Titan crosses Rs 75000 crores in FY 2025 to 26, grows 46% for the Q4FY26
By Retail4Growth Bureau | May 11, 2026
The company’s Jewellery portfolio grew 50%, reflecting sustained consumer confidence despite an elevated gold price environment, while analog watches grew 15% during the quarter on the back of continuing premiumization trends.
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
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Tanishq, Mia and Zoya business (combined) growing 48% to ₹16,047 crores
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Caratlane recording 22% growth to reach ₹1,066 crores
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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
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Tanishq, Mia and Zoya business (combined) recording EBIT of ₹1,813 crores at 11.3% margin
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Caratlane (domestic) recording an EBIT of ₹89 crores at 8.4% margin
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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.
Emerging Businesses
The Emerging Businesses comprising of SKINN Fragrances, IRTH Women's Bags and Indian Dress Wear (Taneira) saw varying growth trajectories across individual businesses. Fragrances maintained its strong volume momentum across both the Skinn and Fastrack perfume lines, IRTH Women's Bags witnessed robust volume growth and continued to gain in brand salience whereas Taneira's revenue was flattish for the quarter.
Total Income for all the businesses (combined) for Q4FY26 grew 20% to ₹123 crores and recording a loss of ₹50 crores for this period.
Titan Engineering & Automation Limited ('TEAL')
TEAL delivered yet another strong quarter with the business growing 60% compared to Q4FY25 recording a Total Income of ₹454 crores for Q4FY26. The Automation Solutions (AS) business continued its order accretion momentum while the Manufacturing Services (MS) business maintained its healthy double-digit growth rates in this period. EBIT for the quarter was ₹81 crores at a margin of 17.9%.
Commenting on the quarterly performance, Ajoy Chawla, Managing Director of the Company stated, "FY26 has been a landmark year for Titan. We had crossed the ₹50,000 crores annual revenue milestone in in FY25 after nearly 40 years. The next ₹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 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."
