BSEResult6d ago · 7 Aug 2026, 03:58 pm
Unaudited Standalone and Consolidated Financial Results for the quarter ended 30th June 2026
Titan Company Ltd · 500114
✦ AI Summary▲ PositiveResults
Titan Company Ltd reported a strong start to FY27 with 40% growth in consolidated total income to ₹20,753 crores, driven by healthy festive and Akshaya Tritiya demand and the enduring strength of Titan's exchange programs. Profit before Tax grew 64% to ₹2,429 crores at 11.7% margin, a 64% increase. The company's Jewellery portfolio grew 43% to ₹8,253 crores, powered by healthy demand across its product portfolio and an ongoing shift towards premium offerings.
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Titan Company Ltd - 500114 - Unaudited Standalone And Consolidated Financial Results For The Quarter Ended 30Th June 2026
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SEC 52 / 2026-27 7th August 2026
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers Exchange Plaza, C-1, Block G
Dalal Street Bandra Kurla Complex
Mumbai 400 001 Bandra (E), Mumbai 400 051
Maharashtra, India Maharashtra
Scrip Code: 500114 Symbol: TITAN
Dear Sir/ Madam,
Sub: Unaudited Standalone and Consolidated Financial Results for the quarter ended
30th June 2026
We enclose the Unaudited Standalone and Consolidated Financial Results for the quarter ended
30th June 2026, which have been approved and taken on record at a meeting of the Board of
Directors of the Company held today. A copy of the Press Release issued in this regard is also
attached.
Also enclosed herewith is the Limited Review Report of the Financial Results for the quarter ended
30th June 2026 issued by the Company’s statutory auditors M/s B S R & Co. LLP, Chartered
Accountants.
The Board meeting commenced at 2:00 p.m. and the results were approved at 3:45 p.m. and the meeting
continued thereafter for other matters.
The above information is also available on the website of the Company: www.titancompany.in
Kindly acknowledge receipt.
Thank you.
Yours truly,
For TITAN COMPANY LIMITED
Dinesh Shetty
General Counsel & Company Secretary
Titan Company Limited
`INTEGRITY` #193 Veerasandra Electronics City P.O. Off Hosur Main Road, Bangalore 560100 India. Tel: 9180 6704 7000 Fax: 9180 6704 6262
Registered Office 3, Sipcot Industrial Complex Hosur 635 126 TN India. Tel-91 4344 664 199 Fax 91 4344 276037, CIN: L74999TZ1984PLC001456
www.titancompany.in
TIT/\N
C DMPI\N'Y
TITAN REGISTERS A STRONG START TO FV27,
GROWS 40% FOR THE QUARTER
Festive and Akshaya Tritiya-Led Demand Anchors Broad-Based Growth; North America Market Powers
International Business Growth
Bengaluru, ]th August 2026
Titan Company Limited ('Titan'), announced its Q1FY27 results today. Key highlights:
• 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 U8,253 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 U,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 7 ACO 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
Financial Highlights:
Particulars Consolidated
(" crores) Q1FY26 Q1FY27 YoY%
Total Income 14,778 20,753 40%
Earnings before Interest & Tax 1,751 2,782 59%
% 11.8% 13.4% 156 bps
Profit before Tax 1,480 2,429 64%
% 10.0% 11.7% 169 bps
Profit after Tax 1,091 1,777 63%
% 7.4% 8.6% 118 bps
Note:
a. Total Income excludes Bullion sales & Digi-gold sales in all the periods
b. Numbers and growth percentages are rounded to the nearest integers \
C. Profit is before exceptional items, if any
d The above Profits reflect the reported consolidated financials and include custom duty gains of 'f407 crores. The adjusted Profits
are detailed in the Jewellery {India) Business performance section
Titan Company Limited
'INTEGRITY', #193, V4:!4:!rasandra, Electronics City P.O., OH ~osur Main R.oad, Bengaluru ;G0100, Karnataka, India. Tel: +91-80-6704-7000 Fax: +91-80-6704-6262
Registered Office: 3, SJPCOT Industrial Complex, Hosur 635126, Tamil Nadu, India. Tel: +91-4344-664-199 Fax: +91-4344 -276-037: CJN: L74999TZ1984PLC001456
www.titancompany.in
Business Performance:
Jewellery
Amidst a relatively stable gold price environment, all the portfolio brands grew well. A double-digit portfolio
buyer growth was accompanied by sizeable increase in average ticket sizes that powered strong mid-thirties
growths in the key product categories of plain and studded jewellery.
The International Jewellery business scaled sharply with Tanishq recording strong North America traction and
encouraging double-digit growth in the GCC. The Core Damas business witnessed a gradual recovery across key
parameters.
• The Jewellery Business grew 43% over Q1FY26 to '18,253 crores. Within this, compared to Q1FY26,
o The India Business Income rose 38% to '16,943 crores, comprising of
■ Tanishq, Mia and Zoya business (combined) growing 38% to '15,502 crores
■ Caratlane recording 40% growth to reach '{1,441 crores
o The International business grew 136% to '{1,309 crores
■ Tanishq, Mia and Caratlane business (combined) growing 65% to '{913 crores
■ Damas (core) business clocked Revenue of '{396 crores
• The Jewellery Business achieved an EBIT of '{2,360 crores at a margin of 12.9%. Within this, compared
to Q1FY26,
o The India Business clocked an EBIT of '{2,368 crores at 14.0% margin (adjusted for Custom Duty {'CD')
gains of '{407 crores, EB/Twas '{1,961 crores at 11.6% margin). Within this,
■ Tanishq, Mia and Zoya business (combined) recorded an EBIT of '{2,202 crores at 14.2% margin
(adjusted for CD gains of '{386 crores, EBIT was '{1,816 crares at 11.7% margin}
■ Caratlane recorded an EBIT of '166 crores at 11.5% margin {adjusted for CD gains af '{21 crores,
EB/Twas '{145 crares at 10.1% margin)
o The International jewellery business recorded a loss of '{8 crores
■ Tanishq, Mia and Caratlane business (combined) recorded an EBIT of '{59 crores at 6.5% margin
■ Damas business recorded a loss of '{67 crores
Note:
1. All figures above exclude Bullion and Digi-Gald sales in all the periods
2. Damas financials included post acquisition from Q4FY26
During the quarter, the Division added 33 stores (net) in India, comprising of 4 Tanishq stores, 17 Mia stores, 1
beYon store and 11 Caratlane stores. The Tanishq business saw 2 new store openings in the GCC region during
the quarter. Damas closed 1 (net) store in the quarter.
Watches ~
The Watches business delivered a healthy quarter, with analog watches recording mid-twenties growth and
leading overall growth for the Division. The Smart Watches business declined in single digits during the period.
Business achieved Total Income of '{1,543 crores for the quarter growing 21% over Q1FY26 and achieving an
EBIT of '{295 crores at 19.1% margin. 34 new stores (net) were added in the quarter consisting of 9 stores each
in Titan World and Fastrack, 14 stores in Helios and 2 stores in Helios Luxe.
EyeCareW
Business accelerated its growth momentum through calibrated marketing investments that drove multi-pair
and multi-category consumer propositions, alongside continued premiumization across the product portfolio.
Business achieved Total Income of '{289 crores in Q1FY27 growing 21% over Q1FY26 and recorded an EBIT of
'{24 crores at 8.3% margin. Division opened 6 new stores in Titan Eye+ and 1 new Runw
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