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Titan (Consolidated) recorded an income of 12,386 crores, growing by 12% in Q1FY25 compared to Q1FY24. The PBT was lower by 3% at 973 crores compared to Q1FY24 due to financial costs of the Caratlane acquisition (acquisition costs were not part of the base quarter).

The World Gold Council’s Q2 2024 Gold Demand Trends report reveals that total global gold demand increased 4% year-on-year to 1,258t, marking the strongest Q2 in our data series1. Total demand was supported by healthy over-the-counter (OTC2) transactions, up a notable 53% year-on-year at 329t.