Titan Crosses ₹75,000 Crores in FY 2025-26

Sustained Jewellery Momentum and Resilient Analog Watch Performance Fuel Landmark Year for Titan

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Titan Crosses ₹75,000 Crores in FY 2025-26

Key highlights from Q4FY26:

Financial Performance: Consolidated total income was ₹20,300 crores, up 46%, marking one of the strongest quarterly performances in the Company's history
Profitability: Profit after tax was ₹1,179 crores, registering a healthy 35% growth over last year
Jewellery: Jewellery portfolio grew 50% to ₹18,195 crores (excl. Bullion and Digi-gold sales), reflecting sustained consumer confidence despite an elevated gold price environment
Watches: Analog watches grew 15% during the quarter on the back of continuing premiumization trend
During the quarter, Titan successfully completed its 67% acquisition of Damas Jewellery, one of GCC region's heritage and trusted jewellery brands marking a new chapter in Titan's global growth ambitions
Tanishq unveiled the 'Desert Diamonds collection' with Rahul Mishra at Paris Couture Week 2026
Titan was recognized among India's sustainability leaders ranking 3rd in the Consumer Services, Retail & Entertainment category and 40th overall in Business World's 'India's Most Sustainable Companies' rankings, reinforcing its leadership in responsible and future-ready growth

Commenting on the results, Ajoy Chawla, Managing Director, Titan Company Limited

Financial Highlights:

Note:

Total Income excludes Bullion sales & Digi-gold sales in all the periods
Numbers and growth percentages are rounded to the nearest integers
Profit is before exceptional items

Business Performance:

Jewellery

The Jewellery business, building on its strong Q3 momentum, recorded another exceptional quarter of 50% growth over last year. New collections and continued strength of Titan's exchange programs powered robust 35% growths in each gold and studded product portfolios. Consumer confidence in gold as both an adornment and a store of value remained intact (despite record high prices and volatility in the quarter), translating into healthy buyer engagement.

The International Jewellery business (with the addition of Damas Jewellery), clocked double-digit retail growths across GCC and North America, despite multiple disruptions due to the ongoing geopolitical situation in the Middle East region.

For the quarter,

The Jewellery Business grew 50% over Q4FY25 to ₹8,195 crores. Within this,
The India Business Income rose 46% to ₹17,114 crores, comprising of

Tanishq, Mia and Zaya business (combined) growing 48% to ₹16,047 crores
Caratlane recording 22% growth to reach ₹1,066 crores

The International jewellery business grew 174% to ₹1,081 crores*
The Business achieved an EBIT of ₹1,820 crores at a margin of 10.0%. Within this,
The India Business clocked an EBIT of ₹1,902 crores at 11.1% margin, comprising of

Tanishq, Mia and Zaya business (combined) recording EBIT of ₹1,813 crores at 11.3% margin
Caratlane (domestic) recording an EBIT of ₹89 crores at 8.4% margin

The International jewel lery business (including Damas) recorded a loss of ₹82 crores* for the quarter

Note: All figures above exclude Bullion and Digi-Gold sales in all the periods; * - Damas financials considered as part of consolidation from Q4FY26

During the quarter, the Division added 27 stores (net) in India, comprising of 8 Tanishq stores, 14 Mia stores and 5 Caratlane stores. The Tanishq business saw 4 new store openings in GCC region during the quarter. With the Damas acquisition, 123 stores were added to the international network.

Watches:

The Watches business delivered a steady quarter, with analog watches continuing to lead the overall growth for the Division. The analog segment recorded healthy double-digit growth in consumer sales supported by good volume uptick and improvements in price realisation. The premiumization journey continued with Titan and International brands exhibiting encouraging double-digit growths for the quarter. Smart Watches volume decline was partially offset by improvement in average price realizations. This segment witnessed nearly 50% decline in overall value.

Business achieved Total Income of ₹1,222 crores for the quarter growing 8% over Q4FY25 and achieving an EBIT of ₹143 crores at 11.7% margin.

Business added 30 new stores (net) in the quarter consisting of 17 stores in Titan World, 7 stores in Fastrack, 4 stores in Helios and 2 stores in Helios Luxe.

Eyecare:

Business (domestic) sustained its double-digit growth momentum in the quarter recording a healthy performance for the full year. The growth for the quarter was led by International Brands and improvement in price realizations across the product portfolio.

Business achieved Total Income of ₹227 crores in Q4FY26 growing 17% over Q4FY25 and recording an EBIT of ₹21 crores at 9.2% margin. Store optimization efforts continued in the quarter with 37 refurbishments/renovations, 12 new store openings and 32 closures in this period.

Emerging Businesses:

The Emerging Businesses comprising of SKINN Fragrances, IRTH Women's Bags and Indian Dress Wear (Taneira) saw varying growth trajectories across individual businesses. Fragrances maintained its strong volume momentum across both the Skinn and Fastrack perfume lines, IRTH Women's Bags witnessed robust volume growth and continued to gain in brand salience whereas Taneira's revenue was flattish for the quarter.

Total Income for all the businesses (combined) for Q4FY26 grew 20% to ₹123 crores and recording a loss of ₹50 crores for this period.

Titan Engineering & Automation Limited ('TEAL'):

TEAL delivered yet another strong quarter with the business growing 60% compared to Q4FY25 recording a Total Income of ₹454 crores for Q4FY26. 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. EBIT for the quarter was ₹81 crores at a margin of 17 .9%.