Titan Company Ltd

Profit before exceptional items and tax rose 25.29% YoY to Rs 1,526 crore in the March 2026 quarter. The company reported an exceptional loss of Rs 51 crore during the period. Earnings Before Interest & Tax (EBIT) stood at Rs 1,875 crore in Q4 FY26, up 28% compared with Rs 1,470 crore in Q4 FY25. EBIT margin contracted to 9.2% in Q4 FY26 compared with 10.6% in Q4 FY25. In Jewellery business recorded 50% growth compared with the year-ago period. New collections and the company's exchange programs powered robust 35% growth in both gold and studded jewellery portfolios. Tanishq, Mia and Zaya business (combined) grew 48% to Rs 16,047 crore while Caratlane recorded 22% growth to around Rs 1,066 crore. During the quarter, the company added 27 stores (net) in India, comprising of 8 Tanishq stores, 14 Mia stores and 5 Caratlane stores. The Watches business achieved total income of Rs 1,222 crore for the quarter, up 8% YoY. The analog segment recorded healthy double-digit growth in consumer sales supported by good volume uptick and improvements in price realisation. Smart Watches volume decline was partially offset by improvement in average price realizations. This segment witnessed nearly 50% decline in overall value. The Eyecare business posted total income of Rs 227 crore in Q4 FY26, registering 17% growth over Q4 FY25. The growth for the quarter was led by International Brands and improvement in price realizations across the product portfolio. The Emerging businesses comprising of SKINN Fragrances, IRTH Women's Bags and Indian Dress Wear (Taneira) saw varying growth trajectories across individual businesses. Combined total income grew 20% to Rs 123 crore in Q4 FY26 and recording a loss of Rs 50 crore for this period. The Titan Engineering & Automation business reported 60% YoY growth, with total income rising to Rs 454 crore in Q4 FY26.. The automation solutions (AS) business continued its order accretion momentum while the manufacturing services (MS) business maintained its healthy double-digit growth rates in this period. On full year, the company's consolidated net profit climbed 52.02% to Rs 5,073 crore on 34.39% revenue from sale of products to Rs 76,797 crore in FY26 over FY25. Ajoy Chawla, managing director of the company stated that: 'FY26 has been a landmark year for Titan. We had crossed the Rs 50,000 crore annual revenue milestone in in FY25 after nearly 40 years. The next Rs 25,000 crore has been remarkably achieved in a single year of FY26. This is a reflection of the enduring strength of our brands, the trust of our consumers, and the unflinching commitment of every member of the Titan family. The quarter performance was led by 'Festival of Diamonds' with our brands of Tanishq, Mia, Zaya, CaratLane, beYon and Damas striking the right chord with consumers across geographies and age groups. Our Watches business, through its innovative collections and continues to write a compelling story of premiumization and design excellence. Our Emerging Businesses are growing well whilst strengthening their customer value proposition to build the foundations for sustainable growth. As we step into FY27 with optimism on the back of an exceptional FY26 performance, we are conscious of the macro volatility and fragile geopolitical situations that necessitate all around agility to respond effectively to grow our businesses.' Meanwhile, the company's board declared a dividend of Rs 15 per equity share of Rs 1 each. The dividend will be paid within seven days from the conclusion of the 42nd annual general meeting, Titan is India's leading lifestyle company. It has established leading positions in the jewellery, watches and eyecare categories. It has also diversified into wearables, indian dress wear and fragrances & fashion accessories.Powered by Capital Market - Live

Titan Company announced that the Board of Directors of the Company at its meeting held on 8 May 2026, inter alia, have recommended the final dividend of Rs 15 per equity Share (i.e. 1500%) , subject to the approval of the shareholders.

Net profit of Titan Company rose 35.36% to Rs 1179.00 crore in the quarter ended March 2026 as against Rs 871.00 crore during the previous quarter ended March 2025. Sales rose 48.28% to Rs 20607.00 crore in the quarter ended March 2026 as against Rs 13897.00 crore during the previous quarter ended March 2025. ParticularsQuarter EndedMar. 2026Mar. 2025% Var. Sales20607.0013897.00 48 OPM %9.4011.06 - PBDT1772.001401.00 26 PBT1526.001218.00 25 NP1179.00871.00 35 Powered by Capital Market - Live

Titan Company announced that Ashwani Puri (DIN: 00160662), has completed his second term of five (5) consecutive years as an Independent Director and consequently ceased to be a Director of the Company effective 6 May 2026.

Titan Company will hold a meeting of the Board of Directors of the Company on 8 May 2026.

The growth was driven by strong traction in jewellery and steady momentum across segments. The company added a net 47 stores during the quarter, taking its total retail network to 3,603 stores. The jewellery business emerged as the standout performer, delivering around 46% YoY growth. Secondary (consumer) sales rose about 52%, led by strong traction in Tanishq and supported by Mia. Despite a sharp rise in gold prices, the business recorded high single-digit buyer growth during the quarter, recovering from nearly flat trends seen in the previous three quarters of FY26. Higher average ticket sizes further boosted overall revenue. Category-wise, studded jewellery posted growth in the early thirties, plain gold jewellery expanded in the mid-thirties, while coin sales nearly tripled compared to Q4 FY25. Like-to-like secondary sales across jewellery formats rose 48% YoY. Titan added 27 jewellery stores in India during the quarter, including 8 Tanishq stores, 14 Mia outlets and 5 CaratLane stores. The watches division reported about 7% YoY growth, supported by a 16% rise in analog watches, even as the smartwatches segment declined sharply by 53%. Premiumisation trends continued to drive higher ticket sizes. The division added 30 stores during the quarter, including Titan World, Fastrack, Helios and Helios Luxe outlets. The eyewear business grew about 16% YoY, aided by strong demand for international brands across sunglasses, lenses and frames. The company continued to optimise its retail footprint by renovating 37 stores, closing 32 and adding 12 new outlets. Among emerging businesses, fragrances grew around 30% YoY, driven by strong volume growth in Fastrack and Skinn. Women's bags recorded a sharp 47% growth, supported by store expansion and healthy demand across Irth and Fastrack. However, Taneira reported a marginal 1% decline in sales. During the quarter, Irth added six stores while Taneira shut one outlet. On the international front, Titan's North America business maintained strong momentum with around 50% YoY growth. Overall international operations, including Damas, surged approximately 156% YoY. As of March 2026, Titan's international presence included 149 stores in the GCC region, 12 stores in North America and one store in Singapore. The GCC network comprises 142 jewellery stores across Tanishq, Mia and Damas, along with seven Titan Eye+ stores. Titan is India's leading lifestyle company. It has established leading positions in the jewellery, watches and eyecare categories. It has also diversified into wearables, indian dress wear and fragrances & fashion accessories. The company reported 61% increase in consolidated net profit to Rs 1,684 crore on a 40% increase in total income to Rs 24,592 crore in Q3 FY26 over Q3 FY25.

Titan Company has received the credit rating ICRA AAA; Stable / ICRA A1+ for various debt facilities aggregating to Rs 21,950 crore.

Titan Company has fully redeemed commercial paper of Rs 1,500 crore on 09 March 2026. Powered by Capital Market - Live

While EBIT improved by 63% to Rs 2,657 crore, EBIT margin expanded by 155 basis points YoY to 10.8% in Q3 FY26. Profit before tax in Q3 FY26 stood at Rs 2,375 crore, up by 70% from Rs 1,396 crore recorded in Q3 FY25. The revenue of the Jewellery Business grew 42% YoY to Rs 22,517 crore. Of this, the India business income was Rs 21,458 crore (up 41% YoY) and that of the International jewellery business was Rs 1,058 crore (up 83% YoY). Titan stated that the India (Domestic) business has recorded one of its highest ever quarterly growth performance (excluding Covid periods) led by a vibrant festive and backed by visible and evocative campaigns for all brands in the portfolio. The robust growth was supported by a powerful exchange program, wedding sales, festive collections and attractive coin offers driving strong growth momentum throughout the quarter, despite elevated gold prices. The International Business clocked robust double-digit retail growth during the quarter aided by both store expansion and strong like-to-like growths. Of the 49 new store additions (net) for Q3FY26, 47 new stores (net) were added in India comprising of 24 in Caratlane, 11 in Mia, 10 in Tanishq, 1 in Zoya and 1 in beYon, respectively. Tanishq added two new stores in USA in Boston and Orlando during the quarter. The Watches business achieved a total income of Rs 1,295 crore for the quarter, growing 14% in Q3 FY26 over Q3FY25. The business witnessed strong traction in the festive season driven by gifting occasions. Premiumization journey saw steady progress across Titan, Fastrack and Sonata brands, all growing in healthy double-digits compared to Q3 FY25. The EyeCare business recorded 18% YoY rise in total income to Rs 231 crore in Q3 FY26. The business saw healthy demand in core categories supported by high single-digit volume growth and mid-single digit growth in average selling prices (ASP). Growth was led by lenses and sunglasses, both achieving double-digit growths for the quarter. Total Income for the Emerging Businesses (women's bags, fragrances and Taneira) grew 15% YoY to Rs 135 crore in Q3 FY26. Compared to same period last year, women's bags experienced strong double-digit growth in both volumes and ASP. The fragrances business grew 24%, driven by strong volume growths in Skinn and Fastrack perfumes. Taneira's consumer business grew 7% led by increase in ASP and same-store-sales growth. The Titan Engineering & Automation (TEAL') Business recorded a total income of Rs 323 crore in Q3 FY26, growing 67% as compared to Q3FY25. Across its automation solutions and manufacturing services businesses, TEAL is expanding its presence to serve marquee Indian as well as global customers. A global research house has reportedly reiterated its 'buy' rating on the stock, assigning a target price of Rs 4,500 per share, implying an upside of 5.46% from its previous close of Rs 4267.05 recorded on the BSE. The brokerage reportedly noted that Titan delivered strong consolidated revenue and EBITDA growth of 42% and 41% year-on-year respectively, led by solid sales momentum and healthy margins in the jewellery segment. It reportedly added that while the watches division maintained strong momentum in analogue products, the wearables category continued to face pressure. The upbeat quarterly performance comes amid strong festive demand and rising gold prices, which has not significantly dampened consumer appetite for branded jewellery, helping Titan maintain growth momentum across its key consumer businesses, the report stated. Titan is India's leading lifestyle company. It ha established leading positions in the jewellery, watches and eyecare categories. It has also diversified into wearables, indian dress wear and fragrances & fashion accessories. The scrip shed 0.30% to currently trade at Rs 4254.10 on the BSE. Powered by Capital Market - Live

Titan Company Ltd gained 2.26% today to trade at Rs 4363.4. The BSE Consumer Durables index is up 1.06% to quote at 59825.39. The index is down 3.25 % over last one month. Among the other constituents of the index, Voltas Ltd increased 0.54% and Asian Paints Ltd added 0.19% on the day. The BSE Consumer Durables index went up 6.18 % over last one year compared to the 10.55% surge in benchmark SENSEX. Titan Company Ltd has added 3.12% over last one month compared to 3.25% fall in BSE Consumer Durables index and 0.55% rise in the SENSEX. On the BSE, 13319 shares were traded in the counter so far compared with average daily volumes of 32939 shares in the past one month. The stock hit a record high of Rs 4379.95 on 11 Feb 2026. The stock hit a 52-week low of Rs 2947.55 on 07 Apr 2025.Powered by Capital Market - Live