Revenue Rises 40% as Jewellery Business Shines; Watches, Eyecare and Engineering Segments Deliver Strong Growth
New Delhi: Titan Company Limited, one of India’s leading lifestyle and retail companies, has reported an outstanding financial performance for the first quarter of FY2027, registering a 63% year-on-year increase in consolidated net profit to ₹1,777 crore for the quarter ended June 30, 2026.
The strong quarterly performance was driven by robust consumer demand during the Akshaya Tritiya festival season, premium product sales, and healthy growth across the company’s Jewellery, Watches, Eyecare, and Engineering businesses.
Revenue Grows 40%
Titan’s total consolidated income (excluding bullion and digi-gold sales) increased by 40% to ₹20,753 crore, compared with ₹14,778 crore in the corresponding quarter of the previous financial year.
The company’s profitability also improved significantly during the quarter, reflecting better operational efficiency and strong demand across key business segments.
Strong Improvement in Profitability
Titan reported impressive growth across all major financial parameters.
Key Financial Highlights – Q1 FY2027
| Particulars | Q1 FY2027 | Q1 FY2026 | YoY Growth |
|---|---|---|---|
| Total Income (Excluding Bullion & Digi-Gold) | ₹20,753 Cr | ₹14,778 Cr | 40% |
| EBIT | ₹2,782 Cr | ₹1,751 Cr | 59% |
| EBIT Margin | 13.4% | 11.8% | +156 bps |
| Profit Before Tax (PBT) | ₹2,429 Cr | ₹1,480 Cr | 64% |
| PBT Margin | 11.7% | 10.0% | +169 bps |
| Profit After Tax (PAT) | ₹1,777 Cr | ₹1,091 Cr | 63% |
| PAT Margin | 8.6% | 7.4% | +118 bps |
| Basic EPS (Face Value ₹1) | ₹20.03 | ₹12.30 | 63% |
The expansion in margins highlights Titan’s ability to maintain profitability despite fluctuations in gold prices and global market uncertainties.
Jewellery Business Remains the Growth Engine
The Jewellery Division, which includes Tanishq, Mia, Zoya, and CaratLane, continued to be the company’s largest revenue contributor.
The segment recorded 43% year-on-year growth, with revenue reaching ₹18,253 crore.
Key Highlights
- India Jewellery Business: ₹16,943 crore, up 38%
- International Jewellery Business: ₹1,309 crore, up an impressive 136%
The domestic brands Tanishq, Mia, and Zoya collectively recorded 38% growth, while CaratLane achieved 40% growth, reflecting strong consumer demand across both premium and everyday jewellery categories.
The company also expanded its retail footprint by opening:
- 33 new stores across India
- 2 new Tanishq outlets in the Gulf Cooperation Council (GCC) region
The Jewellery division generated an EBIT of ₹2,360 crore with a healthy EBIT margin of 12.9%.
Watches Business Continues Premium Growth
Titan’s Watches & Wearables business delivered another strong quarter.
Revenue increased 21% to ₹1,543 crore, driven primarily by growing consumer preference for premium analogue watches and strong brand performance.
The division reported:
- Revenue: ₹1,543 crore
- EBIT: ₹295 crore
- EBIT Margin: 19.1%
Eyecare Business Expands Retail Presence
The company’s Eyecare Division also maintained healthy momentum.
Revenue increased 21% to ₹289 crore, supported by retail expansion and steady customer demand.
During the quarter, Titan opened:
- 6 new Titan Eye+ stores
- 1 new Runway store
Emerging Businesses Continue to Grow
Titan’s portfolio of Emerging Businesses, including Skinn Fragrances, IRTH, and Taneira, reported revenue of ₹128 crore, representing an 18% increase over the previous year.
These businesses continue to strengthen Titan’s presence in premium lifestyle and fashion segments.
TEAL Delivers Impressive Performance
Titan Engineering & Automation Limited (TEAL) recorded another strong quarter.
The engineering business reported:
- Revenue: ₹438 crore
- Growth: 43%
- EBIT: ₹143 crore
The performance reflects growing demand for industrial automation and engineering solutions.
Management Commentary
Commenting on the quarterly performance, Managing Director Ajoy Chawla said the results reflected strong consumer demand for premium products across Titan’s businesses.
He noted that despite challenges such as gold price volatility, changes in import duties, and global geopolitical uncertainties, the company maintained its focus on:
- Brand investments
- Operational excellence
- Disciplined execution
- Long-term value creation
According to the management, Titan remains well positioned to capitalize on India’s growing premium consumption trends.
Auditors Issue Clean Review Report
The company’s Statutory Auditors issued an unmodified (clean) limited review report on the financial results, indicating that the financial statements fairly present the company’s performance in accordance with applicable accounting standards.
Titan Company’s shares are listed on both major stock exchanges under:
- BSE Code: 500114
- NSE Symbol: TITAN
Strong Start to FY2027
Titan’s impressive first-quarter performance underscores the strength of its diversified business model and premium brand portfolio. With robust growth across Jewellery, Watches, Eyecare, Emerging Businesses, and Engineering, the company has made a strong start to FY2027 and remains well positioned for sustained growth despite evolving market conditions.
