TITANNSE4 February 2025

Titan Company Limited has informed the Exchange about Investor Presentation

Titan Company Limited

SEC 168 / 2024-25

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,

4th February 2025

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 2024-25 – Investors Presentation

Further to our communication dated 17th January 2025, 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

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Titan Company Limited

Earnings Presentation for the Quarter and Nine months ended December 31, 2024

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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.

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• The Titan Story • Our Journey So Far • Our Business Segments • •

Titan Brands Titan Company Structure

About the Company

Executive Summary

Business Performance

Financial Performance

Other Updates

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India’s most prestigious lifestyle products company

Our Vision We create elevating experiences for the people we touch and significantly impact the world we work in

Our Mission We will do this through a pioneering spirit and a caring, value-driven culture that fosters innovation, drives performance, and ensures the highest global standards in everything we do

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Our Journey So Far

Company incorporated, JV between the Tata group and Tamilnadu Industrial Development Corporation

State-of-the-art Jewellery making facility inaugrated

1984

1994

Launch of

Demerged PED to

and Precision Engineering (PED)

and merged Gold Plus with Tanishq

2005

2011

2017

Launch of

Crossed 1 million watches milestone in production and sales

1990

Dissolution of partnership with Timex and launch of

1998

2008

229

937

1,000 Exclusive Brand Outlet (EBO) milestone

2015

11,089

2022

47,501

FY84 FY85 FY86 FY87 FY88 FY89 FY90 FY91 FY92 FY93 FY94 FY95 FY96 FY97 FY98 FY99 FY0 FY01 FY02 FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24

1987 Commenced watch production, launch of

and opened 1st showroom in Bengaluru

1992

Joint Venture (JV) with Timex

1996 Launch of

2007

Launch of

2013

Launch of

2020

Acqui-hire of HUG Innovations

2009

and Titan E-Commerce

2016

2003

Launch of

and Golden Harvest Scheme

Note: 1. Color denotes the following: Company update; Brand / Channel launch; Acquisitions / Joint Venture 2. Graph denotes the Consolidated Total Income excluding Bullion sales in ₹ crores

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Acquisition

2024

Crossed ₹50,000+ cr GUCP; 3,000 EBO milestone

Titan Businesses (1/2)

Jewellery: India’s Leading Organised Jewellery Retailer

Manufacturing facilities in Hosur, Pantnagar and Midnapore; Product Development Centre in Mumbai

~8% India Market share1

15%+ FY24 Digitally influenced sales

Watches & Wearables: India’s Leading Watches Brand

2 Manufacturing facilities in Hosur and Coimbatore; 3 Assembly facilities in Roorkee, Pantnagar, and Sikkim

~27% Analog India Market share1

10,000+ Touch Points2

EyeCare: India’s Most Trusted Optical Chain

Manufacturing Chikkaballapur; 2 Lens Lab Noida and Kolkata

facility at

facilities at

Note: 1. All numbers are as on March 31, 2024 ; FY24 Market share based on internal estimates 2. Touch Points include Exclusive Brand Outlets, Multi Brand Outlets, and Large Format Stores

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900+ Exclusive Brand Outlets

Titan Businesses (2/2)

Indian Dress Wear: Finest range of pure handcrafted weaves from across the country

towards

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

improving

100+ Clusters2

80+ Exclusive Brand Outlets

Fragrances: India’s Leading Fine Fragrances Brand

800+ Titan World and Fastrack Outlets Presence

3,000+ Multi Brand Outlets

Fashion Accessories: Thoughtfully Designed Bags

130+ Departmental Stores Presence

2 Exclusive IRTH Outlets

Note: 1. All numbers are as on December 31, 2024 2. Clusters represent regions of India with distinct traditional handloom weaving practices

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Titan Brands - Segmentation Landscape

Segments

Jewellery

Watches & Wearables

EyeCare

Indian Dress Wear

Fragrances

Fashion Accessories

Luxury

Premium

Mid-Market

Mass Market

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Titan Brands - Size of Business

Gross UCP

Jewellery

Watches & Wearables

EyeCare

Indian Dress Wear

Fragrances

Fashion Accessories

₹50,000 cr

₹5,000 cr

₹1,000 cr

₹500 cr

₹100 cr

< ₹100 cr

(Not to scale)

Note: 1. FY24 Gross UCP (Uniform Consumer Price) is used for the above illustration 2. The position of the brands are for representation purposes only in their respective Gross UCP bands and not strictly to scale

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Titan Company Structure

Titan Company Limited

100%

Titan Engineering & Automation Limited (TEAL)

100%

TEAL USA Inc.

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CaratLane Trading Private Limited

100%

StudioC Inc., USA

TCL North America Inc

Minority stake

Titan Holdings International FZCO, Dubai

Titan Commodity Trading Limited

CueZen Inc.

100%

Titan Watch Company Limited, Hong Kong

Titan Global Retail LLC, Dubai

Titan International QFZ LLC, Qatar

Titan at a Glance

• • Management Commentary • Q3FY25 Standalone Highlights • Q3FY25 Consolidated Highlights

About the Company

Executive Summary

Business Performance

Financial Performance

Updates Other

Other Updates

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Titan at a Glance

₹549 bn TTM Total Income (1)

₹2,889 bn Market Capitalization (2)

3,240

Stores

4.60 mn

Retail Area sq. ft.

~12.2 k

Employees on roll

Manufacturing and Assembly Facilities

~40 mn

Encircle Members

431

Town Presence

Note: 1. Total Income excludes bullion and digi-gold sales 2. Market Capitalization on BSE as of December 31, 2024 3. All numbers are on a consolidated basis

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Management Commentary

“The festive quarter gone by firmly established the FY25 growth trajectory after a muted Q1 and healthy Q2. Jewellery saw its strongest quarter (yet) for the fiscal year, growing well in excess of 25% at a retail level. Consumer preference for gold, as adornment jewellery and as store of value continued to remain fairly strong. Our analog watches clocked a healthy retail growth of 20%, reinforcing Titan’s customer value proposition in the eyes of the consumer. EyeCare's retail growth returning to double-digits was encouraging.

The custom duty related losses on the inventory (held at the time of the duty change) have been fully realized in this quarter and hence the profitability is lower to that extent. We are committed to investing in the growths of all our businesses and specifically the emerging ones to help them scale faster. We remain optimistic on our performance and hope to end the fiscal year with a good growth over FY24”

- Mr. C K Venkataraman, Managing Director

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e m o c n I

l a t o T

n i g r a M T I B E d n a T I B E

Q3FY25: Standalone Highlights

Jewellery

+25.5%

14,697

11,709

Watches & Wearables

EyeCare 1

Emerging Businesses

+14.9%

982

1,128

+16.2%

167

194

+5.4%

112

118

Titan Company +24.2%

16,228

13,071

Q3FY24

Q3FY25

Q3FY24

Q3FY25

Q3FY24

Q3FY25

Q3FY24

Q3FY25

Q3FY24

Q3FY25

(1)

(2)

-2.4%

1,432

12.2%

1,398

9.5%

+101.8%

111

9.8%

5.6%

+50.0%

14 8.4%

10.8%

(17.9%)

(20)

(27.1%)

(32)

Q3FY24

Q3FY25

Q3FY24

Q3FY25

Note: 1. Figures in ₹ crores, unless stated otherwise 2. Total Income in Jewellery and Titan Company excludes bullion sales of Nil in Q3FY25 (₹120 cr in Q3FY24) 3. EBIT includes Other Income 4. Emerging Businesses include Indian Dress Wear, Fragrances & Fashion Accessories 5. Titan Company figures include Corporate segment 6.

Q3FY24

Q3FY25

Q3FY24

Q3FY25

International Business Division’s sales to group companies and profits thereof are included in the Total Income and EBIT of the respective Divisions above

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+1.9%

1,478

1,506

11.3%

9.3%

Q3FY24

Q3FY25

e m o c n I

l a t o T

n i g r a M T I B E d n a T I B E

Q3FY25: Consolidated Highlights

Jewellery

+26.3%

15,848

12,552

Watches & Wearables

EyeCare

+15.3%

986

1,137

+16.7%

168

196

Other Businesses

Titan Company

-0.3%

313

312

+24.6%

17,582

14,110

Q3FY24

Q3FY25

Q3FY24

Q3FY25

Q3FY24

Q3FY25

Q3FY24

Q3FY25

Q3FY24

Q3FY25

+0.5%

1,482

1,490

11.8%

9.4%

+93.3%

+51.8%

108

9.5%

5.7%

10.1%

7.7%

1.6%

1 0.2%

Q3FY24

Q3FY25

Q3FY24

Q3FY25

Q3FY24

Q3FY25

Q3FY24

Q3FY25

Total Income in Jewellery and Titan Company excludes bullion and digi-gold sales of ₹286 cr in Q3FY25 (₹190 cr in Q3FY24)

Note: 1. Figures in ₹ crores, unless stated otherwise 2. 3. EBIT includes Other Income 4. Other Businesses include Emerging Businesses (Indian Dress Wear, Fragrances & Fashion Accessories) and the subsidiary TEAL 5. 6.

Titan Company figures include Corporate segment International Business Division’s sales to group companies and profits thereof are included in the Total Income and EBIT of t he respective Divisions above

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+5.2%

1,547

11.0%

1,627

9.3%

Q3FY24

Q3FY25

Jewellery

• • Watches and Wearables • • • •

EyeCare Emerging Business International Business TEAL

About the Company

Executive Summary

Business Performance

Financial Performance

Updates Other

Other Updates

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Jewellery (Domestic): Quarterly Performance

•

Domestic business clocked a robust growth of c.25% YoY to ₹14,190 crs. The festive quarter brought consumer cheer with secondary sales recording an impressive c.28% growth YoY buoyed by higher gold prices (YoY), wedding related purchases (c.29% YoY growth) and healthy same store sales growth of 22% YoY

Gold continued to be highly favoured by consumers with gold jewellery growing c.24% YoY whereas gold coin sales rose markedly by c.48%

The studded portfolio recorded an impressive growth of c.21% YoY (retail studded sales grew c.23% YoY). The non-solitaire category grew in healthy double-digits while solitaire growth remained muted. The relatively higher growths in gold jewellery and gold coins had an impact on the product mix resulting in a c.1% lower studded share YoY

The custom duty (CD) reduction in gold (in Q2FY25) saw lower customer realizations of ₹253 crs in this quarter (on that inventory); The normalized Q3FY25 EBIT was ₹1,651 crs, at 11.2% margin

11 new stores (net) in Tanishq and 13 stores in Mia were added in India during the quarter

Two women laughing and wearing jewelry

Description automatically generated

Note: 1. Total Income excludes bullion sales of Nil in Q3FY25 (₹120 cr in Q3FY24) 2. Video hyperlinks embedded for the above select campaigns and collections

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Product Mix % of Domestic Jewellery sales Studded Gold, Coins, Others

Q3FY24

Q3FY25

24%

23%

76%

77%

Jewellery Secondary UCP YoY Growth

28% Overall

22% Like to like

Particulars (₹ cr)Q3FY24Q3FY25YoY%Domestic11,31514,19025.4%International (Primary)39450728.6%Total Income11,70914,69725.5%EBIT1,4321,398(2.4%)EBIT Margin12.2%9.5%(272) bpsCaratLane: Quarterly Performance

•

Total Income grew c. 27% YoY to ₹1,117 cr

Revenue from the Studded category (excl. solitaires) grew c.24% YoY and other categories (gold jewellery, gold coins, solitaires etc.) grew 40% YoY

Buyers grew c.8% YoY and Average selling prices (ASP) grew c.17% YoY

Activations and promotions during the festive quarter led to c.22% growth in brand searches. The Holiday Edit curation was launched during Diwali, driving good consumer interest

The brand enhanced its portfolio by expanding Disney offerings with Lion King collection and introduction of stretchable bangles

The strong Revenue growth led to a positive operating leverage benefit resulting in an EBIT of ₹131 cr and a margin expansion of ~240bps to 11.7%

CaratLane added 19 new stores (net) in India during the quarter taking the total India store count to 305 stores across 128 cities pan-India

The brand opened its first international store in New Jersey, USA during the quarter

Secondary UCP YoY Growth

25% Overall

15% Like to like

Note: 1. Total Income excludes bullion and digi-gold sales of ₹196 cr in Q3FY25 (₹70 cr in Q3FY24) 2. Video hyperlinks embedded for the above select campaigns and collections

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Particulars (₹ cr)Q3FY24Q3FY25YoY%Total Income8801,11726.9%EBIT8213159.7%EBIT Margin9.3%11.7%240 bpsJewellery: Retail Network

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BrandParticularsSep'24QTD AdditionsDec'24(Net)Stores - Domestic (#)486 11 497 Stores - International (#)16 2 18 Area sq. ft. (mn)2.25 0.10 2.35 Town Presence (#)290 7 297 Stores - Domestic (#)207 13 220 Stores - International (#)2 - 2 Area sq. ft. (k)168 17 185 Town Presence (#)83 4 87 Stores (#)12 - 12 Area sq. ft. (k)34 - 34 Town Presence (#)9 - 9 Stores - Domestic (#)286 19 305 Stores - International (#)- 1 1 Area sq. ft. (k)388 23 411 Town Presence (#)119 10 129 Jewellery

• • Watches and Wearables • • • •

EyeCare Emerging Businesses International Business TEAL

About the Company

Executive Summary

Business Performance

Financial Performance

Updates Other

Other Updates

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Watches & Wearables (Domestic): Quarterly Performance

•

Domestic Business Revenue growth of c.14% YoY to ₹1,104 cr for the quarter was primarily driven by strong growth of c.20% YoY in analog watches

• Within analog, Titan brand led the overall performance growing 18% YoY and aided by c.12% YoY growth in volumes. Consumer preferences for premium product offerings was also visible in growth of International Brands growing at c.30% YoY. Fastrack too recorded a healthy growth of c. 30% YoY

•

The Wearables segment declined by c. 20% YoY with both Average Selling Prices and volumes lower by 7.5% and 6.8% respectively compared to Q3FY24

EBIT came at ₹111 cr recording a margin of 9.8% for Q3FY25

• Of the 23 new domestic stores (net) opened in Q3, 12 stores were in Titan World, 10 in

Helios and 1 in Fastrack respectively

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Distribution of Wearables as % of Domestic W&W sales

Wearables

Analog

10%

14%

Q3FY24

Q3FY25

Secondary UCP

Overall YoY

Titan World

Helios

Fastrack

LFS

31%

47%

27%

18%

Like to like YoY 25%

34%

14%

16%

Particulars (₹ cr)Q3FY24Q3FY25YoY%Domestic9681,10414.0%International (Primary)142473.5%Total Income9821,12814.9%EBIT55111101.8%EBIT Margin5.6%9.8%424 bpsWatches & Wearables: Retail Network

Multi Brand Outlet Presence

8,500+ Multi Brand Retailers (MBR)

600+ Large Format Stores (LFS)

2,000+ MBR Town Presence

180+ LFS Town Presence

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BrandParticularsSep'24QTD AdditionsDec'24(Net)Stores (#)688 12 700 Area sq. ft. (k)483 9 492 Town Presence (#)334 3 337 Stores (#)256 10 266 Area sq. ft. (k)188 8 196 Town Presence (#)95 2 97 Stores (#)227 1 228 Area sq. ft. (k)109 0 110 Town Presence (#)106 1 107 Jewellery

• • Watches and Wearables • • • •

EyeCare Emerging Business International Business TEAL

About the Company

Executive Summary

Business Performance

Financial Performance

Updates Other

Other Updates

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EyeCare (Domestic): Quarterly Performance

•

Revenue from domestic operations grew c.16% YoY to ₹193 cr led by healthy double digit volume growth International brands, particularly, registered a strong growth of c.56% YoY; House brands saw a flattish growth in the same period

• Within product categories, Sunglasses sales outpaced others growing by c.35% YoY.

Prescription products of lenses and frames grew in mid double-digits The Average Selling Prices saw a drop due to the price corrections administered in Q3FY24 and introduction of affordable fashion frames from Q4FY24 EBIT for Q3FY25 came at ₹21 cr at a margin of 10.8%; Margin expansion compared to Q3FY24 was driven by higher Revenue growth Division closed 3 new stores (net) during the quarter in Titan Eye+

•

Titan Eye+ Secondary UCP YoY Growth

11% Overall

9% Like to like

Note: Video hyperlinks embedded for Titan’s viral social media campaign “Titan Eye Test menu” for truck drivers

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Particulars (₹ cr)Q3FY24Q3FY25YoY%Domestic16619315.8%International (Primary)1186.7%Total Income16719416.2%EBIT142150.0%EBIT Margin8.4%10.8%244 bpsEyeCare: Retail Network

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BrandParticularsSep'24QTD AdditionsDec'24(Net)Stores - Domestic (#)904 (3) 901 Stores - International (#)4 - 4 Area sq. ft. (k)579 3 582 Town Presence (#)349 (3) 346 Stores (#)1 - 1 Area sq. ft. (k)0.5 - 0.5 Town Presence (#)1 - 1 Stores (#)1 - 1 Area sq. ft. (k)0.5 0.0 0.5 Town Presence (#)1 - 1 Jewellery

• • Watches and Wearables • • • •

EyeCare Emerging Business International Business TEAL

About the Company

Executive Summary

Business Performance

Financial Performance

Updates Other

Other Updates

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Emerging Businesses: Quarterly Performance

•

In Emerging Businesses (excluding the discontinued Belts & Wallets business),

o Women's Bags clocked a growth of c.25% YoY led by new store openings o Fragrances recorded a strong growth of c.27% YoY led by c.23% YoY growth in

SKINN and well supported by double digit volume growth overall

o Taneira's growth was flattish YoY

The EBIT (loss) for the Emerging Businesses was ₹(32) cr for Q3FY25

During the quarter, IRTH opened its first store in Mumbai, followed by a store opening in Chennai

Taneira added 1 new store in Salem, Tamil Nadu expanding its presence to 82 locations across 42 cities

Summer Blooms

Vibrant Summer Florals on lightweight fabrics capturing the season’s essence

Note: Video hyperlink embedded for Taneira’s ‘For Beautiful Beginnings’ wedding collection

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IRTH Store at Palladium Mall, Mumbai

Particulars (₹ cr)Q3FY24Q3FY25YoY%Total Income1121185.4%EBIT(20)(32)(60.0%)EBIT Margin(17.9%)(27.1%)(926) bpsEmerging Business: Retail Network

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BrandParticularsSep'24QTD AdditionsDec'24(Net)Stores (#)81 1 82 Area sq. ft. (k)239 3 242 Town Presence (#)41 1 42 Stores (#)- 2 2 Area sq. ft. (k)- 1 1 Town Presence (#)- 2 2 Jewellery

• • Watches and Wearables • • • •

EyeCare Emerging Business International Business TEAL

Executive Summary

Business Performance

Financial Performance

Updates Other

Other Updates

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International Businesses (Consolidated): Quarterly Performance

Jewellery

•

Revenue from International operations of Jewellery business grew c.64% YoY to ₹569 cr

The YoY growth was largely led by growth from North America region and new store expansions. During the quarter, 2 new Tanishq stores were opened, one in Dubai and Seattle each, taking the total Jewellery international footprint to 20 stores comprising of 18 Tanishq stores and 2 Mia stores

Other Businesses

•

The Watches business grew c.78% YoY

EyeCare and Fashion Accessories (exports) together grew c.168% YoY (off a small base)

Titan Eye+ international presence stands at 4 stores in GCC region

Note: 1. Total Income in Jewellery and International Business excludes bullion sales of ₹89 cr in Q3FY25 2. Primary sales to Subsidiaries and inter-Subsidiary sales are eliminated while computing the Total Income for

Jewellery segment

3. Others include Revenue for Watches & Wearables (W&W), EyeCare and Emerging businesses 4. W&W Total Income includes direct primary exports from TCL and secondary sales made by the Subsidiaries

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Flagship store in Gold Souk, Dubai

International Total Income (₹ Crores)Total Income (₹ cr)Q3FY24Q3FY25YoY%Jewellery34656964.2%Others183384.3%International Business36460265.2%Jewellery

• • Watches and Wearables • • • •

EyeCare Emerging Business International Business TEAL

About the Company

Executive Summary

Business Performance

Financial Performance

Updates Other

Other Updates

Sensitivity: Internal

TEAL: Quarterly Performance

•

Total Income reduced c.4 % YoY to ₹ 193 Cr

• Within Divisions, Automation Solutions (AS) Revenue declined c.14 % YoY and

Manufacturing Services* (MS) Revenue grew c.12 % YoY

•

The AS business received orders of ₹ 196 Cr during the quarter. The current order book position as of Dec’24 is more than ₹ 330 Cr

In MS business, the aerospace segment clocked healthy double-digit growth rates. A strong pipeline of annuity business from existing clients provides good Revenue visibility for FY25.

EBIT for the quarter came in at ₹ 33 Cr clocking 17% margin

*Earlier known as Aerospace and Defense division

Sensitivity: Internal

Particulars (₹ cr)Q3FY24Q3FY25YoY%Total Income202193(4%)EBIT253331%EBIT Margin12.4%17.0%458 bpsAbout the Company

About the Company

Executive Summary

Business Performance

Financial Performance

Statement of Profit and Loss Segment Performance

• • • Capital Employed • Financial Trends

Updates Other

Other Updates

Sensitivity: Internal

Statement of Profit and Loss: Standalone

Note: 1. Operating Revenue and Total Income excludes bullion sales of Nil in Q3FY25 and ₹120 cr in Q3FY24 respectively (₹ 1,792 for YTDFY25 and ₹2,813 for YTDFY24) . 2. Profitability and expense percentages are computed on Total Income excluding bullion sales

Sensitivity: Internal

Q3FY24Q3FY25YoY%Particulars (₹ crores)YTDFY24YTDFY25YoY%12,93216,09724.5%Operating Revenue33,04439,57319.8%13,07116,22824.2%Total Income33,40439,94919.6%1,5961,6412.8%EBITDA4,2754,230(1.1%)12.2%10.1% (210) bps%12.8%10.6% (221) bps1,4781,5061.9%EBIT3,9483,837(2.8%)11.3%9.3% (203) bps%11.8%9.6% (221) bps1,040990(4.9%)PAT2,7582,465(10.6%)8.0%6.1% (186) bps%8.3%6.2% (209) bpsStatement of Profit and Loss: Consolidated

Note: 1. Operating Revenue and Total Income excludes bullion and digi-gold sales of ₹285 cr in Q3FY25 and ₹190 cr in Q3FY24 respectively (₹ 2,463 cr for YTDFY25 and ₹2,950 cr for YTDFY24) . 2. Profitability and expense percentages are computed on Total Income excluding bullion and digi-gold sales

Sensitivity: Internal

Q3FY24Q3FY25YoY%Particulars (₹ crores)YTDFY24YTDFY25YoY%13,97417,45424.9%Operating Revenue35,64043,07720.9%14,11017,58224.6%Total Income36,01443,44720.6%1,7011,8025.9%EBITDA4,4754,5271.2%12.1%10.2% (181) bps%12.4%10.4% (201) bps1,5471,6275.2%EBIT4,0504,018(0.8%)11.0%9.3% (171) bps%11.2%9.2% (200) bps1,0531,047(0.6%)PAT2,7252,466(9.5%)7.5%6.0% (151) bps%7.6%5.7% (189) bpsSegment Performance : Q3FY25

Note: 1. Emerging Businesses include Indian Dress Wear, Fragrances & Fashion Accessories 2. Others consist of Titan Subsidiaries excluding CaratLane and TEAL 3. Consolidation Adj. consist of elimination adjustments made on account of differences between primary outgoes included in TCL Standalone and International Business (Consolidated) 4. EBIT margin is calculated on Total Income excluding bullion and digi-gold sales 5. Total Income and EBIT from International Business is included in the respective divisions

Sensitivity: Internal

Total Income (₹ crores)EBIT (₹ crores)EBIT Margin (%)ParticularsQ3FY24Q3FY25YoY%Q3FY24Q3FY25YoY%Q3FY24Q3FY25YoYJewellery11,70914,69725.5%1,4321,398(2.4%)12.2%9.5%(272) bpsWatches & Wearables9821,12814.9%55111101.8%5.6%9.8%424bpsEyeCare16719416.2%142150.0%8.4%10.8%244bpsEmerging Businesses1121185.4%(20)(32)60.0%(17.9%)(27.1%)NMCorporate10191(9.9%)(3)8NMNMNMStandalone excl. bullion 13,07116,22824.2%1,4781,5061.9%11.3%9.3%(203) bpsCaratLane8801,11726.9%8213159.7%9.3%11.7%240bpsTEAL202193(4.2%)253331.2%12.4%17.0%458bpsOthers / Consolidation Adj.(43)44NM(38)(43)NMConsolidated exc. bullion & Digi Gold14,11017,58224.6%1,5471,6275.2%11.0%9.3%(171) bpsBullion & Digi Gold19028650.1%Consolidated14,30017,86825.0%Segment Performance : YTDFY25

Sensitivity: Internal

Total Income (₹ Crores)EBIT (₹ Crores)EBIT Margin (%)ParticularsYTDFY24YTDFY25YoY%YTDFY24YTDFY25YoY%YTDFY24YTDFY25YoYJewellery29,35435,33920.4%3,6373,433(5.6%)12.4%9.7%(268) bpsWatches & Wearables2,9643,45016.4%31742032.5%10.7%12.2%148 bpsEyeCare5586048.2%7765(15.6%)13.8%10.8%(304) bpsEmerging Businesses2813048.2%(71)(87)22.5%(25.3%)(28.6%)(335) bpsCorporate2472522.0%(12)6NMNMNMStandalone excl. bullion 33,40439,94919.6%3,9483,837(2.8%)11.8%9.6%(221) bpsCaratLane2,1682,70024.6%14322758.0%6.6%8.4%178bpsTEAL38758651.2%3469105.8%8.7%11.8%314bpsOthers / Consolidation Adj.55212NM(75)(115)NMConsolidated exc. bullion & Digi Gold36,01443,44720.6%4,0504,018(0.8%)11.2%9.2%(200) bpsBullion & Digi Gold2,9502,463(16.5%)Consolidated38,96445,91017.8%Capital Employed: Standalone

Jewellery

Watches & Wearables

EyeCare

Emerging Businesses

Titan Company

s t e s s A

y t i u q E

s e i t i l i b a

i L

20,884

5,616

17,255

3,508

13,747

15,268

Dec-23

Dec-24

3,391

2,395

996

4,262

2,987

1,275

677

307

370

621

250

371

427

226

201

534

253

281

Dec-23

Dec-24

Dec-23

Dec-24

Dec-23

Dec-24

Note: 1. Figures in ₹ crores, unless stated otherwise 2. Emerging Businesses include Indian Dress Wear, Fragrances & Fashion Accessories 3. Titan Company figures include Corporate segment

Sensitivity: Internal

36,983

15,973

32,329

13,658

18,671

21,010

Dec-23

Dec-24

Capital Employed: Consolidated

Jewellery

Watches & Wearables

EyeCare

Other Businesses

Titan Company

s t e s s A

y t i u q E

s e i t i l i b a

i L

24,224

5,538

20,091

4,333

15,758

18,686

3,470

2,453

1,017

4,367

3,093

1,274

682

307

375

635

258

377

1,326

609

717

1,509

723

786

35,415

10,788

30,557

8,730

21,827

24,627

Dec-23

Dec-24

Dec-23

Dec-24

Dec-23

Dec-24

Dec-23

Dec-24

Dec-23

Dec-24

Note: 1. Figures in ₹ crores, unless stated otherwise 2. Other Businesses include Emerging Businesses (Indian Dress Wear, Fragrances & Fashion Accessories) and the subsidiary TEAL 3. Titan Company figures include Corporate segment

Sensitivity: Internal

Consolidated: Quarterly Performance Trends

Total Income (₹ cr) and YoY Growth (%)

16%

10%

2.1%

-3.9%

5,208

4,693

4,753

6,550

-10%

4,210

12%

37%

-0.4%

10,040

7,319

7,526

7,356

7,497

19%

13%

26%

21%

24%

21%

14,110

11,383

11,069 10,835

11,440

9,131

8,742

9,419

17,582 25%

25%

13,556

11%

12,308

FY23: 38,675; 38%

FY24: 47,454; 23%

9MFY25: 43,446

FY20: 21,204; 6.2%

1,419

FY21: 20,474; 3.4%

3,095

FY22: 27,988; 37%

Q1'20

Q2'20

Q2'24 25% 22% 31% 22% 7% 21% 36% 37% 11% 26% 36% 27% 24% 23% 29% 24% 23%

Q2'22

Q1'21

Q2'23

Q3'21

Q3'22

Q4'22

Q1'22

Q4'21

Q4'20

Q2'21

Q3'20

Q1'23

Q3'23

Q1'24

Q4'23

% of FY

Q3'24

Q1'25 Q4'24 23% 30% 24%

Q2'25

Q3'25

10% 520

9.1% 425

9.9% 648

11%

509

FY20: 9.9%

741 10%

730 9.7%

217 5.2%

FY21: 6.5%

39 1.3%

PBT (₹ cr) and PBT Margin (%)

1,344

13%

868 12%

707 9.4%

1,142 13%

1,072 12%

1,245

11%

1,252

12%

1,378

9.8%

988 10%

1,002

9.1%

1,396

991

973

948

8.7%

7.9%

7.0%

7.9%

FY23: 11.5%

FY24: 9.7%

9MFY25: 7.6%

-361

FY22: 10.6%

Q3'21

Q4'21

Q1'22

Q2'22

Q3'22

Q4'22

Q1'23

Q2'23

Q3'23

Q4'23

Q1'24

Q2'24

Q3'24

Q4'24

Q1'25

Q2'25

Q3'25

In Q2FY25, the Total Income of Q2FY25 inadvertently included DigiGold sales of ₹ 104 crores. The error is regretted

Q4'20

Q2'20

Q3'20

Q1'20 Note: 1. Figures in ₹ crores, unless stated otherwise 2. Total Income excludes bullion and DigiGold sales 3.

Q2'21

Q1'21

Sensitivity: Internal

Consolidated: Annual Performance Trend

Total Income (₹ cr) and YoY Growth (%)

PBT (₹ cr) and PBT Margin (%)

PAT (₹ cr) and PAT Margin (%)

47,454

38,675

21,204

20,474

27,988

37%

38%

9.9%

2,102

6.5% 1,327

23%

6.2%

-3.4%

4,447

11.5%

4,623

9.7%

10.6% 2,958

3,274 8.5%

3,496

7.4%

7.9% 2,198

7.0%

1,493

4.8%

974

FY20

FY21

FY22

FY23

FY24

FY20

FY21

FY22

FY23

FY24

FY20

FY21

FY22

FY23

FY24

Total Equity (₹ cr)

Return on Average Capital Employed (%)

Return on Average Equity (%)

11,904

9,333

9,393

32%

33%

39%

36%

23%

26%

31%

33%

6,673

7,502

18%

14%

FY20

FY21

FY22

FY23

FY24

FY20

FY21

FY22

FY23

FY24

FY20

FY21

FY22

FY23

FY24

Note: 1. Figures in ₹ Crores, unless stated otherwise 2. Total Income excludes bullion and digi-gold sales

Sensitivity: Internal

Consolidated: Annual Segment Trend

Jewellery

Watches & Wearables

EyeCare

Total Income (₹ cr) and YoY Growth (%)

41,361

33,706

17,319

17,963

24,478 36%

38%

2,622

7.1%

23%

5.7%

FY20

3.7%

FY21

FY22

FY23

FY24

FY20

1,587

-39% FY21

3,310

43%

46% 2,317

3,930

19%

544

6.9%

FY22

FY23

FY24

FY20

689

33%

517 38%

726

5.4%

FY22

FY23

FY24

375

-31%

FY21

EBIT (₹ cr) and EBIT Margin (%)

4,387

13.0%

3,069 12.5%

4,812

11.6%

316 12.1%

408

12.3%

393

10.0%

100

4.3%

2,051 11.8%

1,701

9.5%

14.2%

11.0%

10.8%

23 6.1%

-2.6% -14

FY20

FY21

FY22

FY23

FY24

FY20

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

Jewellery Total Income excludes bullion and digi-gold sales

Sensitivity: Internal

-8.3% -132 FY21

FY22

FY23

FY24

FY20

FY21

FY22

FY23

FY24

About the Company

Executive Summary

Business Performance

Financial Performance

Other Updates

Sensitivity: Internal

Shareholding information

• Dividend • • Awards & Recognition •

ESG at Titan

Dividend

Note: 1. Amounts in Orange boxes refer to Total Dividend Payout in ₹ Crores

Sensitivity: Internal

Shareholding Information

Shareholding Pattern as at 31 December 2024

18.54%

4.50%

5.95%

18.11%

Stock Information

BSE Ticker

NSE Ticker

500114

TITAN

BSE Market Capitalization (Sep 30, 2024)

₹2.9 lakh crores

Number of Shares Outstanding

88.78 crores

52.90%

BSE Market Capitalization (₹ Crores)

337,780

288,855

225,156

223,287

138,322

Promoters

Mutual Funds

Retail

Foreign Institutional Investors

82,893

Insurance Cos. & Banks

Sensitivity: Internal

FY20

FY21

FY22

FY23

FY24

Dec'24

Awards & Recognitions

•

Economic Times ‘Business Leader of the Year 2023’ - Mr. C K Venkataraman

‘Forbes Top 30 Talent Leaders 2024’ – Mr. Swadesh Behera

ET Now ‘Best Organization for Customer Experience’ in 2024

ICICI Lombard-CNBC TV18 India ‘Risk Management Award for Regulatory Compliance Management’

‘Golden Award for Excellence in Bio-Diversity’ and the ‘Silver Award for Outstanding Sustainability Initiatives’ at the ELCITA Sustainability Awards 2023-24

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

‘Excellence in Water Management’ at the CII National Awards

Top rank at the 37th QCFI convention for the EyeCare ISCM manufacturing facility

‘Top 24 Organizations – The Employer of the Future’ by Leadup Universe

Taneira has been recognized by the Ministry of Textile for being the first in the industry to set up standards of zari certification

BW Sustainable India’s ‘One of India’s most Sustainable Companies in 2024’ award Awarded Employee Retention Champion in large team category at 18th Manning Modern Retail HR Conclave

Times Now Conclave ‘Most Impactful CEO’ - Ms. Suparna Mitra

Recognized by Hon’ble Chief Minister, Mr M.K Stalin as Tamil Nadu’s leading Organization Empowering Persons with Disabilities

Awarded HR Asia Best Companies to Work for in Asia – India 2024

Sensitivity: Internal

ESG at Titan – Overview

Sourced 1.72 crore units of renewable energy for our manufacturing plants and offices (FY24)

Environment

5,440 trees planted

Water storing capacity enhanced by 1,751 lakh litres

Social

16,000+ Individual lives enriched through the Integrated Village Development Program

Governance

Governed by the Tata Code of Conduct (TCOC)

Empowered 21,000+ Girl students through the Titan Kanya Program

Awarded India’s Best Boards 2021 by Economic Times / Amrop

Note: All figures are as on March 2024

Sensitivity: Internal

41,000+ Individuals skilled for employment, employability, and entrepreneurship

Gender Diversity Females represent 29% of total employees and workers Updated March 2024

7 Lakh+ beneficiaries through our Social Impact Programs

Independent oversight by the Board of Ethics Committee

Annexures

Sensitivity: Internal

Jewellery: Quarterly Trends (Standalone)

Total Income (₹ cr) and YoY Growth (%)

13%

11%

16%

-1.5%

-5.8%

-2.3%

37%

8,563

-4.2%

6,249

6,397

6,106

6,132

24%

19%

11,709 23%

18%

11% 9,518

7,600

7,203

7,576

9,070

8,575

10,763 14,697

26%

9,879

8.9%

19%

8,998

5,409

4,047

3,528

3,754

3,446

FY20: 16,738; 4.4%

1,182

FY21: 17,274; 3.2%

2,467

FY22: 23,268; 35%

FY23: 31,897; 37%

FY24: 38,352; 20%

YTDFY25: 35,339

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 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25

% of FY

24% 21% 32% 23% 7% 20% 36% 37% 11% 26% 37% 26% 24% 22% 30% 24% 24% 22% 31%

23%

EBIT (₹ cr) and EBIT Margin (%)

1,260

14.7%

1,027 12.7% 13.5%

1,103 15.3%

1,236

997 13.0% 13.2%

999

11.0%

1,206

14.1%

1,089

1,103

12.2% 12.1% 11.2%

780

932

8.7% 9.5%

1,432

1,398

11.0%

703

8.4% 207

13.0%

793

FY22: 13.1%

FY23: 13.7%

FY24: 12.3%

YTDFY25: 9.7%

10.9% 10.9%

442

384

13.0% 701

14.2%

534

FY20: 12.3%

12.0%

752

8.3%

285

FY21: 9.8%

-4.6%

(54)

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 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25

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

Sensitivity: Internal

Jewellery: Quarterly Trends (Consolidated)

Total Income (₹ cr) and YoY Growth (%)

39%

14%

12%

0.1%

-5.0%

-1.6%

16%

-2.8%

9,005

6,496

6,653

6,379

6,468

5,606

4,164

3,650

3,899

3,592

1,222

18%

13%

10,131

25%

22%

23%

24% 12,552

21%

9,754

9,263

9,792

7,995

7,515

8,065

FY24: 41,361; 23%

26%

15,848 26%

10% 10,730

11,671

2,626

FY23: 33,706; 38%

YTDFY25: 38,250

FY20: 17,319; 5.7%

FY21: 17,963; 3.7%

FY22: 24,478; 36%

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 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25

% of FY

24% 21% 32% 23% 7% 20% 36% 37% 11% 26%

37% 26% 24% 22% 30% 24% 24% 22% 30% 24%

12.6% 13.6% 704

530

10.5% 10.4%

438

379

11.8% 10.8% 766 717

8.0% 286

7.5% 198

EBIT (₹ cr) and EBIT Margin (%)

1,288

1,243

14.3%

12.6% 803

1,052 12.1% 13.2% 780

1,088 14.5%

1,004 12.3% 12.4%

1,217

13.1%

1,022

10.5%

1,482

1,490

1,091

1,102

974

11.8% 11.1% 10.3%

8.3% 9.4%

FY20: 11.8%

-5.6%

(68)

FY21: 9.5%

FY22: 12.5%

FY23: 13.0%

FY24: 11.6%

YTDFY25: 9.3%

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 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25

Note: 1. Figures in ₹ crores, unless stated otherwise 2. Total Income excludes bullion and DigiGold sales 3.

In Q2FY25, the Total Income of Q2FY25 inadvertently included DigiGold sales of ₹ 104 crores. The error is regretted

Sensitivity: Internal

Watches & Wearables: Quarterly Trends (Standalone)

Total Income (₹ cr) and YoY Growth (%)

20%

6.4%

715

719

-2.4%

625

4.9%

557

-0.3%

-12%

550

555

400

292

FY20: 2,615; 7.2%

FY21: 1,580; (40)%

FY22: 2,309; 46%

29%

687

708

21%

785

829

12%

622

40%

871

13%

890

15%

811

32%

1,092

21%

982

15% 1,021

7.9% 940

1,301

19%

1,128 15%

FY23: 3,296; 43%

FY24: 3,904; 18%

YTDFY25: 3,450

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 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25

% of FY

27% 27% 24% 22% 5% 25% 35% 35% 13% 30% 31% 27% 24% 25% 25% 26% 23% 28% 25%

24%

17.9%

128

15.8%

113

13.0%

8.3% 52

10.3% 57

8.3% 46

FY20: 14.0%

-0.9% (4)

FY21: (4.1)%

(56)

EBIT (₹ cr) and EBIT Margin (%)

13.5% 92

11.6% 82

FY22: 5.8%

2.6%

13.1% 103

14.8% 123

102 98 11.0% 11.3% 11.5%

FY23: 12.5%

160

14.7%

115

11.3%

194 14.9%

111 9.8%

8.5%

5.6%

FY24: 10.2%

YTDFY25: 12.2%

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 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25

(164)

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

Sensitivity: Internal

Watches & Wearables: Quarterly Trends (Consolidated)

Total Income (₹ cr) and YoY Growth (%)

20%

6.1%

-2.2%

5.1%

716

720

627

558

0.2%

-12%

551

559

401

293

29%

689

710

12%

625

21%

14%

786

830

811

41%

883

32%

1,092

22%

986

16%

913

6.3% 939

12% 1,023

1,304

19%

1,137

FY20: 2,622; 7.1%

FY21: 1,587; (39)%

FY22: 2,317; 46%

FY23: 3,310; 43%

FY24: 3,930; 19%

YTDFY25: 3,464

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 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25

% of FY

27% 27% 24% 22% 5% 25% 35% 35% 13% 30%

31% 27% 24% 25% 24% 27% 23% 28% 25% 24%

EBIT (₹ cr) and EBIT Margin (%)

16.6%

119

14.4% 104

6.2%

9.7% 54

FY20: 12.1%

38 6.8%

15 2.7%

13.1% 90

11.2% 80

-3.0% (12) FY21: (8.3)%

(61)

FY22: 4.3%

14.7% 122

106 101 82 10.1% 12.0% 11.1%

12.5% 98

160

14.7%

56 5.7%

111 10.9%

8.1%

196 15.0%

108 9.5%

-1.4% (9)

FY23: 12.3%

FY24: 10.0%

YTDFY25: 12.0%

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 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25

(173)

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

Sensitivity: Internal

EyeCare: Quarterly Trends (Standalone)

Total Income (₹ cr) and YoY Growth (%)

28%

13%

149

154

2.9%

133

-16%

108

18%

-7.0%

124

127

26%

160

156

5.1%

134

4.9%

11%

23%

183

167

174

165

11%

12%

203

188

-4.0% 0.6% 3.0% 6.9% 201

209

167

166

16%

194

FY20: 544; 6.9%

FY21: 375; (31)%

FY22: 517; 38%

FY23: 689; 33%

FY24: 724; 5.1%

YTDFY25: 604

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 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25

% of FY

27% 28% 25% 20% 8% 25% 33% 34% 13% 31% 30% 26% 27% 24% 25% 24% 28% 26% 23%

23%

23 17.7% 18.1%

9 9.6%

EBIT (₹ cr) and EBIT Margin (%)

22.9% 21.8%

19.8%

16.5% 18.4%

17.2%

14.9%

-2.2% (3)

FY23: 14.2%

2 1.2%

9.6%

11.9% 10.8%

8.4%

8 4.8%

FY24: 11.7%

YTDFY25: 10.8%

FY21: 6.1%

(13)

FY22: 10.5%

2 1.3%

2 1.7%

-7.7% (11)

-5.0% (7)

FY20: (2.6)%

(31)

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 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25

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

Sensitivity: Internal

Statement of Profit and Loss: Standalone

Note: 1. Operating Revenue and Total Income includes bullion sales of Nil in Q3FY25 and ₹120 cr in Q3FY24 respectively (₹ 1,792 cr for YTDFY25 and ₹2,813 cr for YTDFY24) 2. Profitability and expense percentages are computed on Total Income excluding bullion sales

Sensitivity: Internal

Q3FY24Q3FY25YoY%Profit and Loss statement (in ₹ Crores)YTDFY24YTDFY25YoY%12,91216,05324.3%Sale of products / services32,91839,42619.8%14044(69%)Other operating revenue2,9391,939(34.0%)139131(5.8%)Other Income3603764.4%13,19116,22823.0%Total Income36,21741,74115.3%10,21613,00727.3%COGS28,07133,18518.2%2,9753,2218.3%Gross Contribution8,1468,5565.0%22.8%19.8% (291) bps%24.4%21.4% (297) bps38444415.6%Employee benefits expense1,1281,27012.6%23628018.6%Advertising64873213.0%75985612.8%Other expenses2,0952,32410.9%1,3791,58014.6%Total Overheads3,8714,32611.8%1,5961,6412.8%EBITDA4,2754,230(1.1%)12.2%10.1% (210) bps%12.8%10.6% (221) bps11813514.4%Depreciation32739320.2%1,4781,5061.9%EBIT3,9483,837(2.8%)11.3%9.3% (203) bps%11.8%9.6% (221) bps13318639.8%Finance cost31856377%1,3451,320(1.9%)PBT3,6303,274(9.8%)10.3%8.1% (216) bps%10.9%8.2% (267) bps3053298.1%Tax872809(7.3%)1,040991(4.8%)PAT2,7582,465(10.6%)8.0%6.1% (185) bps%8.3%6.2% (209) bpsStatement of Profit and Loss: Consolidated

Note: 1. Operating Revenue and Total Income includes bullion and DigGold sales of ₹286cr in Q3FY25 and ₹190 cr in Q3FY24 respectively (₹ 2,463 cr for YTDFY25 and ₹2,950 cr for YTDFY24) 2. Profitability and expense percentages are computed on Total Income excluding bullion and digi-gold sales

Sensitivity: Internal

Q3FY24Q3FY25YoY%Profit and Loss statement (in ₹ Crores)YTDFY24YTDFY25YoY%13,96317,55025.7%Sale of products / services35,52243,24621.7%201190(5%)Other operating revenue3,0682,294(25%)136128(6%)Other Income374370-1.1%14,30017,86825.0%Total Income38,96445,91017.8%10,87014,08329.6%COGS29,72435,94120.9%3,4303,78510.3%Gross Contribution9,2409,9697.9%24.3%21.5% (278) bps%25.7%22.9% (271) bps48055515.6%Employee benefits expense1,3911,59714.8%3383719.8%Advertising88098812.3%9111,05716.0%Other expenses2,4942,85714.6%1,7291,98314.7%Total Overheads4,7655,44214.2%1,7011,8025.9%EBITDA4,4754,5271.2%12.1%10.2% (181) bps%12.4%10.4% (201) bps15417513.6%Depreciation42651019.7%1,5471,6275.2%EBIT4,0504,018(0.8%)11.0%9.3% (171) bps%11.2%9.2% (200) bps16923136.7%Finance cost41870167.7%00Share of profit/ (loss) of Associate111,3781,3961.3%PBT3,6323,317(8.7%)9.8%7.9% (183) bps%10.1%7.6% (245) bps- - Exceptional items- - 3253497%Tax907851(6%)1,0531,047(0.6%)PAT2,7252,466(9.5%)7.5%6.0% (151) bps%7.6%5.7% (189) bpsSustainability at Titan – Key Initiatives – Q3FY25 - (1/2)

Girl child / Education

IIMPACT organized a virtual training on Mother Literacy with collaboration with Devi Sansthan

• • Empowered lives of 22,000+ girls through Titan Kanya and 17,800+ girls through Kanya Sampurna programs • Academic intervention provided to 2,758 students, 71% of the enrolled girls in GGIC. In addition, the Life Skills and Career Guidance

sessions were done for 1,875 girls

• Two separate Science and Maths fairs called Aghaz were organized in the states of Uttarakhand & Uttar Pradesh

Skill development for underprivileged

• 425 trainees completed their trainings and 135 were placed successfully in jobs. 60-hour Intermediate sewing machine technology

course completed for 40 Women in Veliyur Kancheepuram-under WeLeAD Program and advanced training has commenced • 183 trainees have enrolled to CNC, Medical Coding, GST & Accounting & ITES Courses. Of the 258 trainees who completed their

courses, 125 were placed successfully

• 7 Persons with Physical Disabilities started their entrepreneurial journey

Affirmative Action

158 candidates from this list

• Distribution of selected candidates: 72% girl child, 21% AA, 5% differently abled, 18% were single parent and / or orphans

• 476 candidates were selected through a personal interview and written test out of 1,950 applicants. Scholarship were awarded to

Support for Indian Arts, Crafts & Heritage and Design Impact program

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• Discussions have commenced with IIM Calcutta regarding their incubation program. Additionally, the Design Impact Awards 2.0

progress includes conducting due diligence for the shorlisted finalist, updating the website, and finalizing grantee agreements for project implementation

Sustainability at Titan – Key Initiatives – Q3FY25 - (2/2)

• Happy Eyes program continues to achieve its objectives. Titan has initiated camps in TamilNadu and Karnataka and

screened more than 67,000 beneficiaries

Responsible citizenship

• Organized an Eye Camp in Jaunpur, Uttarakhand together with Mission for Vision and Nirmal Ashram Eye Institute • Employee engagement through volunteering continues in full swing, including special focus on sustainability led programs • Titan's integrated village development programs in the states of Uttarakhand , Nagaland, TamilNadu continue to make steady progress. Interventions include capacity building, strengthening village and field bunds, FPO marketing etc.

• Few water bodies have been taken up for rejuvenation in Tamil Nadu in Kanchipuram and Chengalpet districts

•

• •

•

Canteen cooking process is completely changed to a green initative of induction cooking using electrical energy leading to significant savings via green energy options. Significant reduction in diesel usage by 5,536 litres from FY24 Total Volunteering hours achieved by Footprints by August 2024 = 8,568 Increased the micro camps and parallel camps to ensure the coverage in Mettupalayam. School screening started in Rajapalayam The new CPCB IV+ DG has been successfully installed at Noida & Kolkata Lens labs, a first of its kind installaton in the Noida industrial area Launched one of Titan’s most ambitious afforestation projects with Biota Soil Foundation in the Hosur and Krishnagiri regions - involves planting 200,000+ trees on 40 acres and includes protocol-based carbon sequestration estimation 47 tons of organic sludge from the STP was converted into manure and distributed to local landowners in Hosur, TanilNadu in the previous three months

• Won the "Best Innovative Technology" award at the CII Southern Region Waste Management Competition for Titan's

silver recovery projects from waste batteries

Other Initiatives

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Glimpses of ESG Activities in Q3FY25

Inauguration of home-based biogas plants at Jompanahalli by MD Venkataraman CK

Awarded Best Innovative Technology

Leading Organization Empowering Persons with Disabilities

Vvolunteering

IVDP II was awarded @18th CII National Water Awards

IIMPACT learning center visit by Board Director Anil Chaudhry - Uttarakhand

Kanchipuram Lake Rejuvenation work

Capacity building programmes at factory

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Thank You!

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

Sensitivity: Internal

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