TITAN REGISTERS A STRONG START TO FY27

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TITAN REGISTERS A STRONG START TO FY27, GROWS 40% FOR THE QUARTER

Key highlights from Q1FY27:

Financial Performance: Consolidated Total Income was ₹20,753 crores, up 40%, marking a strong start to the fiscal year and sustaining the growth momentum carried over from an exceptional FY26
Profitability: Profit before Tax was ₹2,429 crores at 11.7% margin, a 64% increase. Adjusting for the impact of custom duty increase in gold for the quarter, the Profit Before Tax grew 37% compared to Q1FY26
Jewellery: Jewellery portfolio grew 43% to ₹18,253 crores (excl. Bullion and Digi-gold sales), powered by healthy festive and Akshaya Tritiya demand and the enduring strength of Titan's exchange programs, underscoring resilient consumer confidence amid a stable gold price environment
Watches: Led by continuing premiumization trends and enduring consumer preference for analog timepieces, the Watches portfolio grew 21% to ₹1,543 crores
EyeCare: EyeCare clocked a robust 21% growth to ₹289 crores, marking a strong start to the year, driven by healthy demand across its product portfolio and an ongoing shift towards premium offerings
During the quarter, Titan showcased its high-end & fine watchmaking credentials at an exclusive Geneva showcase of ‘Watches & Wonders’, the world’s most prestigious watch show. New launches included the Nebula Genesis 'Starburst', a diamond-set timepiece inspired by the birth of a star, and Zero Hour, Titan's first professional diver's collection on the in-house 7ACO calibre. Two timepieces, the Edge Ultraslim Mechanical and the Titan Wandering Meteor were Division’s official GPHG entries heralding a significant step in taking Indian horology and craftsmanship to the world
Tanishq strengthened its portfolio through the launch of 'Hues', a design-led collection of 100% natural coloured gemstones — including emeralds, amethysts and tanzanites — set in 18kt gold and crafted for expressive, everyday wear

Commenting on the quarterly performance, Mr. Ajoy Chawla, Managing Director of the Company stated that:

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, if any
The above Profits reflect the reported consolidated financials and include custom duty gains of ₹407 crores. The adjusted Profits are detailed in the Jewellery (India) Business performance section