Titan Company Limited reported a robust start to fiscal year 2027, with consolidated total income reaching ₹20,753 crore for the first quarter ended June 30, 2026. This represents a substantial 40% increase year-over-year. The company highlighted broad-based growth driven by festive and Akshaya Tritiya demand, with notable performance in its Jewellery, Watches, and EyeCare segments.
Titan Company Reports Strong Q1 FY27 Performance
Titan Company Limited announced a significant surge in its financial performance for the first quarter of fiscal year 2027 (ended June 30, 2026). The consolidated total income climbed to ₹20,753 crore, marking an impressive 40% year-over-year growth. This strong performance signals a positive start to the fiscal year, building on the momentum from the previous exceptional year.
Key Financial Highlights
The company’s Profit Before Tax (PBT) saw a substantial increase of 64%, reaching ₹2,429 crore. The PBT margin stood at 11.7%. Excluding the impact of a custom duty increase on gold, the adjusted PBT grew by 37% compared to the same quarter last year.
Segment Performance Driving Growth
The Jewellery segment was a major contributor, growing by 43% to ₹18,253 crore. This growth was fueled by strong demand during festive periods and the Akshaya Tritiya occasion, alongside effective exchange programs. The Watches segment also delivered a healthy performance, with a 21% increase in revenue to ₹1,543 crore, driven by premiumization trends and consumer preference for analog timepieces. The EyeCare segment further accelerated its growth, achieving a 21% increase to ₹289 crore, attributed to strong demand and a shift towards premium offerings.
International Business Expansion
Titan’s international business also showed strong growth, particularly in North America, powering international business expansion. The company noted that the quarter demanded agility in navigating fluctuating gold prices and duty structure changes.
Limited Review Report
The unaudited consolidated financial results have been reviewed by BSR & Co. LLP, Chartered Accountants. The report, dated August 7, 2026, states that based on their review, nothing has come to their attention that causes them to believe the accompanying Statement has not been prepared in accordance with applicable accounting standards or contains any material misstatement.
Source: BSE
