Titan Company reports strong performance in its first quarter ended 30 June 2026, with net profit rising 63% year-on-year to ₹1,777 crore, according to company results cited by outlets. NDTV says the quarter’s profit and EBITDA also beat market estimates, while revenue increased year-on-year, led by growth in the jewellery business. Free Press Journal reports consolidated total income of ₹20,753 crore for the quarter, up 40% year-on-year (excluding bullion and Digi-gold sales), and says the jewellery segment’s income, excluding bullion and Digi-gold sales, rose 43% to ₹18,253 crore. The watch business income increased 21% and the eye-care business rose 21% in the quarter, the outlet adds. Free Press Journal also states consolidated profit before tax increased 64% to ₹2,429 crore, with an adjustment described as reflecting a custom duty increase on gold. The company comments that consumer businesses grow about 40% year-on-year, and it expanded its retail presence by adding 33 net stores in India during the quarter. Overall, both reports attribute the performance to strength across consumer-led segments, particularly jewellery.
Titan reports 63% jump in Q1 profit as revenue rises, led by jewellery
Titan Company reports strong performance in its first quarter ended 30 June 2026, with net profit rising 63% year-on-year to ₹1,777 crore, according to company results cited by outlets. NDTV says the...
- Titan’s consolidated net profit rises 63% year-on-year to ₹1,777 crore for the quarter ended 30 June 2026.
- Revenue/total income increases year-on-year; reported figures range from about ₹20,753 crore (Free Press Journal) to over ₹21,300 crore (NDTV).
- Jewellery business is the main growth driver, with strong double-digit growth reported for its income excluding bullion and Digi-gold sales.
- Profit metrics beat estimates, with NDTV reporting profit and EBITDA above expectations.
- Titan expands retail footprint during the quarter, including adding net stores in India.
Mumbai: Titan Company Ltd on Thursday, 7 August 2026, reported a 63 per cent rise in its consolidated net profit, reaching ₹1,777 crore for the quarter ended 30 June 2026. In the corresponding quarter of the previous fiscal year, the company had posted a net profit of ₹1,091 crore.Revenue PerformanceThe company's consolidated total income grew by 40 per cent to ₹20,753 crore for the June quarter of FY27, compared to ₹14,778 crore in the same period of FY26. This excludes bullion and Digi-gold sales.Segmental GrowthThe jewellery division's income, excluding bullion and Digi-gold sales, increased by 43 per cent to ₹18,253 crore over Q1 FY26. The watches portfolio recorded a 21 per cent rise in total income to ₹1,543 crore, while the eye-care business saw its total income grow by 21 per cent to ₹289 crore.Profit Before TaxConsolidated profit before tax stood at ₹2,429 crore, marking a 64 per cent increase from ₹1,480 crore in the year-ago quarter. The company noted that adjusting for a custom duty increase in gold, the profit before tax grew by 37 per cent.India Post Honours ‘Made in India: A Titan Story’ Management CommentaryAjoy Chawla, Managing Director of Titan Company, said the first quarter was a "strong opening" with consumer businesses registering 40 per cent year-on-year growth. He added that the company's brands across various segments continue to deliver value to customers seeking premium offerings.Store Network ExpansionDuring the quarter, Titan expanded its retail presence by adding 33 net stores in India, including Tanishq, Mia, beYon, and Caratlane outlets. The Tanishq business also opened two new stores in the GCC region, while the Damas business closed one net store.Other BusinessesThe Emerging Businesses, which include SKINN Fragrances, IRTH Women's Bags, and Taneira Indian Dress Wear, reported an 18 per cent increase in total income to ₹128 crore for Q1 FY27, though they recorded a loss of ₹39 crore. Titan Engineering & Automation Limited (TEAL) saw its total income rise by 43 per cent to ₹438 crore for the quarter.Disclaimer: This report is based on the company's filed financial results (standalone or consolidated, as applicable) and is intended solely for informational purposes. It does not constitute investment advice or a recommendation to buy, sell or hold any security.
2 hours agoTitan's Q1 profit and EBITDA beat estimates, while revenue rose 29% year-on-year, led by strong growth in its jewellery business.
2 hours agoTitan's Q1 profit and EBITDA beat estimates, while revenue rose 29% year-on-year, led by strong growth in its jewellery business.
2 hours ago
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