Titan stocks will be in the spotlight when the Indian stock market opens today, as Tata Group’s shares will trade ex-dividend. This means that purchasing Titan shares today will not entitle you to the recently declared dividend. On May 3, 2024, the company’s board declared an ₹11 per share dividend for eligible shareholders, setting June 27, 2024, as the dividend record date. Titan Company’s dividend record date is on an ex-date basis, meaning only those who were shareholders before today are eligible for the dividend. The Tata Group company announced this dividend in conjunction with its Q4 2024 results on May 3, 2024.
Titan Dividend 2024 Details
Last month, Titan Company declared an ₹11 per share dividend. The company stated, “The Board at its meeting held today, i.e. Friday, May 3, 2024, recommended a Dividend of ₹11.00 per Equity Share of ₹1 each of the Company, which shall be paid/dispatched on or after the seventh day from the conclusion of the 40th Annual General Meeting, subject to the approval of the shareholders of the Company.”
Titan Q4 2024 Results
In Q4 FY24, Titan Company’s financial performance was strong, meeting market expectations and reporting a 7% year-on-year rise in standalone net profit to ₹786 crore. This profit was in line with market estimates of ₹794 crore. Net sales surged 17% in the January to March 2024 quarter to ₹10,047 crore, demonstrating Titan’s robust market presence. The board also approved CK Venkataraman as the MD of the company until December 2025, reflecting strong leadership.
- Titan Company Stock:
- Current Price: ₹3,372.65 (down ₹29.25 or 0.86%)
- Day High: ₹3,402.00
- Day Low: ₹3,370.00
- Volume (BSE): 17,202.00
- Q4 Financial Highlights:
- EBIT rose 8% YoY to ₹1,139 crore
- EBIT margins declined 95 basis points to 11.1%
- Jewellery business income grew 19% YoY to ₹8,998 crore
- Indian business revenue rose 20% YoY
Disclaimer: Investors are advised to consult with certified experts before making any investment decisions.
