Titan Company Ltd reported a 63% year-on-year rise in consolidated profit after tax (PAT) to ₹1,777 crore for the first quarter of FY27, driven by robust growth in its jewellery business and healthy performances across watches, eyewear and engineering businesses.
The Tata Group company posted a consolidated total income of ₹20,753 crore during the June quarter, up 40% from ₹14,778 crore in the corresponding quarter of the previous financial year.
Amid a relatively stable gold price environment, Titan said all its portfolio brands delivered healthy growth. Double-digit buyer growth, coupled with a significant increase in average ticket sizes, powered strong mid-thirties growth in both plain and studded jewellery categories.
Jewellery business powers growth
Titan’s flagship Jewellery Business recorded a 43% increase in revenue to ₹18,253 crore during the quarter.
Within this, the India jewellery business grew 38% to ₹16,943 crore, while the combined Tanishq, Mia and Zoya brands reported revenue of ₹15,502 crore, also up 38% year-on-year.
CaratLane continued its strong momentum with revenue rising 40% to ₹1,441 crore.
The international jewellery business witnessed exceptional growth of 136% to ₹1,309 crore, led by strong traction for Tanishq in North America and double-digit growth in the GCC markets. The combined international business of Tanishq, Mia and CaratLane grew 65% to ₹913 crore, while the core Damas business generated revenue of ₹396 crore and showed gradual recovery.
During the quarter, the jewellery division added 33 net stores in India, including 4 Tanishq, 17 Mia, one beYon and 11 CaratLane stores, while Tanishq also opened two new stores in the GCC.
Watches, eyewear maintain momentum
Titan’s Watches business posted 21% growth in revenue to ₹1,543 crore, supported by mid-twenties growth in analog watches. The segment reported an EBIT of ₹295 crore, translating into a healthy 19.1% margin.
The company added 34 net watch stores during the quarter, comprising 9 Titan World, 9 Fastrack, 14 Helios and 2 Helios Luxe outlets.
The EyeCare business recorded 21% growth in revenue to ₹289 crore, while EBIT stood at ₹24 crore, with an 8.3% operating margin. The division expanded its retail footprint by opening six Titan Eye+ stores and one Runway outlet.
Emerging businesses and TEAL
Titan’s Emerging Businesses, which include SKINN Fragrances, IRTH Women’s Bags and Taneira, reported combined revenue of ₹328 crore, up 18% year-on-year. However, the segment posted a loss of ₹39 crore, with fragrances and IRTH delivering strong volume growth while Taneira’s revenue remained largely flat.
Meanwhile, Titan Engineering & Automation Ltd (TEAL) continued its strong performance, reporting 43% growth in revenue to ₹438 crore. The engineering business posted an EBIT of ₹143 crore, driven by sustained momentum in both Automation Solutions and Manufacturing Services.
Strong start to FY27
Titan Company Ltd Managing Director Ajoy Chawla said the company made a strong start to FY27, with consumer businesses registering 40% year-on-year growth.
“Through innovation and design-led differentiation, our portfolio of brands across Jewellery, Watches, EyeCare and Emerging Businesses continue to deliver exceptional value to customers seeking premium offerings. Our TEAL business is growing from strength to strength, raising the bar of excellence in the high-precision engineering sectors and delivering best-in-class value for our customers,” he said.
Chawla added that despite challenges arising from changes in gold prices, revisions in duty structure and geopolitical headwinds affecting international operations, the company remained focused on brand investments, customer engagement and disciplined execution.