Titan Company Ltd delivered one of the strongest performances in its history in FY26, riding on a sharp rise in jewellery demand, premiumisation in watches and its expanding international footprint.
The Tata Group company reported a consolidated Profit After Tax (PAT) of ₹1,179 crore in the March quarter of FY26, registering a robust 35% growth over ₹871 crore reported in the corresponding quarter last fiscal.
Consolidated total income during Q4FY26 surged 46% to ₹20,300 crore from ₹13,891 crore a year ago.
For the full fiscal, Titan’s consolidated total income climbed 33% to ₹76,078 crore compared with Rs 57,338 crore in FY25, while PAT jumped 52% to ₹5,073 crore from₹3,337 crore.
Jewellery shines bright
The jewellery business remained the biggest growth engine for Titan during the quarter. The portfolio grew 50% to around Rs 18,195 crore excluding bullion and digi-gold sales, underlining strong consumer confidence despite elevated gold prices.
New collections and strong traction in exchange programmes helped both gold and studded jewellery segments clock healthy 35% growth. Consumers continued to view gold as both an adornment and a dependable store of value, keeping buyer sentiment strong even amid price volatility.
Titan’s international jewellery business also posted double-digit retail growth across GCC and North America markets despite geopolitical disruptions in the Middle East.
A major highlight during the quarter was the successful completion of Titan’s 67% acquisition of Damas Jewellery, one of the GCC region’s heritage jewellery brands. The acquisition significantly strengthens Titan’s global ambitions and adds scale to its international retail presence.
The jewellery division added 27 net stores in India during the quarter, including 8 Tanishq stores, 14 Mia outlets and 5 CaratLane stores. Tanishq also opened four new stores in the GCC region, while the Damas acquisition added 123 stores to Titan’s international network.
Watches stay on growth path
Titan’s watches business delivered steady growth led by analog watches and premium offerings. Analog watches posted healthy double-digit growth backed by higher volumes and better price realisation.
Premiumisation continued to remain a key theme, with Titan and international brands reporting encouraging growth. However, the smart watch category remained under pressure, witnessing nearly 50% decline in value during the quarter.
The watches division reported total income of ₹1,222 crore in Q4FY26, up 8% year-on-year, while EBIT stood at ₹143 crore with an EBIT margin of 11.7%.
The business added 30 net stores during the quarter, including outlets under Titan World, Fastrack, Helios and Helios Luxe formats.
Eyecare maintains momentum
Titan’s domestic Eyecare business sustained its double-digit growth trajectory during the quarter, driven by international brands and improved price realisation across product categories.
The business posted total income of ₹227 crore in Q4FY26, marking a 17% increase over the previous year, while EBIT came in at ₹21 crore with a margin of 9.2%.
Store optimisation initiatives continued with refurbishments, new openings and selective closures across the network.
Emerging bets gain traction
Among Titan’s emerging businesses, SKINN Fragrances and IRTH Women’s Bags maintained strong momentum during the quarter.
The fragrances business witnessed healthy volume growth across SKINN and Fastrack perfume lines, while IRTH continued to gain brand salience with robust growth. Taneira’s revenue, however, remained largely flat during the quarter.
FY26 a landmark year
Titan Company Managing Director Ajoy Chawla said FY26 had been a landmark year for the company. He noted that after crossing the ₹50,000 crore annual revenue milestone in FY25 following nearly four decades of operations, Titan added the next ₹25,000 crore revenue in just one year.
According to Chawla, the strong performance reflects the enduring strength of Titan’s brands, consumer trust and the company’s continued execution across businesses. He added that the “Festival of Diamonds” campaign across brands including Tanishq, Mia, Zaya, CaratLane, beYon and Damas resonated strongly with consumers across markets and demographics.