5.7%

1,222

-1.6%

16%

FY21: 17,963; 3.7%

39%

FY22: 24,478; 36%

-2.8%

18% YTD: 25,641

13%

3,425 59%

2,825

29%

Q1'18

Q2'18 Q3'18

Q4'18

Q1'19

Q2'19

Q3'19 Q4'19

Q1'20

Q2'20

Q3'20

Q4'20

Q1'21

Q2'21

Q3'21 Q4'21

Q1'22

Q2'22

Q3'22

Q4'22 Q1'23

Q2'23

Q3'23

% of Year

26%

21%

28%

25%

22%

31%

25%

24%

21%

32%

23%

20%

36%

37%

11%

26%

37%

26%

EBIT and EBIT Margin%

12.4%

12.7%

12.9%

12.2%

9.4%

324

10.0%

10.5% 10.4%

647

10.5% 10.4%

349

366

426

384

378

499

438

379

12.6%

704

13.6%

530

11.8%

10.8%

766

717

8.0%

286

7.5%

198

1,288

14.3%

12.6% 803

13.2%

1,052

12.1% 780

1,243

14.5%

1,088

12.3%

FY18: 11.1%

FY19: 11.6%

FY20: 11.8%

FY21: 9.5%

FY22: 12.5%

YTD: 13.2%

Q1'18

Q2'18 Q3'18

Note: 1. Figures in ₹ Crores, unless stated otherwise 2. Total Income excludes bullion sale

Q4'18

Q1'19

Q2'19

Q3'19 Q4'19

Q1'20

Q2'20

Q3'20

Q4'20

(68) Q1'21

Q2'21

Q3'21 Q4'21

Q1'22

Q2'22

Q3'22

Q4'22 Q1'23

Q2'23

Q3'23

Quarterly Performance Trends: Jewellery

YoY Grammage Growth% and YoY Gold Rate change (22 kt)

YoY Grammage Growth%

YoY Gold Rate change

49%

-1%

-6%

-3%

24%

20%

15%

43%

38%

170%

26%

22%

21%

32%

124%

101%

47%

15%

45%

-4%

-7%

10%

-7%

-5%

-14%

-20%

-14%

-31%

-81%

Q1'18 Q2'18 Q3'18 Q4'18 Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23

Note: Grammage Growth is for Gold segment (excluding bullion and coins) in Jewellery (Standalone)

Quarterly Performance Trends: Watches & Wearables - Consolidated

Total Income and YoY Growth%

578

543

519

492

679

641

596

531

716

720

627

558

10%

1.1%

5.9%

-2.5%

15%

17%

18%

7.9%

20%

6.1%

-2.2%

5.1%

786 168%

830

811

689

710

625

72%

293

29%

12%

21%

14.2%

401

551

559

0.2%

-12%

FY18: 2,132; 3.4%

FY19: 2,447; 15%

FY20: 2,622; 7.1%

-44%

FY22: 2,317; 46%

YTD: 2,427

FY21: 1,587; (39)%

Q1'18

Q2'18 Q3'18

Q4'18

Q1'19

Q2'19

Q3'19 Q4'19

Q1'20

Q2'20

Q3'20

Q4'20

Q1'21

Q2'21

Q3'21 Q4'21

Q1'22

Q2'22

Q3'22

Q4'22 Q1'23

Q2'23

Q3'23

% of Year

24%

27%

25%

23%

24%

28%

26%

22%

27%

24%

21%

25%

35%

13%

30%

31%

27%

EBIT and EBIT Margin%

14.3%

12.7%

9.6%

22 4.4%

16.7% 16.4% 111

100

43 6.8%

12 2.3%

119 16.6%

104 14.4%

54 9.7%

39 6.2%

FY20: 12.1%

FY18: 10.5%

FY19: 10.9%

90 13.1%

80 11.2%

122

14.8%

98 12.5%

82 10.1%

-1.4% (9)

YTD: 12.5%

(61)

FY22: 4.3%

YTD: 13.4%

38 6.8%

15 2.7%

-3.0% (12)

FY21: (8.3)%

Q1'18

Q2'18 Q3'18

Q4'18

Q1'19

Q2'19

Q3'19 Q4'19

Q1'20

Q2'20

Q3'20

Q4'20

(173) Q1'21

Q2'21

Q3'21 Q4'21

Q1'22

Q2'22

Q3'22

Q4'22 Q1'23

Q2'23

Q3'23

Note: Figures in ₹ Crores, unless stated otherwise

Quarterly Performance Trends: Watches & Wearables

Watches & Wearables Volume Growth YoY%

COMP/\NY

109%

I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I

21%

16%

10%

13%

I I I I I I I I I I I I I I I I I I I I I I I I I

I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I

I I I I I I I I I I I I I I I I I I I I I I I

11%

- - ■

-1%

i -i

-1%

I -: I

-5%

-10%

67%

-·

-4%

21%

- - - I

-1%

-26%

-48%

Q1'18 Q2'18 Q3'18 Q4'18 Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23

Note: Volume Growth is for combined Watches & Wearables (Standalone)

Quarterly Performance Trends: EyeCare - Consolidated

Total Income and YoY Growth%

132

120

129

128

149

154

133

108

124

127

183 173%

167

174

160

156

134

70%

113

101

109

2.1%

-0.9%

2.3%

-2.6%

FY18: 415; 0.1%

40%

16%

19%

18%

13%

FY19: 509; 23%

28%

2.9% FY20: 544; 6.9%

-16%

-7.0%

FY21: 375; (31)%

18%

26%

5.1%

FY22: 517; 38%

11.5%

YTD: 524 4.9%

% of Year

Q1'18 27%

Q2'18 Q3'18 25% 22%

Q4'18 26%

Q1'19 26%

Q2'19 24% 25%

Q3'19 Q4'19 25%

Q1'20 27%

Q2'20 28%

Q3'20 25%

Q4'20 20%

Q1'21 8%

-39% Q2'21 25%

Q3'21 Q4'21 34% 33%

Q1'22 13%

Q2'22 31%

Q3'22 30%

Q4'22 Q1'23 26%

Q2'23

Q3'23

EBIT and EBIT Margin%

3 2.8%

1 1.3%

(4) -4.8%

FY18: 0.6%

2 2.1%

2 1.3%

1 0.4%

-0.1% (0)

-3.5% (4)

FY19: (0.5)%

2 1.3%

2 1.7%

-7.7% (11)

-5.0% (7)

FY20: (2.6)%

(31)

17.7% 18.1%

9.6%

FY21: 6.1%

34 23.0% 21.6%

19.8%

32 18.4%

28 16.5%

YTD: 18.3%

FY22: 10.6%

-2.2% (3)

(13)

Q1'18

Q2'18 Q3'18

Q4'18

Q1'19

Q2'19

Q3'19 Q4'19

Q1'20

Q2'20

Q3'20

Q4'20

Q1'21

Q2'21

Q3'21 Q4'21

Q1'22

Q2'22

Q3'22

Q4'22 Q1'23

Q2'23

Q3'23

Note: Figures in ₹ Crores, unless stated otherwise

Annual Consolidated Performance Trends

Total Income & YoY Growth%

27,988

PBT & PBT%

PAT & PAT%

21%

16,245

19,961

23%

21,204

20,474

37%

9.5%

9.8%

9.9%

10.6%

2,958

1,957

2,102

1,546

6.5%

1,327

6.8%

7.0%

1,389

1,493

1,102

4.8%

974

2,198

7.9%

-3%

FY21

7,502

FY22

9,333

FY18

FY19

FY20

Net Worth

6,673

6,084

5,088

FY18

FY19

FY20

FY21

FY22

FY18

FY19

FY20

FY21

FY22

33.4%

35.1%

ROCE%

32.0%

32.7%

ROE%

23.9%

24.9%

23.4%

26.8%

18.4%

13.7%

FY18

FY19

FY20

FY21

FY22

FY18

FY19

FY20

FY21

FY22

FY18

FY19

FY20

FY21

FY22

1. Figures in ₹ Crores, unless stated otherwise 2. Revenue excludes bullion sale of ₹ 1,357 cr in FY21 and ₹ 1,045 cr in FY22

3. EBIT & PAT excludes exceptional items for ROCE% and ROE% calculations 4. Net Worth includes Cash & Cash Equivalents

Annual Consolidated Performance Trends

Jewellery: Total Income & YoY Growth%

16.6% CAGR

17,319

17,963

24,478

36%

25%

13,257

16,390

24%

Watches: Total Income & YoY Growth% 2.1% CAGR 2,622

2,447

2,132

1,587

15%

46%

2,317

EyeCare: Total Income & YoY Growth% 5.6% CAGR

509

517

415

23%

544

375

38%

FY18

FY19

FY20

4% FY21

FY22

FY18

FY19

FY20

-39%

FY21

FY22

FY18

FY19

FY20

-31%

FY21

Watches: EBIT & Margin%

EyeCare: EBIT & Margin%

Jewellery: EBIT & Margin%

11.6%

11.8%

1,908

2,051

9.5%

1,701

12.5%

3,068

11.1%

1,465

10.5%

223

10.9%

267

12.1%

316

FY18

FY19

FY20

4.3%

100

FY22

-132

-8.3% FY21

FY22

10.7%

6.1%

0.6%

-2 -0.5%

-2.6%

-14

FY18 FY19 FY20 FY21 FY22

Note: 1. Figures in ₹ crores, unless otherwise stated 2.

Jewellery revenue excludes bullion sale of ₹ 1,357 cr in FY21 and ₹ 1,045 cr in FY22

Dividend

Dividend (₹ Crores)

Dividend Payout %

26%

25%

30%

28%

32%

444

29%

333

186

204

195

231

40%

666

31%

23%

355

FY13

FY14

FY15

FY16

FY17

FY18

FY19

FY20

FY21

FY22

Note: Dividend payout ratios exclude Dividend Distribution Tax

Market Capitalization & Shareholding Pattern

Market Capitalization (₹ Crores)

Shareholding Pattern as on December 31, 2022

25% CAGR

2,25,156

2,30,642

1,38,322

1,01,372

82,893

Retail 19%

Insurance Cos. & Banks 5%

Mutual Funds 6%

Foreign Institutional Investors 18%

Promoters 53%

FY19

FY20

FY21

FY22

Q3FY23

Note: Market capitalization (in ₹ Crores) based on Titan’s closing prices on National Stock Exchange (NSE) at the end of respective periods

Awards, ESG

Awards & Recognition Sustainability @ Titan

TITAN COMPI\NY

7171

· ■-· ·-

Awards & Recognition

MISSION ATMANIRBHAR BHARAT

-~ff~,

MCX empanels Another Domestic Gold Refiner TITAN COMPANY LTD to the MCX Good Delivery List for Gold Mini Contracts

MCX Good Delivery List

Winner – Vegan Fashion Awards 2022

Ifs not everyday that 1,30,616 people

get their eyes screened in a day.

And when they do, they help us win the

title

tests completed In 24 hours.

GUINNESS WORLD RECORD

for the most online eye screening

better. And , we're j ust getting started. -=--=

Our mission remains to help India SN

21 " April, 2022

TITAN EYE+

Guinness World Record 1.3 lakh eye tests in a single day across India

(

FLE

Sustainable. Flexible. Lightweight

Flexx Eyewear crafted from natural wood & titanium

Reddot Product & Smart Category Winner 2022

Mia by Tanishq The Maddies 2022

COMP/\NY

Sustainability @ Titan

CSR focus at Titan continues to be driven by broad themes of Upliftment of the underprivileged girl child, Skill Development for the under privileged and support for Indian Arts, Crafts and Heritage Titan actively continues to support local causes in the neighborhood as part of its responsible citizenship initiative

Titan Kanya

Titan LeAP

Kanya Sampoorna

Watershed Project

Home EyeCare in UP

Project Happy Eyes

IVDP Phase 2

Project Tarasha

Use of 100% Recycled Gold by Mia

Sustainability @ Titan

Girl Child/ Education

• Titan Kanya is being enlarged to include many more interventions called Kanya + • 4,200 Kanyas are being supported now in Raichur, Karnataka apart from the active support that is being currently provided in the states of Uttarakhand, Uttar Pradesh & West Bengal • Kanya Sampoorna reaches out to 7,000 Children (majority Girls) and 240 teachers at Yadgir, Karnataka and 27,600 Children at Cuddalore, Tamil Nadu

Water

• Locational water conservation initiatives continue, to reduce fresh water consumption

Support for Indian Arts, Crafts & Heritage

• Project Tarasha - On boarded and trained 42 craft entrepreneurs / entities panning across 25 craft forms from various states to enable online outreach to market • Chetana Project - Livelihoods for women and differently abled in Banana Fibre craft in Sirsi, North Karnataka. Training workshops conducted for 50 women (3 SHG’s) • Project KNIT – Reached out to 250 women knitters spread across 6 villages in Nainital and Bageshwar districts in Uttarakhand

Sustainability @ Titan

Skill development for underprivileged

New Programs Under Titan LeAP: • Partnered with Karna Vidya Foundation in Chennai to empower the visually impaired with digital and employability skills • Started a new batch of training in Mushroom Cultivation in association with People with Disability (APD) • Aided 34 trainees in Central Prison ITI Trichy's welding trade training • Partnered with Anudip Foundation to transform lives by making society equitable for marginalised women through digital inclusion in West Bengal

Responsible citizenship

• New Initiative started in Nagaland, aiming to enhance the livelihood of 1,500 tribal households and reaching out to a total of 7,500 individuals through agricultural development • Watershed program at Tamil Nadu with National Agro Foundation covering 3,500 hectares of land is progressing well • Happy Eyes Eyecare continued to expand its reach covering more than 2.5 Lakhs underprivileged individuals

Sustainability @ Titan

• Many initiatives on the Retail front / Visual Merchandising (VM) are being piloted – to make it a more greener experience. Examples include Introduction of E-Bills in EyeCare, Piloting recyclable material for VM etc. • Conversion of organic sludge into manure, recycling of Sewage Treatment Plant water resulting in saving of fresh water consumption, replenishment with energy efficient motors, lens waste in manufacturing for alternate use instead of incinerating etc. are being undertaken

• Creation of mini oxygen parks over slabs in Jewellery enhancing green coverage are being explored

Waste Management

Other Notable Initiatives

Thank You

For any queries, please email to investor-relations@titan.co.in

TIT/\N COMPI\NY

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