Titan Q4 net profit climbs 35.4 pc to Rs 1,179 cr; FY26 revenue hits Rs 75k cr

During the quarter, Titans jewellery business revenue increased 88.6 per cent to Rs 24,999 crore, recording another exceptional quarter growth over the last year. The analogue segment recorded healthy double-digit growth in consumer sales, supported by good volume uptick and improvements in price realisation, it said.

Leading jewellery and watchmaker Titan on Friday reported a 35.36 per cent increase in its consolidated net profit to Rs 1,179 crore for the March quarter of FY26. The company posted a net profit of Rs 871 crore in the January-March quarter a year ago, according to a regulatory filing by Titan. Its sales surged 48.28 per cent to Rs 20,607 crore in the March quarter of FY26, which, according to Titan, is ''one of the strongest quarterly performances in the company's history''. During the quarter, Titan's jewellery business revenue increased 88.6 per cent to Rs 24,999 crore, recording ''another exceptional quarter'' growth over the last year. ''Consumer confidence in gold as both an adornment and a store of value remained intact (despite record high prices and volatility in the quarter), translating into healthy buyer engagement,'' said Titan in its earnings statement. New collections and continued strength of Titan's exchange programs powered robust 35 per cent growth in each of gold and studded product portfolios. While Titan's international Jewellery business clocked double-digit growth across GCC and North America, despite multiple disruptions due to the ongoing geopolitical situation in the West Asia region. This was also helped by the addition of Damas Jewellery, a UAE-based jewellery retailer, in which Titan acquired a majority stake in July last year, it added. Income of the Jewellery Division's India business rose 46 per cent to Rs 17,114 crore, Titan said. Its three jewellery brands - Tanishq, Mia and Zaya - grew 48 per cent to Rs 16,047 crore. While sales from Caratlane, a brand selling contemporary, affordable, and everyday-wear jewellery, in which Titan acquired a 98 per cent stake in 2023, recorded 22 per cent growth to Rs 1,066 crore. Its international jewellery business grew nearly threefold to Rs 1,081 crore. In the March quarter, the Jewellery Division added 27 stores in India, comprising 8 Tanishq stores, 14 Mia stores and 5 Caratlane stores. Tanishq witnessed 4 new store openings in the GCC region during the quarter. Titan's revenue from watches and wearables rose 7.76 per cent to Rs 1,222 crore in Q4 FY26. The growth in the segment was led by analogue watches. ''The analogue segment recorded healthy double-digit growth in consumer sales, supported by good volume uptick and improvements in price realisation,'' it said. However, the volume of smart watches declined by 50 per cent in overall value, which was partially offset by an improvement in average price realisations. Titan's Watch business added 30 new stores in the March quarter, consisting of 17 stores in Titan World, 7 stores in Fastrack, 4 stores in its luxury retail format Helios and 2 stores in Helios Luxe. Its eyecare segment revenue increased 17.6 per cent to Rs 227 crore. This vertical ''recorded a healthy performance for the full year''. ''The growth for the quarter was led by international brands and improvement in price realisations across the product portfolio,'' it said. The eyecare is going through store optimisation, where it witnessed ''37 refurbishments/ renovations, 12 new store openings and 32 closures in this period''. Revenue from other segments, which includes its emerging business as fragrance, wallets, and Indian dress wear (Taneria), among others, jumped 49.8 per cent to Rs 577 crore in the March quarter. ''Fragrances maintained its strong volume momentum across both the Skinn and Fastrack perfume lines, IRTH Women's Bags witnessed robust volume growth and continued to gain in brand salience,'' it said. Sales from its ethnic wear chain, Taneira's, were ''flattish'' for the quarter. Titan is a joint venture between the Tata Group and the Tamil Nadu Industrial Development Corporation (TIDCO). In the March quarter, total expenses of Titan jumped 85.16 per cent to Rs 25,579 crore. Titan's total consolidated income, which includes other income, climbed 80.3 per cent to Rs 27,104 crore in Q4 FY26. For the entire FY26, Titan's profit surged 52 per cent to Rs 5,073 crore. It was Rs 3,337 crore a year ago. Its consolidated sales in FY26 advanced 34.4 per cent to Rs 76,797 crore. Commenting on the results, Managing Director Ajoy Chawla said, ''FY26 has been a landmark year for Titan. We had crossed the Rs 50,000 crore annual revenue milestone in FY25 after nearly 40 years. The next Rs 25,000 crore has been remarkably achieved in a single year of FY26''. Meanwhile, in a separate filing, Titan said its board has recommended a dividend of Rs 15 per Equity Share of Re 1. Titan's total consolidated income rose 44.62 per cent to Rs 88,136 crore for the financial year ended March 31, 2026. Shares of Titan Company rose 4.76 per cent to close at Rs 4513.40 apiece on BSE.