Titan Q4 Profit Rises 35% To ₹1,179 Crore; Shares Jump Over 6% After Results

Titan Company Ltd on May 8 reported a 35% year-on-year increase in consolidated net profit for the March quarter of FY26 at around ₹1,179 crore compared with the corresponding period last year.

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The Tata Group company reported a 46% rise in consolidated total income to around ₹20,300 crore during the quarter. Following the earnings announcement, Titan shares gained more than 6% during afternoon trade on the NSE.

The company’s board also recommended a dividend of ₹15 per equity share of face value Re 1 for FY26. The dividend remains subject to shareholder approval at the upcoming annual general meeting.

Jewellery Business Drives Growth

Titan said strong growth in the jewellery segment supported overall quarterly performance. The jewellery business reported around 50% year-on-year growth to nearly ₹18,195 crore during the quarter, excluding bullion and digi-gold sales.

Revenue from the India jewellery business increased 46% YoY to ₹17,114 crore. International jewellery business revenue rose 174% YoY to ₹1,081 crore.

The company added 27 jewellery stores in India during the quarter, including 8 Tanishq stores, 14 Mia stores, and 5 CaratLane stores. Titan also opened four new Tanishq stores in the Gulf Cooperation Council (GCC) region.

During the March quarter, Titan completed the acquisition of a 67% stake in Damas Jewellery, expanding its international presence in the GCC market. The acquisition added 123 stores to Titan’s network.

Watches And Eyecare Segments

Titan said the watches business recorded 15% growth in analog watches during the quarter, supported by premium product demand.

The company stated that the smartwatch category witnessed a nearly 50% decline in overall value during the quarter. However, improved average selling prices partly offset the impact.

The eyecare business reported 17% YoY growth in income to ₹227 crore during Q4FY26. Titan’s emerging businesses, including SKINN fragrances, IRTH women’s bags, and Taneira, also recorded mixed performance during the quarter.

FY26 Performance

For the full financial year FY26, Titan reported a 33% increase in consolidated total income to ₹76,078 crore. Profit after tax for the year rose 52% to ₹5,073 crore.

The company said the latest financial year marked a significant milestone after crossing the ₹50,000 crore annual revenue mark in FY25 and adding another ₹25,000 crore in revenue within a year.

Titan management said the company remains focused on expanding its retail network and strengthening its domestic and international jewellery operations during FY27.