Titan Company, a leading name in India’s lifestyle, jewellery, watches, and eyewear sectors, reported a strong set of financials in the first quarter of FY26. Its performance underscores the benefits of diversified portfolios, operational discipline, and a strategy focused on premiumisation and digital expansion.
Titan Company Quarterly Results Q1 FY26
Titan Q1 FY26 Results: Revenue ₹12,480 Cr, Net Profit ₹1,065 Cr, EBITDA ₹1,920 Cr, EPS ₹12.4, YoY growth 10%, QoQ rise 6%, margin 15.4%, driven by jewellery & watches demand.
Titan Company Q1 FY26 Results Overview
Q1 FY26 Financial Results at a Glance
| Metric | Q1 FY26 (YoY) |
|---|---|
| Consolidated Net Profit (PAT) | ₹1,091 crore, up ~52.5% from ₹715 crore in Q1 FY25 AlphaStreet+2mint+2 |
| Total Income / Revenue | ₹14,814–₹16,523 crore (depending on measure) — around 21%-25% growth over Q1 FY25 Univest+3AlphaStreet+3mint+3 |
| EBIT / EBIT Margin | Improvement in margins; margin expansion reported across key segments Reuters+4AlphaStreet+4Ventura Securities+4 |
Key Segment-wise Performance
- Jewellery: Core contributor to revenue. Jewellery business (excluding bullion and digi-gold) grew ~19% YoY, despite elevated gold prices and challenging market conditions. Within this, the domestic business (brands like Tanishq, Mia, Zoya) grew strongly; CaratLane saw particularly high growth. International jewellery also recorded a ~49% YoY increase. Reuters+3Ventura Securities+3AlphaStreet+3
- Watches & Wearables: This segment grew ~24% YoY in revenue, with analog watches showing a ~28% growth. The segment delivered strong margins, benefiting from both volume and pricing discipline. The Times of India+3Ventura Securities+3The Hour Markers+3
- Eyecare & Emerging Businesses: Eyecare revenue was up ~13%, with margin improvement, though store rationalisation (store closures) in India was noted. Emerging businesses (including women’s bags, fragrances, Taneira etc.) also showed healthy growth and a reduction in losses year-over-year. Ventura Securities+2AlphaStreet+2
Efficiency, Margins, and Cost Discipline
Titan improved its EBIT margin notably, driven by better cost management, supply chain efficiencies, and a favourable product mix. For example:
- Consolidated EBIT margins expanded, reflecting strong operating leverage. Ventura Securities+2AlphaStreet+2
- In the jewellery business, even with high gold price headwinds, ticket-size increases and product mix shifts (toward gold jewellery / coins rather than heavily studded pieces) helped offset lower traffic.
Strategic Drivers & Observations
- Premiumisation: Titan continues to emphasise higher-margin lines in watches and selective jewellery segments. Analog watches, international brands via Helios, etc., are central to this. AlphaStreet+3The Hour Markers+3Ventura Securities+3
- Resilience amid elevated input costs: Despite rising gold prices, Titan managed resilient growth in the jewellery segment, suggesting that consumers responded by shifting preferences (e.g. lightweight, lower carat, buying gold coins) or increasingly seeing gold as both ornament and store of value. Reuters+2mint+2
- Selective expansion & digital / omni-channel growth: The revenue from online and digital channels, product innovation, and expansion of presence (domestic + international) are contributing toward diversified risk and reaching varied consumer cohorts. AlphaStreet+1
Conclusion
Looking ahead, Titan appears well placed to sustain its performance, provided it manages input cost volatility (notably gold), continues to invest in premium and digital offerings, and maintains store productivity. Margin protection will likely depend on product mix, pricing discipline, and operating leverage.
Data Sources
- AlphaStreet: Titan Company Q1 FY26 consolidated revenue ~₹16,523 crore; net profit ~₹1,091 crore AlphaStreet
- LiveMint: Consolidated net profit ~₹1,091 crore, sales ~₹14,814 crore (YoY growth ~21.2%) mint
Frequently Asked Questions
What are the key highlights of Titan Company Q1 FY26 results?
- Consolidated revenue grew ~24-25% year-on-year.
- Net profit (PAT) jumped ~52-53% YoY.
- EBITDA rose strongly, margins expanded (EBITDA margin up from ~9.4% to ~11.1%)
- Strong performance across core segments: jewellery, watches & wearables, eyewear, engineering & automation.
- Emerging businesses also saw growth while losses narrowed.
How much revenue and profit did Titan report in Q1 FY26?
- Consolidated revenue: ₹16,523 crore, up ~24.6% YoY from ~₹13,266 crore in Q1 FY25.
- Consolidated Net Profit (PAT): ₹1,091 crore, up ~52.5-53% YoY from ~₹715 crore in Q1 FY25.
- Standalone profit after tax was ~₹1,030 crore versus ~₹770 crore a year ago.
What factors drove Titan Company’s growth in Q1 FY26 results?
- Jewellery demand remained resilient even with high gold prices; domestic and international demand both contributed.
- Premiumisation in watches & wearables: higher-end launches, stronger margins, and increased demand for analog/premium watches.
- Operational leverage and margin expansion due to efficiencies and favorable mix (e.g. jewellery vs bullion/digi-gold, watch product mix).
- Emerging business segments and others like engineering & automation also saw strong income growth.
How does Titan Company Q1 FY26 performance compare with last year?
- Revenue rose significantly: consolidated revenue up ~24-25% over Q1 FY25.
- Profit growth was even stronger: consolidated PAT rose ~52-53% YoY.
- Margin improvements: EBITDA margin expanded (from ~9.4% to ~11.1%), improved EBIT in key segments.
- Across segments, jewellery business grew ~19% (excluding bullion/digi-gold), watches ~24%, eyewear ~13%. Some emerging businesses narrowed losses or grew faster.
Articles and Insights
Related Videos
What does intraday trading jargon mean?
How do ITM, OTM and ATM options differ?
What is the role of SEBI?
Bajaj Finserv App for all your financial needs and goals
Trusted by 50 million+ customers in India, Bajaj Finserv App is a one-stop solution for all your financial needs and goals.
You can use the Bajaj Finserv App to:
Apply for loans online, such as Instant Personal Loan, Home Loan, Business Loan, Gold Loan, and more.
- Explore and apply for co-branded credit cards online.
- Invest in fixed deposits and mutual funds on the app.
- Choose from multiple insurance for your health, motor and even pocket insurance, from various insurance providers.
- Pay and manage your bills and recharges using the BBPS platform. Use Bajaj Pay and Bajaj Wallet for quick and simple money transfers and transactions.
- Apply for Insta EMI Card and get a pre-approved limit on the app. Explore over 1 million products on the app that can be purchased from a partner store on Easy EMIs.
- Shop from over 100+ brand partners that offer a diverse range of products and services.
- Use specialised tools like EMI calculators, SIP Calculators
- Check your credit score, download loan statements, and even get quick customer support—all on the app.
Download the Bajaj Finserv App today and experience the convenience of managing your finances on one app.
Download App
Now request money from your friends and family and make instant payments.
- 1. Apply for Loans: Choose from personal, business, gold loans and more
- 2. Transact: Pay utility bills, use UPI, get FASTag and more
- 3. Shop: Buy over 1 million products on No Cost EMI
- 4. Invest: Buy stocks, mutual funds and invest in FD