loader2
Login Open ICICI 3-in-1 Account
Open ICICI 3-in-1 Account

Titan Company Results: Latest Quarterly Results & Analysis

Open Free Trading Account Online with ICICIDIRECT
+91
Titan Company Ltd. 07 Aug 2025 17:56 PM
Result PDF

Q1FY26 Quarterly Result Announced for Titan Company Ltd.

Gems & Jewellery company Titan Company announced Q1FY26 results

Q1FY26 Financial Highlights:

  • Total Income: Rs 14,966 crore compared to Rs 12,386 crore during Q1FY25, change 20.8%.
  • Profit before Tax: Rs 1,480 crore compared to Rs 973 crore during Q1FY25, change 52.1%.
  • Profit after Tax: Rs 1,091 crore compared to Rs 715 crore during Q1FY25, change 52.5%.
  • Profit after Tax Margin: 7.3% for Q1FY26.

Business Highlights:

  • Jewellery: Total Income for the quarter grew 19% over Q1FY25 to Rs 2,797 crore (exc. bullion and digi-gold sales). The lndia business of Tanishq, Mia and Zoya (together) grew 18% to Rs 11,217 crore and CaratLane clocked a strong 39% growth to Rs 1,026 crore in the same period.
  • Watches: Business had an exceptional quarter recording a growth of 24% over Q1FY25 achieving a Total Income of Rs 1,273 crore EBIT came in at Rs 287 crore clocking 22.6% margin for Q1FY26.
  • EyeCare: The Total Income of Rs 238 crore in Q1FY26 grew 13% over Q1FY25. Business recorded an EBIT of Rs 20 crore clocking a margin of 8.4% for the quarter.
  • Emerging Businesses: The Emerging Businesses comprising of Indian Dress Wear ('Taneira'), Fragrances, Fashion Accessories (Women's Bags) ('F&FA') recorded a Total Income of Rs 108 crore growing 35% over Q1FY25.
  • Titan Engineering & Automation Limited: The Business recorded a Total Income of Rs 307 crore in Q1FY26, a growth of 56% compared to Q1FY25. EBIT for the quarter was US crore at a margin of 24.4%.

CK Venkataraman, Managing Director, said: "Q1FY26 has been an encouraging start to the fiscal year with 21% consolidated revenue growth, demonstrating the strength of our diversified business model. Our Jewellery business continues to show remarkable resilience despite headwinds from elevated gold prices. Consumer confidence in gold as both adornment and store of value remains intact, supporting our market leadership position. Watches delivered one of its best-ever quarters, achieving exceptional performance in both revenue growth and margins. This validates our premiumization strategy and the strong consumer connect our brands have established. EyeCare has been clocking three quarters of double-digit growth, and we are confident of accelerating this momentum in the coming quarters as we expand our reach and enhance our product offerings. Our Emerging brands of SKINN, IRTH and Taneira have made substantial progress in optimizing their business mix and are well-positioned to capture greater market share. Our international operations continue to deliver strong growth, opening new avenues for expansion.

We remain optimistic about our growth trajectory and our ability to create long-term value across all business segments."

Result PDF

Result PDF

Gems & Jewellery company Titan Company announced Q4FY25 results

  • Total Income: Rs 14,049 crore compared to Rs 11,472 crore during Q4FY24, change 22.5%.
  • Profit before Tax: Rs 1,218 crore compared to Rs 991 crore during Q4FY24, change 22.8%.
  • Profit After Tax: Rs 871 crore compared to Rs 771 crore during Q4FY24, change 12.9%.

C K Venkataraman, Managing Director, said: “While FY25 was marked by multiple external events that had varying impacts on the businesses in general, Titan’s businesses clocked yet another year of strong 22% revenue growth resulting in the Company crossing the impressive milestone of R50,000 crores of revenues for the full year.

Our Analog Watch business continued its strong growth trajectory by product innovation led premiumization whilst moving in sync with the rising aspirations of the Indian consumer. The EyeCare business has returned to the double-digit growth trajectory in Q3 and Q4 of FY25 and is poised for even better growth in FY26. Within Emerging businesses, Fragrances has performed well for FY25 signifying growing acceptance of SKINN brand. Our International Business expansions are progressing well in North America and GCC regions.

As we look forward to FY26, all businesses of Titan Company are focusing on market share expansion in their respective categories and catering to the changing needs of our consumers."

Result PDF

Gems & Jewellery company Titan Company announced Q3FY25 results

  • Total Income: Rs 17,723 crore compared to Rs 14,122 crore during Q3FY24, change 25.5%.
  • EBIT: Rs 1,627 crore compared to Rs 1,547 crore during Q3FY24, change 5.2%.
  • EBIT margin: 9.2% for Q3FY25.
  • PBT: Rs 1,396 crore compared to Rs 1,378 crore during Q3FY24, change 1.3%.
  • PBT margin: 7.9% for Q3FY25.
  • PAT: Rs 1,047 crore compared to Rs 1,053 crore during Q3FY24, change -0.6%.
  • PAT margin: 5.9% for Q3FY25.

CK Venkataraman, Managing Director, said: "The festive quarter gone by firmly established the FY25 growth trajectory after a muted Q1 and healthy Q2. Jewellery saw its strongest quarter (yet) for the fiscal year, growing well in excess of 25% at a retail level. Consumer preference for gold, both as adornment jewellery and as a store of value continued to remain fairly strong. Our analog watches clocked a healthy retail growth of 20%, reinforcing Titan's customer value proposition in the eyes of the consumer. EyeCare's retail growth returning to double-digits was encouraging.

The custom duty related losses on the inventory (held at the time of the duty change) have been fully realized in this quarter and hence the profitability is lower to that extent. We are committed to investing in the growths of all our businesses and specifically the emerging ones to help them scale faster. We remain optimistic on our performance and hope to end the fiscal year with a good growth over FY24."

Result PDF

Gems & Jewellery company Titan Company announced Q2FY25 results

Standalone Financial Highlights:

  • Operating Revenue: Rs 12,331 crore compared to Rs 9,905 crore during Q2FY24, change 24.5%.
  • Total Income: Rs 12,458 crore compared to Rs 10,027 crore during Q2FY24, change 24.2%.
  • EBITDA: Rs 1,260 crore compared to Rs 1,477 crore during Q2FY24, change -14.7%.
  • EBITDA margin: 10.1% for Q2FY25.
  • PAT: Rs 705 crore compared to Rs 940 crore during Q2FY24, change -25%.

Consolidated Financial Highlights:

  • Operating Revenue: Rs 13,538 crore compared to Rs 10,713 crore during Q2FY24, change 26.4%.
  • Total Income: Rs 13,660 crore compared to Rs 10,837 crore during Q2FY24, change 26%.
  • EBITDA: Rs 1,358 crore compared to Rs 1,535 crore during Q2FY24, change -11.5%.
  • EBITDA margin: 9.9% for Q2FY25.
  • PAT: Rs 704 crore compared to Rs 916 crore during Q2FY24, change -23.1%.

C K Venkataraman, Managing Director, Titan Company, said: “After a muted Q1, Q2 witnessed encouraging growth across key businesses. Jewellery clocked healthy double-digit growth for the quarter. Our portfolio approach in this business of straddling diverse customer needs through the brands of Tanishq, Mia, Zoya and CaratLane is working well. The buyer growth metrics were fairly strong and in good double-digits across gold and studded product categories. The quarter also witnessed analog watches growing 25% over last year with commensurate uptick in volumes. Titan brand continues to be Indian consumers proud choice in this segment.

On account of the customs duty related losses, as well as the need to invest in growth of various businesses, the profitability of Q2 was quite depressed. However, we are quite confident about the competitiveness of each of our businesses and we remain optimistic about our performance for rest of the financial year”

Result PDF

Gems & Jewellery company Titan Company announced Q1FY25 results:

  • Jewellery: Total Income for the quarter grew 9% over Q1FY24 to Rs 9,879 crore. The India business grew 8% in the same period. EBIT at Rs 1,103 crore came at a margin of 11.2% for the quarter.
  • Watches & Wearables: Business recorded a Total Income of Rs 1,021 crore, up 15% over Q1FY24. The domestic business grew 14% in the same period. EBIT came in at Rs 115 crore clocking a margin of 11.3% for the quarter.
  • EyeCare: Total Income of Rs 209 crore in Q1FY25 grew 3% over Q1FY24. Business recorded an EBIT of Rs 20 crore clocking a margin of 9.6% for the quarter.
  • Emerging Businesses: The Emerging Businesses comprising of Indian Dress Wear ('Taneira'), Fragrances, Fashion Accessories (F&FA) recorded a Total Income of Rs 80 crore for Q1FY25 growing 5% over Q1FY24 (excluding the discontinued belts and wallets sub-segment, comparable growth was 13% over Q1FY24). The Businesses together recorded a loss of Rs 26 crore for the quarter.
  • The International Jewellery business recorded a growth of 92% to Rs 350 crore compared to Q1FY24. In the preceding 12 months, 8 new Tanishq stores have opened in various geographies. These include 4 stores in GCC region, 3 stores in North America and 1 st ore in Singapore.

CK Venkataraman, Managing Director of the Company stated that: "In the recently presented Union Budget, the custom duty on gold imports in the count ry has been reduced from 15% to 6%. This development has long term positive implications for the Jewellery industry. While this change is likely to entail a short-term impact in the form of value loss on duty paid gold inventory (expected to be expensed over the next two quarters), we remain optimistic on the longer-term benefits as it makes the market equitable for large businesses like ours.

Our first quarter performance reflects mixed consumer trends in lifestyle categories. While the inclement weather conditions during the summers, general elections and lower wedding days impacted retail walk-ins, the growth metrics in Watches & Wearables and EyeCare were quite healthy. Notwithstanding some of these nearterm variations, Titan is steadfastly pursuing market share gains across all business cat egories and is well equipped to provide a differentiated retail experience to our valued customers. We remain optimistic about our performance for rest of the financial year."

Result PDF

Gems & Jewellery company Titan Company announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Titan (Consolidated) recorded an income growth of 22% in Q4FY24 compared to Q4FY23. EBIT grew by 10% YoY to Rs 1,192 crore, whereas PBT was flat at Rs 991 crore that included financial costs of CaratLane acquisition and ESOP related costs.
  • Jewellery: Total Income for the quarter grew 19% over Q4FY23 to Rs 8,998 crore. The India business grew 20% in the same period. EBIT at Rs 1,089 crore recorded a margin of 12.1% for the quarter.
  • Watches & Wearables: Business recorded a Total Income of Rs 940 crore, up 8% over Q4FY23. The domestic business grew 9% in the same period. EBIT came in at Rs 80 crore clocking a margin of 8.5% for the quarter.
  • EyeCare: Total Income of Rs 1,166 crore in Q4FY24 was flat compared to Q4FY23. Business recorded an EBIT of Rs 8 crore clocking a margin of 4.8% for the quarter.
  • Emerging Businesses: The Emerging Businesses comprising of Indian Dress Wear ('Taneira'), Fragrances, Fashion Accessories (F&FA) recorded a Total Income of Rs 97 crore for Q4FY24 growing 26% over Q4FY23. The Businesses together recorded a loss of Rs 22 crore for Q4FY24.

FY24 Financial Highlights:

  • Total Income for FY24 at Rs 47,501 crore grew 23% over FY23. The corresponding PBT grew 4% to Rs 4,623 crore.
  • Jewellery: For the full year, Division recorded a Total Income growth of 20% to Rs 38,353 crore. The corresponding EBIT was Rs 4,726 crore at a margin of 12.3% for FY24.
  • Watches & Wearables: For the full year, Division recorded a Total Income growth of 18% to Rs 3,904 crore. The corresponding EBIT was Rs 397 crore at a margin of 10.2% for FY24.
  • EyeCare: For the full year, the EyeCare Division recorded a Total Income growth of 5% to Rs 724 crore. The corresponding EBIT at Rs 85 crore recorded a margin of 11.7% for the full year.
  • Emerging Businesses: For the full year, the Total Income grew 28% to Rs 378 crore. The corresponding EBIT loss was Rs 93 crore for FY24.

CK Venkataraman, Managing Director of the Company stated that: "FY24 was yet another satisfying year for Titan. Our Jewellery business continued to grow in prominence achieving a proud milestone of Rs 40,000 crore in consumer sales. Together our brands of Tanishq, Mia, Zaya and Caratlane are meaningfully innovating and offering the best variety of choices for the discerning woman of tomorrow. Our Wearables business is making good strides contributing to the ambitious growth targets that the business has embarked upon. The EyeCare business has re-calibrated itself in this year of consolidation and has launched exciting new product launches for the fashion-conscious youth . Taniera's expansions are gathering pace, and their stores are accessible across the length and breadth of the country. Through their 'Weavershalas' initiative, the brand is assiduously striving to protect traditional heirloom methodologies whilst embracing modernity practices.

As we look forward to FY25, all businesses of Titan Company Limited are single-mindedly continuing to focus on satisfying the ever-evolving needs of our lifestyle consumers ."

Result PDF

Gems & Jewellery company Titan announced Q3FY24 results:

  • Consolidated Q3FY24:

    • Total Income for Q3FY24 was Rs 14,122 crore, with a YoY growth of 24.1%.
    • Earnings before Interest & Tax (EBIT) amounted to Rs 1,547 crore, indicating a 16.8% YoY growth.
      • EBIT margin stood at 11.0%, reflecting a decrease of 68 bps from Q3FY23.
    • Profit before Tax (PBT) reached Rs 1,378 crore, marking a 10.7% YoY growth.
      • PBT margin was 9.8%, indicating a decrease of 118 bps from Q3FY23.
    • Profit after Tax (PAT) stood at Rs 1,053 crore, showing a 15.4% YoY growth.
      • PAT margin was 7.5%, reflecting a decrease of 56 bps from Q3FY23.

  • Standalone Q3FY24:

    • Total Income for Q3FY24 was Rs 13,071 crore, reflecting a YoY growth of 22.7%.
    • Earnings before Interest & Tax (EBIT) amounted to Rs 1,478 crore, showing an 11.3% YoY growth.
      • EBIT margin stood at 11.3%, indicating a decrease of 116 basis points (bps) from Q3FY23.
    • Profit before Tax (PBT) reached Rs 1,345 crore, marking a 6.2% YoY growth.
      • PBT margin was 10.3%, indicating a decrease of 161 bps from Q3FY23.
    • Profit after Tax (PAT) stood at Rs 1,040 crore, showing a 9.4% YoY growth.
      • PAT margin was 8.0%, reflecting a decrease of 97 bps from Q3FY23.

CK Venkataraman, Managing Director of the Company stated that: "The festive quarter saw encouraging consumer demand delivering a healthy double-digit growth of 24% over a strong base of Q3FY23. Our international store openings in Houston, Dallas and Singapore markets were enthusiastically received by the Indian diaspora and other nationals at those locations. Our domestic store expansions in all target markets too are progressing well. We will continue to pursue market share growth and are actively investing in capabilities across all our business segments."

Result PDF

Gems & Jewellery firm Titan Company announced Q1FY24 results:

  • Consolidated Q1FY23 vs Q1FY24:
    • Total Income: Rs 9,131 crore vs Rs 11,070 crore, up 21% YoY
    • EBIT: Rs 1,137 crore vs Rs 1,111 crore, down 2% YoY
    • PBT before exp items: Rs 1,072 crore vs Rs 1,002 crore, down 7% YoY
    • PAT: Rs 790 crore vs Rs 756 crore, down 4% YoY
  • Standalone Q1FY23 vs Q1FY24:
    • Total Income: Rs 8,649 crore vs Rs 10,306 crore, up 19% YoY 
    • EBIT: Rs 1,121 crore vs Rs 1,103 crore, down 2% YoY 
    • PBT before exp items: Rs 1,066 crore vs Rs 1,024 crore, down 4% YoY 
    • PAT: Rs 793 crore vs Rs 777 crore, down 2% YoY 

C K Venkataraman, Managing Director of the Company stated: “The year has started well for us with double-digit revenue growth across business segments. The Jewellery business remained the star performer with a 19% growth on a YoY basis. We are pursuing market share gain across categories and investing in various capabilities and retail network expansion. Our international foray is also shaping up well. We remain optimistic about our performance for the rest of the financial year."

 

 

Result PDF

Gems & Jewellery company Titan Company announced Q4FY23 & FY23 results:

  • Titan (Standalone) recorded revenue growth of 25% in Q4FY23 compared to Q4FY22.
  • The corresponding PBT before exceptional items came in at Rs 979 crore, higher by 37%, compared to Q4FY22.
  • The like-to-like PBT growth for this quarter was 28% (after adjusting for ex-gratia provision in Q4FY22)
  • Jewellery:
    • Total Income of Rs 7,576 crore, increased by 24% compared to Q4FY22
    • The Indian business grew by 21% in the same period
    • EBIT was Rs 997 crore with a 13.2% EBIT margin for Q4FY23.
  • Watches & Wearables:
    • The business recorded a Total Income of Rs 871 crore, up by 40% compared to Q4FY22 backed by strong growth in analog watches segment and a multi-fold increase in wearables.
    • EBIT was Rs 98 crore clocking an EBIT margin of 11.3% for Q4FY23.
  • EyeCare: 
    • Total Income of Rs 165 crore was up by 23% compared to Q4FY22
    • EBIT came in at Rs 2 crore after making a one-time payment of Rs 8 crore to its franchisee partners to recognize their extraordinary efforts.
  • Emerging Businesses:
    • Total Income of Rs 77 crore for the Emerging Businesses comprising Fragrances, Fashion Accessories (F&FA), and Indian Dress Wear (Taneira) grew by 84% compared to Q3FY22
    • Within this, F&FA clocked 31% growth whereas Taneira grew by 200% over the same period last year
    • The Emerging Businesses continued to invest in scaling up their respective verticals and recorded a loss of Rs 33 crore

Commenting on the results, CK Venkataraman, Managing Director of the Company stated that: "The year gone has witnessed several firsts in the history of Titan. The Jewellery, Watches & Wearables, and EyeCare achieved landmark milestones of Rs 30,000 crore, Rs 5,000 crore, and Rs 1,000 crore of annual consumer retail sales respectively for the first time in their retail journeys. During the year, Titan opened the first Tanishq store in USA and Titan Eye store in Dubai. The House of Titan proudly launched its latest brand 'IRTH', an exciting collection of Women's Bags.

After a satisfying performance across all the segments during FY23, we are well-prepared and looking forward to an exciting FY24."

 

 

Result PDF

Gems & Jewellery firm Titan Company announced Q3FY23 results:

  • Q3FY23:
    • Titan (Standalone) recorded a growth of 12% in Q3FY23 compared to Q3FY22.
    • The corresponding PBT stood at Rs 1,267 crore, lower by 4%, compared to Q3FY22.
  • Jewellery Q3FY23:
    • Total Income of Rs 9,518 crore registered an increase of 11% compared to Q3FY22.
    • EBIT stood at Rs 1,236 crore clocking a 13.0% EBIT margin.
    • A total of 22 stores (excluding Caratlane) were added during the quarter, taking the total Jewellery store count to 510 spread across 247 cities.
  • Watches & Wearables Q3FY23:
    • Total income of Rs 811 crore, up by 15% compared to Q3FY22.
    • The business reported an EBIT of Rs 89 crore clocking an EBIT margin of 11.0%.
    • A total of 48 stores were added during the quarter, taking the total Watches & Wearables store count to 953 spread across 293 cities.
  • EyeCare:
    • Total Income of Rs 174 crore was up by 12% compared to Q3FY22. The business reported an EBIT of Rs 32 crore clocking an EBIT margin of 18.4%.
  • Emerging Businesses:
    • Total Income of Rs 89 crore for the Emerging Businesses comprising of Fragrances and Fashion Accessories (F&FA) and Indian Dress Wear (Taneira) grew by 71% compared to Q3FY22.
    • Within this, F&FA clocked 37% growth whereas Taneira grew by 150% over the same period last year. The Emerging Businesses recorded a loss of Rs 17 crore.

Mr. CK Venkataraman, Managing Director of the Company stated: "The quarter witnessed a strong festive consumer demand and we delivered a healthy double-digit growth of 12% over a strong base of Q3FY22. We continue to pursue market share growth and are actively investing in capabilities across all of our Business segments. Our international endeavour is shaping well and we are quite satisfied with the consumer response we are getting in the chosen international markets."

 

 

Result PDF

Trending News

Saregama India's announced strategic partnership with, and investment in, Sanjay Leela Bhansali's Bhansali Productions

Saregama India's announced strategic partnership with, and investment in, Sanjay Leela Bhansali's Bhansali Productions

Published on 17-Dec-2025 09:01

The Competition Commission of India (CCI) has approved ITC’s acquisition of the paper and pulp manufacturing business of Aditya Birla Real Estate Ltd (ABREL).

The Competition Commission of India (CCI) has approved ITC’s acquisition of the paper and pulp manufacturing business of Aditya Birla Real Estate Ltd (ABREL)

Published on 17-Dec-2025 09:00

Zydus Lifesciences has received a USFDA acceptance for its ANDA of for copper histidinate (CUTX-101), intended to treat Menkes disease in pediatric patients.

Zydus Lifesciences has received a USFDA acceptance for its ANDA of for copper histidinate (CUTX-101), intended to treat Menkes disease in pediatric patients.

Published on 16-Dec-2025 09:05

KIMS has commenced operations at its newly established hospital located at the PES University campus in Electronic City, Bengaluru

Krishna Institute of Medical Sciences (KIMS) has commenced operations at its newly established hospital located at the PES University campus in Electronic City, Bengaluru

Published on 16-Dec-2025 09:03

Power Grid Corporation of India Ltd (POWERGRID) has been declared the successful bidder under Tariff-Based Competitive Bidding

Power Grid Corporation of India Ltd (POWERGRID) has been declared the successful bidder under Tariff-Based Competitive Bidding 

Published on 16-Dec-2025 09:01

Marico is in talks to acquire Cosmix, a startup that sells plant-based protein supplements

Marico is in talks to acquire Cosmix, a startup that sells plant-based protein supplements

Published on 16-Dec-2025 09:00

Disclaimer – I ICICI Securities Ltd. ( I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is acting as a distributor to solicit bond related products. All disputes with respect to the distribution activity, would not have access to Exchange investor redressal forum or Arbitration mechanism. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein mentioned are solely for informational and educational purpose.
Download App

Download Our App

Play Store App Store
market app
✕
Application status