Titan Company Limited, announced its Q4FY26 results, where the Consolidated Total Income was ₹20,300 crores, up 46%, marking one of the strongest quarterly performances in the company's history. The Profit after Tax was ₹1,179 crores, registering a healthy 35% growth over last year.

Jewellery

According to the company, the Jewellery business, building on its strong Q3 momentum, recorded another exceptional quarter of 50% growth over last year. New collections and continued strength of Titan's exchange programs powered robust 35% growths in each of gold and studded product portfolios. 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.

The International Jewellery business (with the addition of Damas Jewellery), clocked double-digit retail growths across GCC and North America, despite multiple disruptions due to the ongoing geopolitical situation in the Middle East region.

For the quarter, the jewellery business grew 50% over Q4FY25 to ₹18,195 crores. Within this, the India Business Income rose 46% to ~17,114 crores, comprising of

• Tanishq, Mia and Zoya business (combined) growing 48% to ₹16,047 crores
• Caratlane recording 22% growth to reach ₹1,066 crores
• The International jewellery business grew 174% to ₹1,081 crores*

The Business achieved an EBIT of ₹1,820 crores at a margin of 10.0%. Within this,
the India Business clocked an EBIT of ₹1,902 crores at 11.1% margin, comprising of

• Tanishq, Mia and Zoya business (combined) recording EBIT of ₹1,813 crores at 11.3% margin
• Caratlane (domestic) recording an EBIT of ₹89 crores at 8.4% margin
• The International jewellery business (including Damas) recorded a loss of ₹82 crores* for the quarter

Note: All figures above exclude Bullion and Digi-Gold sales in all the periods; * - Damas financials considered as part of consolidation from Q4FY26

During the quarter, the Division added 27 stores (net) in India, comprising of 8 Tanishq stores, 14 Mia stores and 5 Caratlane stores. The Tanishq business saw 4 new store openings in GCC region during the quarter. With the Damas acquisition, 123 stores were added to the international network.

Watches  

The Watches business delivered a steady quarter, with analog watches continuing to lead the overall growth for the Division. The analog segment recorded healthy double-digit growth in consumer sales supported by good volume uptick and improvements in price realisation. The premiumization journey continued with Titan and International brands exhibiting encouraging double-digit growths for the quarter. Smart Watches volume decline was partially offset by improvement in average price realizations. This segment witnessed nearly 50% decline in overall value.

Business achieved Total Income of ₹1,222 crores for the quarter growing 8% over Q4FY25 and achieving an EBIT of ₹143 crores at 11.7% margin.

Business added 30 new stores (net) in the quarter consisting of 17 stores in Titan World, 7 stores in Fastrack, 4 stores in Helios and 2 stores in Helios Luxe.

EyeCare

The business (domestic) sustained its double-digit growth momentum in the quarter recording a healthy performance for the full year. The growth for the quarter was led by International Brands and improvement in price realizations across the product portfolio.

The eyecare business achieved Total Income of ₹227 crores in Q4FY26 growing 17% over Q4FY25 and recording an EBIT of ₹21 crores at 9.2% margin. Store optimization efforts continued in the quarter with 37 refurbishments/ renovations,12 new store openings and 32 closures in this period.