Titan Company Ltd

Titan Company has received affirmation in credit ratings from CARE at CARE AAA; Stable / CARE A1+ for bank facilities and commercial paper. Powered by Capital Market - Live

Titan Company has received affirmation in credit rating for various debt facilities at ICRA AAA; Stable / ICRA A1+. Powered by Capital Market - Live

On the segmental front, Jewellery revenue rose 16.6% YoY to Rs 11,217 crore, Watches revenue increased 24.1% YoY to Rs 1,239 crore, EyeCare revenue grew 12.5% YoY to Rs 234 crore and CaratLane posted 39% YoY jump in revenue to Rs 1,026 crore. Titan Engineering & Automation (TEAL) has recorded revenue of Rs 307 crore, a 55.8% YoY increase. The Emerging Businesses have reported revenue of Rs 108 crore (up 35% YoY), while the International Business clocked revenues of Rs 592 crore (up 48% YoY). The Bullion and Digi-Gold revenue stood at Rs 1,850 crore, marking a 71.6% YoY rise. Titan stated that the high gold prices and challenging market conditions saw customers gravitate toward gold purchases driving better growths in gold jewellery and coins, vis-a-vis studded. Ticket size improvement largely offset the impact of elevated gold prices on customer traffic in the quarter. CaratLane's targeted gold coin promotion saw excellent consumer response driving healthy customer acquisition. The International Jewellery business clocked healthy double-digit growths in both UAE and North America regions achieving its first ever profitability. The growth in Watches business was driven by both volume uptake and pricing actions. The smartwatches segment focused on profitability optimization. The division added 9 new stores (net) consisting of 4 stores in Titan World and 5 in Helios, respectively. In the EyeCare business, driven by seasonal trends, sunglasses growth significantly outpaced prescription products (lenses and frames) during the quarter. The Division added a new store in Sharjah, UAE during the quarter. In India, network optimization continued with 20 store closures (net). TEAL saw Automation Solutions (AS) Revenue grow by 82% and the Manufacturing Services (MS) Revenue rise by 16% in this period. The AS business received orders of Rs 357 crore during the quarter, with a Jun'25 order book exceeding Rs 550 crore. In MS business, the aerospace segment recorded healthy double-digit growth rates. EBITDA improved by 41.6% to Rs 1,935 crore in Q1 FY26 from Rs 1,367 crore in Q1 FY25. EBITDA margin rose by 199 basis points YoY to 13.1% in Q1 FY26. Profit before tax (PBT) in Q1 FY26 was at Rs 1,480 crore, up by 52.1% from Rs 973 crore posted in Q1 FY25. CK Venkataraman, managing director of the company stated that: Q1 FY26 has been an encouraging start to the fiscal year with 21% consolidated revenue growth, demonstrating the strength of our diversified business model. Our Jewellery business continues to show remarkable resilience despite headwinds from elevated gold prices. EyeCare has been clocking three quarters of double-digit growth, and we are confident of accelerating this momentum in the coming quarters as we expand our reach and enhance our product offerings. Our Emerging brands of SKINN, IRTH and Taneira have made substantial progress in optimizing their business mix and are well-positioned to capture greater market share. Our international operations continue to deliver strong growth, opening new avenues for expansion. Titan Company, a joint venture between the Tata Group and the Tamilnadu Industrial Development Corporation (TIDCO), had commenced its operations in 1987 under the name 'Titan Watches Limited'. In 1994, Titan diversified into jewellery (Tanishq) and subsequently into EyeCare. Over the last three decades, Titan has created lifestyle brands across different product categories including fragrances (SKINN), accessories and Indian dress wear (Taneira) and thoughtfully designed Women Bags (IRTH). Powered by Capital Market - Live

Net profit of Titan Company rose 52.59% to Rs 1091.00 crore in the quarter ended June 2025 as against Rs 715.00 crore during the previous quarter ended June 2024. Sales rose 21.20% to Rs 14814.00 crore in the quarter ended June 2025 as against Rs 12223.00 crore during the previous quarter ended June 2024. ParticularsQuarter EndedJun. 2025Jun. 2024% Var. Sales14814.0012223.00 21 OPM %12.3510.20 - PBDT1664.001137.00 46 PBT1480.00973.00 52 NP1091.00715.00 53 Powered by Capital Market - Live

Net profit of Titan Company rose 33.77% to Rs 1030.00 crore in the quarter ended June 2025 as against Rs 770.00 crore during the previous quarter ended June 2024. Sales rose 17.42% to Rs 13040.00 crore in the quarter ended June 2025 as against Rs 11105.00 crore during the previous quarter ended June 2024. ParticularsQuarter EndedJun. 2025Jun. 2024% Var. Sales13040.0011105.00 17 OPM %12.5210.91 - PBDT1523.001147.00 33 PBT1380.001021.00 35 NP1030.00770.00 34 Powered by Capital Market - Live

In a regulatory filing made post market hours yesterday, the company informed that Titan, through its wholly owned subsidiary Titan Holdings International FZCO (Titan Holdings), has entered into an agreement for the sale and purchase of shares, to acquire 67% stake in Damas LLC (UAE), the current holding company for Damas jewellery business in GCC countries from Mannai Corporation. The current Graff Monobrand Franchisee business of Damas LLC will be discontinued before completion of the proposed transaction. The consideration for the proposed transaction is arrived on the basis of the enterprise value of AED 1,038 million. On the completion of this acquisition. Titan Holdings would hold 67% of the equity share capital and voting rights in Damas LLC and a path to acquire the balance 33% stake from Mannai after 31 December 2029, subject to conditions agreed upon in the definitive document. The proposed transaction is strategically significant for Titan's jewellery business as it will facilitate the expansion across the 6 GCC countries of UAE, Saudi Arabia, Qatar, Oman. Kuwaij and Bahrain. The region is exhibiting robust economic growth creating a demand for differentiated, high quality offerings rooted in Arabian aesthetic and appealing to sophisticated clientele seeking unique, culturally resonant designs. Dubai-based Damas Jewellery stands as Middle East's premier jewellery retailer. With a network presence of 146 stores across the 6 GCC countries, Damas today, houses a rich and curated portfolio of in-house collections alongside prestigious international labels. C.K. Venkataraman, managing director of Titan, said: 'After successfully establishing Tanishq in the GCC countries and the USA, our ambition for a global jewellery play is moving to the next stage. With the Damas acquisition, Titan Company is stepping out from its diaspora focus into other nationalities and ethnicities. Damas is a prestigious brand revered in the GCC markets for its product innovation, quality and customer experience. The brand's rich legacy and strong presence in the GCC region align perfectly with our vision to deliver exceptional value to customers through iconic, consumer-focused businesses. The acquisition not only creates a significant new global opportunity for Titan, but also enhances Titan's overall position in the jewellery market in the GCC countries and brings in multiple synergy benefits in talent, retail networks and supply chain. Titan Company is a joint venture between the Tata Group and the Tamilnadu Industrial Development Corporation (TIDCO). The company diversified into Jewellery (Tanishq) and subsequently into the eye care segment. The company's consolidated net profit jumped 12.97% to Rs 871 crore in Q4 FY25 as compared with Rs 771 crore in Q4 FY24. Revenue from operations increased 23.76% year-on-year to Rs 13,897 crore in Q4 FY25. Powered by Capital Market - Live

 Titan Company (Titan) through its wholly owned subsidiary Titan Holdings International FZCO (Titan Holdings) has entered into an Agreement for the Sale and Purchase of Shares, to acquire 67% stake in Damas LLC (UAE), current holding company for Damas jewellery business in GCC countries (Damas Business) from Mannai Corporation (Mannai) (Proposed Transaction). The current Graff Monobrand Franchisee business of Damas LLC will be discontinued before completion of the Proposed Transaction. The consideration for the Proposed Transaction is arrived on the basis of the enterprise value of AED 1,038 million. On completion of the acquisition. Titan Holdings would hold 67% of the equity share capital and voting rights in Damas LLC and a path to acquire the balance 33% stake from Mannai after 31st December 2029, subject to conditions agreed upon in the definitive document. The Proposed Transaction is strategically significant for Titan's jewellery business as it will facilitate the expansion across the 6 GCC countries of UAE, Saudi Arabia, Qatar, Oman. Kuwaij and Bahrain. Powered by Capital Market - Live

Titan Company will hold a meeting of the Board of Directors of the Company on 7 August 2025.Powered by Capital Market - Live

Narayan currently leads the Tanishq India business and has played a key role in expanding the brand's retail footprint, marketing strategies, and merchandising since April 2020. Narayan, a Tata Administrative Services (TAS) officer and IIM Calcutta alumnus, brings nearly 30 years of experience across leadership roles within Titan and the Tata Group. His past roles include Regional Business Head ' West, Helios Business Head, and National Sales & Retail Head for Titan Watches. The reshuffle comes in light of the earlier announcement that Ajoy Chawla, the current CEO of the Jewellery Division, will succeed C.K. Venkataraman as managing director from January 2026. In another key development, Kuruvilla Markose has been appointed as CEO of the Watches Division, effective 13 August, 2025. Markose, who currently heads Titan's International Business Division, joined the company as Chief Digital Officer in 2015 and has since been instrumental in driving global expansion across watches, jewellery, and eyewear. A TAS Member since 1995, Markose holds degrees in agriculture and an MBA from IIFT, New Delhi. He has over three decades of diverse experience across FMCG, telecom, BPO, consulting, digital, and retail sectors. These transitions come following the resignation of Suparna Mitra, CEO of the Watches Division, who is set to step down by 12 August 2025. Titan Company is a joint venture between the Tata Group and the Tamilnadu Industrial Development Corporation (TIDCO). The company diversified into Jewellery (Tanishq) and subsequently into the eye care segment. The company's consolidated net profit jumped 12.97% to Rs 871 crore in Q4 FY25 as compared with Rs 771 crore in Q4 FY24. Revenue from operations increased 23.76% year-on-year to Rs 13,897 crore in Q4 FY25. The scrip fell 5.60% to Rs 3,461.35 on the BSE. Powered by Capital Market - Live

Titan Company announced the following change in senior management personnel position: - Arun Narayan, currently leading the Company's Tanishq India business responsible for Retail, Marketing and Merchandising, will succeed Ajoy Chawla as the CEO of the Jewellery Division with effect from 1 January 2026; and - Kuruvilla Markose, currently the CEO of the Company's International Business Division, will succeed Suparna Mitra as the CEO of the Watches Division with effect from 13 August 2025. Powered by Capital Market - Live