Brands
Titan FY26 revenue crosses Rs 75,000 crore milestone
Profit jumps 52 per cent as jewellery sales drive record growth
MUMBAI: Titan Company Limited has proved it knows how to make every second and every gram of gold count, hitting a massive financial milestone. On 8 May 2026, the Board of Directors met to unveil annual results that saw the firm cross the Rs 75,000 crore revenue mark. Remarkably, after taking nearly 40 years to reach the Rs 50,000 crore milestone in 2025, the company added the next Rs 25,000 crore in just twelve months.
The Jewellery division remains the powerhouse of the portfolio, recording 50 per cent growth this quarter to reach Rs 18,195 crore (excluding bullion and Digi-gold). Despite record-high gold prices and market volatility, consumer confidence remained solid. Key drivers included the ‘Festival of Diamonds’ campaign and robust exchange programmes, which powered 35 per cent growth in both gold and studded portfolios within India.
While the domestic market remains the engine room, with Tanishq, Mia, and Zoya combined growing 48 per cent to Rs 16,047 crore, Titan is rapidly expanding its global footprint. The company successfully completed a 67 per cent acquisition of Damas Jewellery, a move that added 123 stores to its international network.
It wasn’t just the jewellery that performed well. The Watches and Wearables division delivered a steady performance, with analog watches growing 15 per cent as “premiumisation” trends continue. Total income for this segment reached Rs 1,222 crore for the quarter, an 8 per cent increase. However, the smartwatch category faced a significant challenge, with volumes declining and overall value dropping by nearly 50 per cent.
The consolidated balance sheet
- Total income: Rs 20,300 crore for Q4 (up 46 per cent); Rs 76,078 crore for the full year (up 33 per cent).
- Profit after tax (PAT): Rs 1,179 crore for the quarter (up 35 per cent); Rs 5,073 crore for the year (up 52 per cent).
- Dividend: The Board recommended a dividend of Rs 15.00 per equity share.
- EBIT margins: The Jewellery business maintained a 10 per cent margin, while Watches stood at 11.7 per cent.
Titan’s “Emerging Businesses”, including SKINN fragrances, Taneira dress wear, and IRTH bags, saw combined income growth of 20 per cent to reach Rs 123 crore for the quarter. While fragrances and bags showed strong volume momentum, Taneira’s revenue remained flat, and the collective segment recorded a loss of Rs 50 crore for the period. Meanwhile, the EyeCare arm saw a 17 per cent growth in quarterly income to Rs 227 crore, driven by international brands.
The engineering wing, Titan Engineering & Automation Limited (TEAL), also posted strong numbers, growing 60 per cent this quarter to reach a total income of Rs 454 crore.
Managing director Ajoy Chawla described FY26 as a “landmark year” but noted that the company enters FY27 with caution due to “macro volatility and fragile geopolitical situations”. For now, however, Titan remains focused on deepening customer engagement and creating long-term value after a record-breaking year.
