TITANNSE3 May 2023

Titan Company Limited has informed the Exchange about Investor Presentation

Titan Company Limited

SEC 16 / 2023-24

3rd May 2023

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: Fourth Quarter and Annual earnings presentation for FY 2022-23

Further to our communication dated on 20th April 2023, attached is a copy of the earnings presentation for the fourth quarter and year ended 31st March 2023 as required under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

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

May 3, 2023

Titan Company Limited

Earnings Presentation for the Quarter and Year ended March 31, 2023

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 | Our Business Segments | Lifestyle Brands

Performance Highlights Company Highlights| Total Income| EBIT

Awards, ESG Awards & Recognition | Sustainability @ Titan

Company Overview

Titan Journey Titan at a Glance Our Business Segments Lifestyle Brands

Titan Journey

1992

(1)

PED 2005

Accessories 2010

Conceived 1984

1998

2008

2013

1987

2003

2009

1996

2007

2011

Note: 1. PED was demerged to wholly-owned subsidiary as TEAL on April 1, 2017 (effective March 24, 2015) 2. Companies / Brands through acquisitions / joint ventures 3. Brand ‘IRTH’ for women’s bags was launched in October 2022 4. Process of sale of brand “Favre Leuba” and subsequent liquidation of the subsidiary has been initiated. The transaction closure is expected in FY24

(2,4)

2017

2016

(2)

2022

(3)

Titan at a Glance

₹ 387 bn

FY23 Total Income (1)

₹ 2,233 bn

Market Capitalization (2)

2,710

Stores

3.5 mn+

Retail Area sq ft

~10.4k

Employees on roll

Manufacturing and Assembly Facilities

22 mn+

Encircle Members

404

Town Presence

Note: 1. Total Income excludes bullion sales 2. Market Capitalization as of March 31, 2023 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

Leveraging technology in manufacturing

~7% Jewellery Market Share*

763 Retail Stores Network

~18% Digitally influenced Sales in Q4FY23

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

253 Town Presence Pan-India

11 New Campaigns / Collections Q4FY23

3 Assembly facilities in Roorkee, Pantnagar and Sikkim

2 Manufacturing facilities in Hosur and Coimbatore

Watches & Wearables

India’s Leading Watches Company

1,005 EBOs 8,000+ MBOs

5 Manufacturing & Assembly Facilities

306 Town Presence Pan-India

24 New Campaigns / Collections Q4FY23

Manufacturing facility at Chikkaballapur

2 Lens Lab facilities at Noida & Kolkata

EyeCare

India’s Most Trusted Optical Chain

901 Retail Stores Network

4.9 Google Store Ratings (5 lakh+ reviews)

352 Town Presence Pan-India

8 New Campaigns / Collections Q4FY23

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 - 58 Fastrack - 9

*based on internal sales data in the current fiscal year

Fashion Accessories

Thoughtfully Designed Bags

IRTH

Presence in 40 Shoppers Stop Outlets

Online Presence Tata CLiQ, Nykaa, Myntra and irth.in

Fastrack Girls Bags

Available in 80 Departmental Stores

Online Presence Tata CLiQ, Nykaa, Myntra, Flipkart and Amazon

Indian Dress Wear

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

41 Retail Stores

100+ Clusters*

22 Town Presence

3 New Campaigns / Collections Q4FY23

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

Lifestyle Brands

Watches & Wearables

Jewellery

EyeCare

Fragrances and Fashion Accessories

Indian Dress Wear

Luxury $$$$

Premium $$$$

Mid Market $$$$

Mass Market $$$$

Performance Highlights

Company Highlights Total Income EBIT

Company Highlights – Standalone

₹8,753 cr Total Income

25.5% YoY Growth

₹1,053 cr EBIT

12.0% EBIT Margin

• Company grew by 25.5%1 YoY in Q4FY23 achieving a standalone Total Income of ₹8,753 cr. The 3-year CAGR

was 25.1%

• Corresponding FY23 Total Income came to ₹36,361 cr, a growth of 37.7%1 YoY. FY22 had a low base due to Covid disruptions in Q1 & Q4FY22 and fragile geo-political situation during the end of the fiscal year. The 3-year

CAGR was 21.7%

• Standalone EBIT2 for the quarter was ₹1,053 cr (higher by ~37% YoY) and clocking 12.0% EBIT margin

• Standalone EBIT2 for FY23 came in at ₹4,705 cr (a growth of ~48% YoY) with 12.9% EBIT margin

• The Board of Directors at its meeting held on May 3, 2023 has recommended a dividend of ₹10 per equity share for the year ended 31 March 2023. The same is subject to shareholders' approval in the ensuing Annual

General Meeting.

Note: 1. Total Income excludes bullion sales of ₹1,055 cr and ₹375 cr in Q4FY23 and Q4FY22 respectively; ₹2,208 cr and ₹1,045 cr in FY23 and FY22 respectively 2. EBIT includes Other Income of ₹104 cr and ₹76 cr in Q4FY23 and Q4FY22 respectively; ₹299 cr and ₹246 cr in FY23 and FY22 respectively

Q4FY23 Total Income Highlights - Standalone

87%

10%

Segment(1,5)

Jewellery(3)

Total Income

YoY Growth%

7,576

23.5%

7,576

6,132

Watches & Wearables

871

40.0%

EyeCare

165

22.8%

Emerging Businesses(4)

83.9%

Total(2,3)

8,753

25.5%

871

165

134

622

6,977

8,753

Q4FY22

Q4FY23

Q4FY22

Q4FY23

Q4FY22

Q4FY23

Q4FY22

Q4FY23

Q4FY22

Q4FY23

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 sales of ₹1,055 cr and ₹375 cr in Q4FY23 and Q4FY22 respectively

Q4FY23 EBIT Highlights - Standalone

12.7%

13.2%

997

780

11.0%

12.0%

1,053

770

2.6%

11.3%

(2.2)%

1.2%

(3)

(34.8)% (42.9)%

(15)

(33)

Q4FY22 Q4FY23 Q4FY22 Q4FY23 Q4FY22 Q4FY23

Q4FY22 Q4FY23 Q4FY22 Q4FY23

Jewellery

Watches & Wearables

EyeCare

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, and excludes exceptional items of Voluntary Retirement Scheme (VRS) expenses of ₹51 cr in Q4FY22 5. EBIT from International Business is included in the respective divisions

Emerging Businesses

Total

Q4FY23 Total Income Highlights - Consolidated

86%

Segment(1,5)

Jewellery(3)

Total Income

YoY Growth%

8,065

24.7%

Watches & Wearables

883

41.3%

EyeCare

Other Businesses(4)

Total(2,3)

165

22.8%

251

9.6%

9,419

25.6%

9,419

8,065

6,468

883

625

134

165

229

251

7,497

Q4FY22

Q4FY23

Q4FY22

Q4FY23

Q4FY22

Q4FY23

Q4FY22

Q4FY23

Q4FY22

Q4FY23

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 sales of ₹1,055 cr and ₹375 cr in Q4FY23 and Q4FY22 respectively

Q4FY23 EBIT Highlights - Consolidated

12.1%

12.4%

1,004

780

10.2%

11.5%

1,084

768

(1.4)%

12.0%

106

(2.2)%

1.2%

2.8%

(5.6)%

(9)

(3)

(14)

Q4FY22 Q4FY23 Q4FY22 Q4FY23 Q4FY22 Q4FY23

Jewellery

Watches & Wearables

EyeCare

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, and excludes exceptional items of Voluntary Retirement Scheme (VRS) expenses of ₹54 cr in Q4FY22 5. EBIT from International Business is included in the respective divisions

Q4FY22 Q4FY23 Q4FY22 Q4FY23 Other Businesses

Total

Business Highlights

Standalone Jewellery Watches & Wearables EyeCare Emerging Businesses

Key Subsidiaries CaratLane TEAL

Q4FY23 Jewellery Highlights

•

Total Income increased by 23.5% YoY over a partially disrupted base quarter of Q4FY22. Domestic operations recorded a 21% YoY growth

• Buyers growth at ~15% YoY (both new and repeat) was a key catalyst; Average

ticket sizes too saw significant improvement growing ~8% YoY

• Higher price bands continued to see better growths. The studded mix was also higher for the quarter, sequentially, due to the seasonal activation, and also higher YoY compared to the same period last year

• Wedding segment growth recovered, inching marginally ahead of overall retail

sales growth

• Competitive intensity on Gold rates continued to remain high. Margins in the studded category normalized to pre-covid levels with consumption of older lower cost diamond inventory getting over in Q3FY23

•

EBIT came at ₹997 cr clocking a margin of 13.2%, as expected, in a studded activation led quarter

• New store expansions (net) included 12 store additions of Tanishq (including 1 in Silicon Oasis, Dubai), 18 stores of Mia by Tanishq and 1 store in Zoya for the quarter

₹7,576 cr Total Income

₹997 cr EBIT

23.5% YoY Growth

13.2% EBIT Margin

Distribution of key categories as % of Jewellery division sales

37%

63%

32%

33%

68%

67%

Q4FY20

Q4FY22

Q4FY23

Studded Jewellery

Gold Jewellery, Coins and Others

Note: Total Income excludes bullion sale bullion sales of ₹1,055 cr and ₹375 cr in Q4FY23 and Q4FY22 respectively

Glimpses of Tanishq’s New Collections and Campaigns

Every Woman a Diamond

The campaign films aimed at building a

relatable imagery and celebrating micro

moments of a woman’s life that are special enough to buy a diamond. The

campaign tries to break the barrier on diamond purchase, of it being a dead

investment or need to be parked for bigger milestones in life

Engagement

Celebrating the moments 'when it rings true' with your partner and you decide

that she/he is the one

When home becomes a person and not

just a place; When doing nothing

together doesn’t feel boring; When

they know what's on your mind, even when you don't

Video hyperlinks embedded for the above campaigns

Glimpses of Tanishq’s Superwoman Campaign

Superwoman

Today, women across the board are striving to strike the effortless balance

between the multiple roles they play in life and are under the constant unsaid

expectation to be thriving at it. But here’s a reminder to all the

"superwomen" to pause and remove

that metaphorical cape sometimes,

after all you’re human too.

This narrative is inspired by the stories

of many a superwomen all around

each one of us celebrating the other

side of what goes into making them

Video hyperlinks embedded for the above campaign

Glimpses of Tanishq’s New Collections and Campaigns

Rivaah - Establishing a deeper connect with the spirited & confident new age bride who defines trends

Video hyperlinks embedded for the ‘Rivaah’ and ‘Ugadi ‘ campaign

Glimpses of Zoya’s Samave Collection

Video hyperlinks embedded for the above campaign

Zoya - Celebrating ‘Her’ through Meaningful Experiences

Musical ode to the life of a Courtesan by Manjari Chaturvedi

Experimental theatre experience to bring alive the journey of The Indus

Video hyperlinks embedded for the above campaign

Glimpses of Mia’s Rare Pair Collection and Valentine’s Campaign

Video hyperlinks embedded for the above campaigns

Mia was the Primary Sponsor for RCB Women’s Team

Video hyperlinks embedded for select ‘RCB X Mia’ campaign

Q4FY23 Watches & Wearables Highlights

• Revenue from domestic operations grew 41% YoY contributed handsomely by analog watches segment growing 32% YoY and 170% YoY growth in the Wearables sub- segment

• Division whilst hitting the coveted ₹5,000 cr annual retail sales value (Uniform Consumer Price) for the first time also achieved a landmark milestone of 1,000+ stores presence pan-India

• Wearables segment too achieved a product sales milestone of 1 million+ smart watches sold for FY23. International Data Corporation (IDC) has rated Titan as one of the Top 5 Smartwatch companies by market share in India*

•

Premium brands continued their strong performance with brand Titan and brands in Helios stores, both achieving sizeable double-digit growths

The Fastrack brand, both analog and smartwatches combined, grew fastest in the portfolio of brands for the second successive quarter in a row

EBIT came in at ₹98 cr clocking a margin of 11.3%

The 52 new store expansions pan-India (net) were the fastest in Division’s history in a single quarter. These included 21 additions in Titan World, 16 in Helios and 15 in Fastrack

₹871 cr Total Income

40.0% YoY Growth

₹98 cr EBIT

11.3% EBIT Margin

*As per IDC India Monthly Wearable Device Tracker, February 2023

Glimpses of Titan’s New Collections and Campaigns

Titan Slim Mechanical

Hand-wound slim, skeletal watches with in-house movement and impeccable finishing

Titan Edge

High decibel Edge Ceramic Campaign

to bolster premium journey

Premium buyer growth at 55% compared to festive period

Video hyperlinks embedded for the above campaign

Edge Squircle in Atlantic Blue

Avante garde in-house design in the Iconic Edge Ceramic

Glimpses of Titan and Nebula’s New Collections and Campaigns

Nebula X Vaani Kapoor Elle Magazine

Titan Modern Pairs

Clean modern designs in a variety of trending plating options and shapes

Nebula Art Deco Automatic

An automatic watch powered by a Swiss movement, inspired by the clean and glamorous lines of Art Deco architecture

Festive Ladies Watches

Gearing up for the Wedding season with shaped cases in a dressy look with printed dials

Glimpses of Fastrack’s New Collections and Campaigns

Tick Tock 2.0

A stunning range of multifunction watches in classic combinations, assorted plating hues, bold case and pushers

Style Up 3.0

A stylish range of distinctly colored plated watches with in vogue designs

Urban Camo

A modern take on camouflage, flora and topography for an uber-chic look, with day and date functionality, new domed and layered dials

Mixmatched

Fastrack’s first ever range of paired watches packed in a unique graphic collectible box to help couple’s express their unique style

Video hyperlinks embedded for the above campaign

Glimpses of Sonata’s New Collections and Campaigns

Unveil 2.0

Skeletal Quartz collection

with Fashion Focus and Deep Design Products

Sonata X Style Icon Awards 2023

Event sponsorship activity to enhance the style association of Sonata on Social Media Platforms

SF Hexa

Fashion Essentials

Glimpses of International Brand New Collections and Campaigns

Anne Klein 12 new variants launched for dressy and bling, young and stylish, and contemporary ethnic style codes

Tommy Hilfiger 12 new variants launched for minimalist and sporty style codes

#WomenWhoMeanBusiness

Engage and inspire women with rich & authentic stories of successful and fashionable women while they showcase the watches in the campaign

Video hyperlink embedded for the above campaign

Glimpse of Titan Talk S

Video hyperlink embedded for the above campaign

Glimpses of Fastrack Wearables Campaigns

Video hyperlinks embedded for the above campaigns

Q4FY23 EyeCare Highlights

• Revenues grew by 22.8% YoY whilst achieving a landmark milestone of ₹1,000 cr

in annual retail sales value (Uniform Consumer Price) for the first time

• House brands grew ~22% YoY whereas International brands grew faster at ~29%

YoY

• Amongst categories, Revenues from Sunglasses grew ~61% YoY whereas growth

in Lenses was ~20% YoY

₹165 cr Total Income

22.8% YoY Growth

• Within key channels, Titan Eye+ grew ~20% YoY, whereas sales from Trade channel grew much faster at ~33% YoY. E-com tripled on a small base of Q4FY22

• While overall growth was volume-led, the average selling price too saw a

marginal improvement YoY (in low single digits)

• Division made a one-time payment of ₹8 cr to franchisee partners to recognize

their extra-ordinary efforts

•

EBIT came in at ₹2 cr clocking a margin of 1.2%

• Division expanded its nation-wide presence adding 38 new stores in Titan Eye+

(net) for the quarter

₹2 cr EBIT

1.2% EBIT Margin

Glimpses of Expert Who Cares and Sunglasses Campaign

ClearSight 7 in 1

Dash UV Protect

Free Replacement

Progressive at ₹1,799

Frames starting ₹699

Expert Who Cares

Establishing Value for Money

Sunglasses

Necessary not Accessory

Video hyperlinks embedded for the above campaigns

Mirrored Sunglasses by Fastrack

Polarized Sunglasses by Fastrack

Wraps for Riders by Fastrack

Glimpses of EyeCare New Collections

Global Trend | New Women’s Line | Colorful Acetate

Video hyperlinks embedded for the ‘Titan Clink’ and ‘Fastrack Naturewear’ campaigns

Fastrack Naturewear – Nature will love you back

Fastrack Shades of Spring Sunglasses

Q4FY23 Emerging Businesses Highlights

₹77 cr Total Income

83.9% YoY Growth

₹(33) cr EBIT

(42.9)% EBIT Margin

•

Emerging Businesses comprising of Fragrances and Fashion Accessories (F&FA), and Indian Dress Wear (Taneira) clocked a

growth of 83.9% in Revenue YoY. Within this, F&FA clocked ~31% growth YoY whereas Taneira grew by ~200% YoY

In F&FA, Fragrances grew ~31% YoY and Fashion Accessories clocked growth of ~27% YoY. Amongst key offline channels, Trade

and Large Format Stores (LFS), both clocked growths exceeding 50% YoY

Taneira’s near tripling of sales was driven by new store openings and healthy like-to-like growth from existing stores. 5 new

stores were opened during the quarter, taking the total count to 41 stores covering 22 cities pan-India. Brand continued to

expand its national presence by entering the cities of Siliguri, Coimbatore, Ahmedabad, Nagpur and Agartala with its first store

in each of these cities. During FY23, Taneira has doubled its store count and expanded the base from 9 cities to 22 cities

Taneira launched the Summer Sorbet collection – an ode to the beautiful season of new bloom and new beginnings comprising

of a range of breezy lightweight sarees, rooted in craft and pure fabrics, appealing to the contemporary woman. The Brand also

partnered in a unique Saree Run in Kolkata, that saw participation from over 4,000 women across all age bands. The event

aimed to break stereotypes and celebrate women’s health and fitness while highlighting the versatility of the six-yard saree

• Continuing with the efforts to preserve the weaving craft and uplift working conditions of the weavers, Taneira opened 7 new

Weavershalas during the quarter, ending the year with a tally of 10 Weavershalas

Glimpses of Skinn’s New Collections and Campaigns

Launch of Noura from Skinn by Titan

Valentine’s Day Campaign featuring Kareena Kapoor

Video hyperlinks embedded for the above campaigns

Glimpses of Fastrack Bag’s Campaigns

Spring Summer’23 Collection The collection embodies the free-spirited essence of youth with the hopeful spirit of summer. Maxi-minimalist designs that feature uncomplicated shapes with bold elements

Video hyperlinks embedded for the above campaign

IRTH – Glimpses of Brand Outreach

First Outdoor

Plan at Mumbai

Airport

IRTH Bags now

present in 40

Shoppers Stop

stores

Advertisements

in print media

across Lifestyle

and Business

Publications,

and Digital

media

Glimpses of Taneira’s New Collections and Campaigns

Summer Sorbet Taneira’s ode to the beautiful season of new bloom and new beginnings

Video hyperlinks embedded for the above campaign

Wedding Weaves – Taneira marked the Wedding Season by celebrating women who made Taneira a part of their wedding celebrations. Featuring heart-warming photos of brides and their tribe, the User Generated Content campaign received immense love from the Taneira community

Glimpses of Taneira’s New Collections and Campaigns

Outdoor

Campaigns

Taneira

celebrating

Regional

festivals

Glimpses of Taneira Events

Taneira Saree Run in Kolkata witnessed 4k women coming together to embrace their fitness and celebrate saree as a garment

Video hyperlinks embedded for the above campaign

Taneira sponsored renowned authors’ sessions and engaged with the audience at the Times Delhi Lit fest with the objective to increase brand awareness

Key Subsidiaries Highlights: CaratLane 72.3% owned Subsidiary

•

Total Income grew by 58.5% YoY driven by gifting campaigns around Valentine’s

day

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

•

contribute ~75% of the total business

EBIT came in at ₹40 cr with a margin of 6.8%

The #KhulKeKaroExpress

campaign around Valentine’s day focussed on

encouraging customers to look beyond the traditional boundaries to express

emotions to their loved ones

• CaratLane created a record of adding 47 new stores (net) in the quarter taking

the total store count to 222 stores spread across 88 cities pan-India

₹580 cr Total Income

58.5% YoY Growth

₹40 cr EBIT

6.8% EBIT Margin

Glimpses of CaratLane New Collections and Campaigns

Blaze - A collection made for women who want to mark their special milestones and achievements, be it personal or professional

#KhulKeKaroExpress Valentines campaign touched upon the lack of expression amidst the abundance of love Garnered over 60mn views and reached 260mn users on social media

Video hyperlinks embedded for the above campaigns

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

• Total Income at ₹174 cr was lower by 6.7% YoY

• The Automation Solutions (AS) division Revenues were

lower by ~23% YoY due to slower order deliveries.

₹174 cr Total Income

(6.7)% YoY Growth

₹19 cr EBIT

11.1% EBIT Margin

• Manufacturing Services* (MS) division grew ~33% YoY. The of growth

segments

visibility

order

and

all

Manufacturing Services continues to be encouraging

• EBIT for the quarter was ₹19 cr with 11.1% margin

HVCH assembly line

Connector assembly line

* Earlier known as Aerospace and Defence division

Small part assembly machine

New area created for accommodating new machines

Retail Network

Jewellery Presence Watches & Wearables Presence EyeCare Presence Taneira Presence Retail Network Trend Retail UCP Growth

Jewellery Presence

423* Stores 34

111 Stores 18

7 Stores 1

222 Stores 47

1.74mn Area sq. ft. 103K

64K Area sq. ft. 17K

24K Area sq. ft. 4K

274K Area sq. ft. 83K

251 Town Presence 6

43 Town Presence 5

5 Town Presence 1

88 Town Presence 21

Note: 1. Net Additions vis-à-vis previous quarter ended December 31, 2022 2. *includes 6 stores in GCC, and 1 store in New Jersey, North America

ZOYA unveiled at the most iconic address of Luxury - The Taj Mahal Palace

Warm and inviting facade

Curved walls to celebrate women’s journey

Private lounge with spectacular views of the Arabian sea

Handcrafted chandelier from sustainable pulp of banana leaves

Tanishq’s International Presence

Tanishq – New Jersey

Tanishq Abu Dhabi

Tanishq – Al Barsha

Watches & Wearables Presence

Exclusive Brand Outlets Presence

Multi Brand Outlets Presence

622 Stores 21

198 Stores 16

185 Stores 15

443K Area Sq. ft. 3K

145K Area Sq. ft. 8K

87K Area Sq. ft. 6K

306 Town Presence 13

77 Town Presence 3

85 Area Sq. ft. 5

8,000+ Multi Brand Retailers (MBR)

700+ Large Format Stores (LFS)

2,100+ MBR Town Presence

177 LFS Town Presence

Note: Net Additions vis-à-vis previous quarter ended December 31, 2022

EyeCare Presence

896* Stores 38

5 Stores -

554K Area Sq. ft. 28K

5.8K Area Sq. ft. -

352 Town Presence 2

1 Town Presence -

Note: 1. Net Additions vis-à-vis previous quarter ended December 31, 2022 2. *includes 1 store in Dubai, GCC

Taneira Presence

41 Stores 5

115K Area sq. ft. 14K

22 Town Presence 5

Patna store

Coimbatore store with working loom

Ahmedabad store

Note: Net Additions vis-à-vis previous quarter ended December 31, 2022

Retail Network Trend

Jewellery Network

Tanishq Mia

Zoya

Caratlane

Watches & Wearables Network

Titan World

Fastrack

Helios

389

423

486

499

511

622

544

327

353

287

Mar'19

Mar'20

Mar'21

EyeCare Network

Titan Eyeplus

Fastrack

537

584

599

117

138

Mar'22

732

222

111

Mar'23

896

172

183

168

103

163

136

185

198

Mar'19

Mar'20

Mar'21

Mar'22

Mar'23

Taneira Network

Mar'19

Mar'20

Mar'21

Mar'22

Mar'23

Mar'19

Mar'20

Mar'21

Mar'22

Mar'23

Q4FY23 Retail UCP Growth

Total Q4 YoY Growth%

Like to Like Q4 YoY Growth%

25%

57%

18%

11%

45%

42%

19%

29%

11%

21%

37%

Watches LFS

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 3. Q4FY23 growth numbers include adverse impacts of partial lockdowns due to Omicron wave and fragile geo-political situation due to onset of Russia-Ukraine war in Q4FY22; hence strictly not

comparable to same data from earlier periods

22%

10%

FY23 Retail UCP Growth

Total FY23 YoY Growth%

Like to Like FY23 YoY Growth%

37%

73%

43%

47%

62%

32%

61%

37%

46%

39%

74%

Watches LFS

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 3. FY23 growth numbers include Covid disrupted Q1FY22, and adverse impacts of partial lockdowns due to Omicron wave and fragile geo-political situation due to onset of Russia-Ukraine war in

Q4FY22; hence strictly not comparable to same data from earlier periods

36%

23%

Financial Update

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

Standalone P&L – Q4FY23 and FY23

Note: 1. Other operating revenue includes bullion sale of ₹1,055 cr and ₹375 cr in Q4FY23 and Q4FY22 respectively; ₹2,208 cr and ₹1,045 cr in FY23 and FY22 respectively 2. Profitability & Expense percentages are computed on Total Income excluding bullion sales

Q4FY22Q4FY23YoY%Profit and Loss statement (in ₹ Crores)FY22FY23YoY%6,7498,55326.7%Sale of products / services25,83135,62437.9%5271,151118%Other operating revenue1,3792,64691.9%7610437.1%Other Income24629921.6%7,3529,80833.4%Total Income27,45638,56940.5%5,5037,48236.0%COGS20,65829,04640.6%1,8492,32625.8%Gross Contribution6,7989,52340.1%26.5%26.6%7 bps%25.7%26.2%45 bps32837113.1%Employee benefits expense1,1431,36219.2%15619222.9%Advertising47473955.8%50761521.3%Other expenses1,6562,35342.1%9911,17818.9%Total Overheads3,2734,45436.1%8581,14833.8%EBITDA3,5255,06943.8%12.3%13.1%82 bps%13.3%13.9%60 bps88958.0%Depreciation3473644.9%7701,05336.7%EBIT3,1784,70548.1%11.0%12.0%99 bps%12.0%12.9%91 bps547437.0%Finance cost19524023.1%71697936.7%PBT2,9834,46549.7%10.3%11.2%92 bps%11.3%12.3%99 bps510Exceptional items51017424540.8%Tax7521,13250.5%49173449.5%PAT2,1803,33352.9%7.0%8.4%135 bps%8.3%9.2%91 bpsConsolidated P&L – Q4FY23 and FY23

Q3FY22Q3FY23YoY%Profit and Loss statement (in ₹ Crores)YTD FY22YTD FY23YoY%7,2679,21526.8%Sale of products / services27,41737,92438.3%5291,145116%Other operating revenue1,3822,65191.8%7611450.0%Other Income23430831.6%7,87210,47433.1%Total Income29,03340,88340.8%5,8277,84734.7%COGS21,64130,35540.3%2,0452,62728.5%Gross Contribution7,39210,52842.4%27.3%27.9%61 bps%26.4%27.2%81 bps39545715.7%Employee benefits expense1,3491,64722.1%19825126.8%Advertising59096663.7%58271623.0%Other expenses1,8782,72845.3%1,1751,42421.2%Total Overheads3,8175,34139.9%8701,20338.3%EBITDA3,5755,18745.1%11.6%12.8%117 bps%12.8%13.4%64 bps10211916.7%Depreciation39944110.5%7681,08441.2%EBIT3,1224,74752.0%10.2%11.5%127 bps%11.2%12.3%112 bps619657.4%Finance cost21830037.6%00Share of profit/ (loss) of Associate0170798839.7%PBT2,9584,44750.3%9.4%10.5%106 bps%10.6%11.5%93 bps540Exceptional items540126252100%Tax7061,17366.1%52773639.7%PAT2,1983,27449.0%7.0%7.8%78 bps%7.9%8.5%61 bpsTotal Income and EBIT – Q4FY23

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)Q4FY22Q4FY23YoY%Jewellery6,1327,57623.5%Watches and Wearables62287140.0%EyeCare13416522.8%Emerging Businesses (1)427783.9%Corporate476436.2%Standalone (w/o bullion sale)6,9778,75325.5%Jewellery - Bullion sale3751,055Standalone7,3529,80833.4%Caratlane36658058.5%TEAL186174(6.7%)Others/ Consol. Adj. (2)(32)(88)Consolidated7,87210,47433.1%EBIT (in ₹ Crores)Q4FY22Q4FY23YoY%Jewellery78099727.9%Watches & Wearables1698516%EyeCare(3)2(166%)Emerging Businesses(15)(33)127%Corporate(8)(11)36.2%Total7701,05336.7%Caratlane1640144%TEAL2119(9.2%)Others/ Consol. Adj. (2)(40)(28)Total7681,08441.2%EBIT Margin (3)Q4FY22Q4FY23YoYJewellery12.7%13.2%44 bpsWatches and Wearables2.6%11.3%869 bpsEyeCare(2.2%)1.2%346 bpsEmerging Businesses(34.8%)(42.9%)N.M.Standalone11.0%12.0%99 bpsConsolidated10.2%11.5%127 bpsTotal Income and EBIT – FY23

Total Income(in ₹ Crores)FY22FY23YoY%Jewellery23,26831,89737.1%Watches and Wearables2,3093,29642.7%EyeCare51768933.3%Emerging Businesses (1)15429591.6%Corporate16318412.6%Standalone (w/o bullion sale)26,41136,36137.7%Jewellery - Bullion sale1,0452,208Standalone27,45638,56940.5%Caratlane1,2652,18873.0%TEAL38951031.2%Others/ Consol. Adj. (2)(77)(384)Consolidated29,03340,88340.8%EBIT (in ₹ Crores)FY22FY23YoY%Jewellery3,0404,36343.5%Watches & Wearables134413209%EyeCare559879.4%Emerging Businesses(35)(78)124%Corporate(16)(91)467%Total3,1784,70548.1%Caratlane60166179%TEAL252814.6%Others/ Consol. Adj. (2)(140)(152)Total3,1224,74752.0%EBIT Margin (3)FY22FY23YoY%Jewellery13.1%13.7%61 bpsWatches and Wearables5.8%12.5%673 bpsEyeCare10.6%14.2%366 bpsEmerging Businesses(22.6%)(26.4%)(382) bpsStandalone12.0%12.9%91 bpsConsolidated11.2%12.3%112 bpsCapital Employed - Standalone

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

Business Segment(in ₹ Crores)31-Mar-2231-Mar-2331-Mar-2231-Mar-2331-Mar-2231-Mar-23Jewellery14,03816,4469,04010,0704,9986,376Watches & Wearables2,2562,7719051,0071,3511,764EyeCare463644269388194256Emerging Businesses (1)21033393165117168Corporate (unallocated)3,1704,8944571,4642,7133,430Total20,13725,08810,76413,0949,37311,994Segment 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-Mar-2231-Mar-2331-Mar-2231-Mar-2331-Mar-2231-Mar-23Jewellery15,30218,5169,94911,8695,3536,647Watches & Wearables2,2762,8089151,0181,3611,790EyeCare463644268388195256Other Businesses (1)736932272380464552Corporate (unallocated)2,4174,1234571,4641,9602,659Total21,19427,02311,86115,1199,33311,904Segment AssetsSegment LiabilitiesCapital EmployedBalance Sheet - Standalone

in ₹ CroresMar-22Mar-23ChangeFixed Assets1,0731,186113Right of use asset8771,058181Intangible Assets4644(2)Investments8691,116247Other non-current assets893998105Non Current Assets3,7584,402644Inventories12,78714,9522,165Trade Receivables495908413Cash and Cash Equivalents1171192Other Bank Balances932673(259)Investments152,1432,128Other Current Assets2,0331,891(141)Current Assets16,37920,6864,307Total Assets20,13725,0884,951Total Equity9,37311,9942,621Lease liability1,0261,359333Other non-current liabilities17921435Non Current Liabilities1,2051,573368Short-term borrowings2251,190965Gold on Loan5,1615,090(71)Trade Payables1,055965(90)Lease liability19322330Other Current Liabilities2,9244,0531,129Current Liabilities9,55911,5211,963Total Equity & Liabilities20,13725,0884,952Balance Sheet - Consolidated

in ₹ CroresMar-22Mar-23ChangeFixed Assets1,2881,477189Right of use asset9731,285312Intangible Assets24525712Goodwill1231230Investments27935172Other non-current assets8321,123291Non Current Assets3,7404,616876Inventories13,60916,5842,975Trade Receivables565674109Cash and Cash Equivalents21923213Other Bank Balances1,3541,111(243)Investments152,1642,149Other Current Assets1,6921,642(50)Current Assets17,45422,4074,953Total Assets21,19427,0235,829Total Equity9,33311,9042,571Lease liability1,1381,607469Other non-current liabilities21124837Non Current Liabilities1,3491,855506Short-term borrowings5162,1951,679Gold on Loan5,3985,299(99)Trade Payables1,2941,214(80)Lease liability22126645Other Current Liabilities3,0834,2901,207Current Liabilities10,51213,2642,752Total Equity & Liabilities21,19427,0235,829Quarterly Performance Trends: Consolidated

Operating Income and YoY Growth%

4,567 27%

5,871

35%

4,451 8.5%

4,889 19%

5,151

16%

4,662

2.1%

6,528

11%

4,711

-3.6%

FY19: 19,779; 22%

FY20: 21,052; 6.4%

4,162

-11%

12%

1,378 -73%

FY21: 20,288; (3.6)%

7,279

7,469

121%

59%

7,301 75%

9,983

37%

7,421

198%

9,087

11,294

8,681

9,305

19%

13%

FY23: 38,367; 38%

25%

3,049

-0.6%

FY22: 27,754; 37%

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

Q4'23

10.4%

467

9.6% 439

10.1%

600

FY19: 9.8%

9.1%

452

10.0%

520

9.1%

9.9%

648

425 FY20: 9.9%

10.7% 509

PBT and PBT%

741 10.1%

730 9.7%

217

5.2%

FY21: 6.5%

1.3%

-361

1,344

13.4%

11.8%

868

FY22: 10.6%

1,142 13.1%

1,072 11.7%

1,245

10.9%

988

10.5%

FY23: 11.5%

707 9.4%

Q1'19

Q2'19

Q3'19

Note: 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

Q4'19

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

Q4'23

Quarterly Performance Trends: Jewellery - Consolidated

Total Income and YoY Growth%

9,005

204%

7,995

10,131

7,515

8,065

6,379

78%

2,626

39%

FY22: 24,478; 36%

6,468

-2.8%

FY23: 33,706; 38%

18%

13%

25%

4,997

5,606

3,643

3,645

4,105

4,164

3,650

3,899

3,592

71%

6,496

6,653

29%

37%

6.3%

FY19: 16,390; 24%

22%

14%

0.1%

12%

FY20: 17,319; 5.7%

Q1'19

Q2'19

Q3'19

Q4'19

Q1'20

Q2'20

Q3'20

% of Year

22%

31%

25%

24%

21%

32%

10.5%

10.4%

384

378

12.9%

647

12.2%

499

12.6%

704

10.5%

10.4%

438

379

1,222

16%

FY21: 17,963; 3.7%

-1.6%

-5.0% Q4'20

23%

13.6%

530

Q1'21

Q2'21

Q3'21

Q4'21

Q1'22

Q2'22

Q3'22

Q4'22

Q1'23

Q2'23

Q3'23

Q4'23

20%

36%

37%

11%

26%

37%

26%

24% 22% 30% 24%

EBIT and EBIT Margin%

11.8% 766

10.8% 717

8.0%

286

7.5%

198

1,288

14.3%

12.6% 803

12.1% 780

1,052 13.2%

14.5% 1,088

1,243

12.3%

1,004 12.4%

FY23: 13.0%

FY19: 11.6%

FY20: 11.8%

FY21: 9.5%

FY22: 12.5%

Q1'19

Q2'19

Q3'19

Q4'19

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

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

Q4'23

Quarterly Performance Trends: Jewellery

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

YoY Grammage Growth%

YoY Gold Rate change

43%

38%

170%

26%

22%

21%

32%

124%

101%

-3%

24%

20%

15%

45%

47%

10%

14%

10%

-5%

-14%

-20%

-14%

-31%

-4%

-7%

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

Q4'23

-81%

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%

679

641

596

15%

17%

18%

531

7.9%

FY19: 2,447; 15%

716

720

627

558

20%

6.1%

-2.2%

5.1%

FY20: 2,622; 7.1%

551

559

401

0.2%

293

-12%

168%

830

811

710

625

786

689

72%

29%

12%

21%

14%

FY23: 3,310; 43%

883

41%

-44%

FY21: 1,587; (39)%

FY22: 2,317; 46%

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

Q4'23

% of Year

24%

28%

26%

22%

27%

24%

21%

25%

35%

13%

30%

31%

27%

24% 25% 24% 27%

16.7%

100

16.4%

111

6.8% 43

2.3%

16.6% 119

14.4% 104

54 9.7%

39 6.2%

FY19: 10.9%

FY20: 12.1%

EBIT and EBIT Margin%

38 6.8%

15 2.7%

-3.0% (12)

FY21: (8.3)%

90 13.1%

80 11.2%

122

14.8%

98 12.5%

106

12.0%

82 10.1%

-1.4% (9)

FY23: 12.3%

(61)

FY22: 4.3%

YTD: 13.4%

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

Q4'23

Note: Figures in ₹ Crores, unless stated otherwise

Quarterly Performance Trends: Watches & Wearables

Watches & Wearables Volume Growth YoY%

109%

67%

21%

-1%

31%

21%

16%

10%

13%

-1%

-5%

-10%

-4%

-26%

-48%

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

Q4'23

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

16%

40%

19% FY19: 509; 23%

18%

13%

28%

FY20: 544; 6.9% 2.9%

-16%

Q1'19

Q2'19

Q3'19

Q4'19

Q1'20

Q2'20

Q3'20

Q4'20

Q1'21

-7.0% FY21: 375; (31)% -39% Q2'21

Q3'21

160

156

183 173%

167

174

165

70%

18%

26% FY22: 517; 38%

134

5.1%

FY23: 689; 33%

4.9%

11%

23%

Q4'21

Q1'22

Q2'22

Q3'22

Q4'22

Q1'23

Q2'23

Q3'23

Q4'23

% of Year

26%

24% 25%

25%

27%

28%

25%

20%

25%

33%

34%

13%

31%

30%

26%

27% 24% 25% 24%

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)

EBIT and EBIT Margin%

17.7%

18.1%

9.6%

FY21: 6.1%

37 22.9%

34 21.8%

19.8%

FY22: 10.6%

-2.2% (3)

(13)

32 18.4%

28 16.5%

FY23: 14.2%

2 1.2%

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

Q4'23

FY20: (2.6)%

(31)

Note: Figures in ₹ Crores, unless stated otherwise

Annual Consolidated Performance Trends

Total Income & YoY Growth%

PBT & PBT%

PAT & PAT%

38,675 38%

37%

27,988

4,447

11.5%

10.6% 2,958

9.8%

9.9%

1,957

2,102

6.5%

1,327

7.0%

1,389

1,493

4.8%

974

3,274 8.5%

7.9%

2,198

23% 19,961

21,204

20,474

-3%

FY19

FY20

FY21

FY22

FY23

FY19

FY20

FY21

FY22

FY23

FY19

FY20

FY21

FY22

FY23

Net Worth

ROCE%

11,904

35.1%

9,333

32.0%

32.2%

24.9%

23.4%

38.8%

6,084

6,673

7,502

18.4%

30.8%

26.8%

ROE%

13.7%

FY19

FY20

FY21

FY22

FY23

FY19

FY20

FY21

FY22

FY23

FY19

FY20

FY21

FY22

FY23

1. Figures in ₹ Crores, unless stated otherwise 2. Total Income excludes bullion sale of ₹1,357 cr in FY21, ₹1,045 cr in FY22 and ₹2,208 cr in FY23

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%

20% CAGR

33,706

24,478 36%

38%

Watches & Wearables: Total Income & YoY Growth% 8% CAGR

2,447

15%

2,622

46%

2,317

1,587

3,310

43%

EyeCare: Total Income & YoY Growth% 8% CAGR

689

33%

38%

517

509

23%

544

FY22

FY23

FY19

FY20

-39%

FY21

FY22

FY23

FY19

FY20

FY22

FY23

375

-31% FY21

Watches & Wearables: EBIT & Margin%

EyeCare: EBIT & Margin%

10.9% 267

12.1% 316

408 12.3%

4.3% 100

14.2%

10.6%

-0.5%

1 -2

-2.6% 2 -14

6.1%

FY19 FY20 FY21 FY22 FY23

FY19

FY20

-8.3% -132 FY21

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

Jewellery revenue excludes bullion sale of ₹1,357 cr in FY21, ₹1,045 cr in FY22 and ₹2,208 cr in FY23

FY22

FY23

FY18 FY19 FY20 FY21 FY22

17,319

17,963

16,390 24%

FY19

FY20

FY21

Jewellery: EBIT & Margin%

11.6%

1,908

11.8%

2,051

9.5% 1,701

4,387 13.0%

12.5% 3,055

Dividend

Dividend (₹ Crores)

Dividend Payout %

26%

25%

30%

28%

32% 444

29%

333

186

204

195

231

40%

666

31%

355

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) 22% CAGR

2,25,156

2,23,287

Shareholding Pattern as on March 31, 2023

1,38,322

1,01,372

82,893

Insurance Cos. & Banks 4%

Mutual Funds 6%

Retail 19%

Foreign Institutional Investors 18%

Promoters 53%

FY19

FY20

FY21

FY22

FY23

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

Awards & Recognition FY23

Company of the Year by Business Award

CEO of the Year by Forbes India

Best Organisations for Women by Economic Times

Top 40 India’s Workplaces in Health & Wellness by Great Place to Work

Winner Best Vegan Sarees at PETA India’s 2022

Good Delivery List by MCX

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

Product and Smart Category Winner by Reddot

Best Social Media Brand (Fashion Accessory) at Sammies, 2022

Winner Mia by Tanishq at Maddies 2022

Sustainability @ Titan

Titan Kanya

Titan LeAP Program

Project Tarasha

Design Impact Movement

Happy Eyes

Watershed and Integrated Village Development Program

Titan Footprint: Volunteering Initiatives

Sustainability @ Titan

Girl Child/ Education

• Newly designed education projects were implemented across new geographies of Tamil Nadu, Karnataka and Uttarakhand. They covered additional components of life skills, teacher capacity building, science education, scholarships and adolescent education apart from academic support

• Over 65,000 children benefitted from our Education initiatives (Titan Kanya, Titan Kanya Sampurna, and Tribal children) during FY23

•

Skill development programs were expanded to include various new courses to cater to the youth from different geographies, while continuing to implement the programs that have been going on for the last few years. Training programs have been implemented to build capacities in the EyeCare space. Programs for tribal youth and marginalised women have put them on a new path of financial independence

• Over 15,000 youths were skilled for employment, employability and livelihood under Titan LeAP Program

during FY23

• Under the aegis of the vertical of Indian Heritage Arts and Crafts, holistic support was extended to 7 different craft clusters through independent projects and over 40 craft enterprises under Project Tarasha

Skill development for underprivileged

Support for Indian Arts, Crafts & Heritage

Sustainability @ Titan

• Design Impact initiative has two large programs - Awards and Movement:

Design Impact Programs

• The year saw completion of all grants under the Design Impact Awards • The Design Impact Movement - a platform for design thinking for social impact has grown to have over

70,000 users and 150+ social impact projects from various colleges across India

• Watershed and Integrated Village Development Programs (IVDP) have postively impacted the livelihood

of over 22,000 individuals

Responsible Citizenship

• Reached 3 Lakhs+ individuals through Happy Eyes initiative during FY23

•

Titan Footprints: Titan’s volunteering program was active with ~39,000 volunteering hours involving many employees across the Company either in CSR projects or other local initiatives

Water

• Locational water conservation initiatives continue to reduce fresh water consumption • Watches and Wearables - Usage of STP recycled water (through Ultra filtration / RO system) helped in fresh water saving of 1,598 KL during Jan’23 to Mar’23 period

Sustainability @ Titan

• Watches and Wearables - Organic sludge from STP (Sewage Treatment Plant) is converted as manure/ and distributed to for local agricultural purposes at Hosur. 50 Tons of manure was distributed in the quarter

• EyeCare - Towards Zero Waste, and minimizing incineration waste various initiative have been undertaken

• Acetate Recycling - Recycled the acetate waste into granules, which is the 1st time in India. And these granules are used to manufacture the frames, acetate blanks and frame cases

Waste Management

• Recycled the lens cutting waste into paver blocks and kerb stone with this we have built car parking area of 1,950 sq. ft with 8 tons of lens cutting waste

•

Energy and fuel conservation :

Other Notable Initiatives

•

Jewellery, ISCM, Hosur - Replacement of Air Cooled Chiller to Water Cooled Chiller. Energy saving of 6 Lakh Units and 492 Tons/Annum carbon footprint reduced

• Green power - Onsite rooftop solar system of about 141 kW has been installed at case plant

extension and this system would generate green power of 1.75 Lkwh / annum

• A state-of-art lung space has been created at Miyawaki forest at Hosur, and the same handed over

to the Govt. The maintenance over next 3 years shall be done by Titan

Thank You

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

← All Transcripts TITAN Stock Page →

Titan Company Limited has informed the Exchange about Investor Presentation

Market Movers