Titan Reports Strong FY26 Performance Driven by Wedding Demand and Rising Gold Prices

Titan Co. Ltd Reports Strong March Quarter, Surpasses ₹76,000 Crore in Revenue

Titan Co. Ltd, a leading manufacturer of jewellery, watches, and eyewear, has reported a robust March quarter, with its shares rising 7% to a fresh 52-week high. The Bengaluru-based company's revenue surged nearly 33% to over ₹76,000 crore in 2025-26, exceeding the ₹50,000 crore annual revenue milestone in FY25 after nearly 40 years.

The company's consolidated revenue for FY26 rose 32.7% year-on-year to ₹76,078 crore, while net profit surged 52% to ₹5,073 crore. During the March quarter, the company's consolidated revenue from operations rose 46% on-year to ₹20,300 crore, while net profit climbed 35.4% to ₹1,179 crore.

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Management in the post-analyst call on Friday said that rising gold prices continued to drive strong consumer interest in jewellery, even as the company stepped up efforts to keep jewellery accessible through exchange programmes, lightweight collections, and lower-carat offerings.

Titan's jewellery division remained the company's biggest growth driver during the quarter, with revenue rising 50% on-year to ₹18,195 crore and segment profit surging 36.53% to ₹1,820 crore. Of this, sales of Tanishq, Mia, and Zoya grew 48% to ₹16,047 crore, while CaratLane's sales increased 22.4% to ₹1,066 crore.

The company's international business, with a revenue of ₹1,081 crore, turned profitable at the operating level for the full year, although the segment reported a loss of ₹82 crore during the March quarter due to geopolitical disruptions and weak consumer sentiment in the Gulf Cooperation Council (GCC) region.

Titan added 27 new jewellery stores in the country, including 8 Tanishq, 14 Mia, and 5 CaratLane outlets, and 123 stores were added following the acquisition of Damas. The watches and wearables division delivered a steady performance, with March quarter revenue rising 8% on-year to ₹1,222 crore and segment profit increasing 7.5% to ₹143 crore.

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The eyecare business recorded revenue of ₹227 crore and net profit of ₹21 crore, a 10.5% jump. Emerging businesses, which include bags, fragrances, and apparel, grew 20% on-year to ₹123 crore in revenue during the fourth quarter but recorded a loss of ₹50 crore.

Titan's managing director, Ajoy Chawla, said that the company's ongoing gold exchange programme, which gained momentum from the festive quarter onward, helped bring back buyers and improve customer acquisition. He added that the company is also pushing 14-karat and 18-karat jewellery, lightweight products, and gram-based jewellery purchase plans to offset the impact of higher gold prices on affordability.