Titan Q1 profit jumps 63 per cent to Rs 1,777 crore

MUMBAI: Titan has started FY27 with its numbers shining brighter than a freshly polished display. The Tata Group company posted strong growth across its core consumer businesses in the June quarter, with jewellery leading the charge and international markets adding extra sparkle to the performance.

Titan Company’s consolidated total income rose 40 per cent year on year to Rs 20,753 crore in Q1 FY27, ended 30 June 2026, compared with the year-ago period. Profit before tax (PBT) increased 64 per cent to Rs 2,429 crore, while profit after tax (PAT) climbed 63 per cent to Rs 1,777 crore.

The company said that after adjusting for gains arising from the increase in customs duty on gold, PBT growth stood at 37 per cent year on year.

Titan attributed the quarter’s performance to strong demand around Akshaya Tritiya, stable gold prices, rising consumer preference for premium products and stronger momentum in international markets.

Titan’s jewellery business remained the star performer, with revenue rising 43 per cent to Rs 18,253 crore, excluding bullion and digi-gold sales.

Within this, the India jewellery business grew 38 per cent to Rs 16,943 crore, while international jewellery revenue soared 136 per cent to Rs 1,309 crore.

The company said demand remained healthy across both plain and studded jewellery, supported by double-digit growth in new buyers and higher average ticket sizes.

Internationally, Tanishq recorded strong traction in North America, alongside encouraging double-digit growth in the GCC markets, giving Titan’s overseas jewellery business a significant lift. Titan’s watches business also benefited from consumers moving towards premium products and analogue timepieces. Revenue from the division increased 21 per cent to Rs 1,543 crore.

Analogue watches registered mid-twenties growth during the quarter, while the smartwatch category declined in single digits, highlighting the continuing strength of traditional watch formats even as connected devices face softer demand.

The company’s EyeCare business recorded a 21 per cent increase in revenue to Rs 289 crore, driven by premium products and wider consumer adoption across categories.

Among the emerging businesses, Skinn fragrances and Fastrack continued to show strong momentum, while IRTH handbags delivered robust volume growth. Taneira, however, remained largely flat during the quarter.

Titan’s Engineering & Automation business (TEAL) was another strong performer, with revenue increasing 43 per cent to Rs 438 crore.

Both automation solutions and manufacturing services contributed to the growth, adding another leg to Titan’s diversified business portfolio.

The company said its consumer businesses collectively registered 40 per cent year-on-year growth during Q1 FY27, with innovation, design-led differentiation and premiumisation supporting demand across jewellery, watches, EyeCare and emerging categories.

Titan managing director Ajoy Chawla said the company remained focused on innovation and premium offerings despite changes in customs duty structures, gold price movements and geopolitical challenges in international markets.

Titan also continued expanding its retail footprint during the quarter, adding 33 jewellery stores, 34 watch stores and seven EyeCare outlets.

The expansion comes as the company heads into the rest of FY27 with demand remaining firm across its key consumer categories.

With jewellery accounting for the bulk of the quarter’s growth and international markets accelerating sharply, Titan’s opening quarter suggests that premiumisation is continuing to do the heavy lifting—while the company’s overseas ambitions are beginning to add another layer to its growth story.