Mumbai: Titan Company Limited has delivered a record-breaking 35% rise in net profit for Q4 FY26 at ₹1,179 crore. This comes at a time when the lifestyle and jewellery brand saw record income for the quarter ended March 26 at ₹27,105 crore, a 80% year on year rise from ₹15,032 crore reported during the same period last year.
The correction in gold prices during the quarter has helped it drive double digit volume growth, especially during the crucial wedding season. The company also continues to scale up its international footprint, with its flagship Tanishq brand opening stores in the UAE and the USA to tap into high-spending NRI customers.
Along with that, Titan also completed the acquisition of a 67% stake in Damas Jewellery, a major jewellery brand in the GCC region, boosting its reach by another 123 stores.
Its other brands, including Zoya, Mia for jewellery and Fastrack for watches saw strong growth, with its eyecare brand also witnessing 12% growth reaching ₹212 crore, supported by network expansion.
Along with the results, the Board of Directors has recommended a dividend of ₹15 per equity share for the financial year 2025-26.
“FY26 has been a landmark year for Titan. We had crossed the ~50,000 crores annual revenue milestone in FY25 after nearly 40 years The next Rs. 25,000 crores has been remarkably achieved in a single year of FY26. This is a reflection of the enduring strength of our brands, the trust of our consumers, and the unflinching commitment of every member of the Titan family.
The quarter performance was led by ‘Festival of Diamonds’ with our brands of Tanishq, Mia, Zaya, CaratLane, beYon and Damas striking the right chord with consumers across geographies and age groups. Our Watches business, through its innovative collections and continues to write a compelling story of premiumization and design excellence. Our Emerging Businesses are growing well whilst strengthening their customer value proposition to build the foundations for sustainable growth.
As we step into FY27 with optimism on the back of an exceptional FY26 performance, we are conscious of the macro volatility and fragile geopolitical situations that necessitate all-around agility to respond effectively to grow our businesses. We remain committed to elevating Titan’s competitive advantage, deepening customer engagement, and creating long-term value for all our stakeholders” Mr. Ajoy Chawla, Managing Director of Titan, said in a press release.
Shares were trading at ₹4,517 per share at 6.00 pm on May 8, a 4.8% rise.
