Key Financial Performance (Consolidated)

  • Total Income: ₹20,753 crores, up 40% YoY (Q1FY26: ₹14,778 crores)
  • EBIT: ₹2,782 crores at 13.4% margin, up 59% YoY (Q1FY26: ₹1,751 crores at 11.8% margin)
  • Profit Before Tax (PBT): ₹2,429 crores at 11.7% margin, up 64% YoY (Q1FY26: ₹1,480 crores at 10.0% margin)
  • Includes custom duty gains of ₹407 crores
  • Adjusted PBT (excluding custom duty impact) grew 37% YoY
  • Profit After Tax (PAT): ₹1,777 crores at 8.6% margin, up 63% YoY (Q1FY26: ₹1,091 crores at 7.4% margin)
  • Earnings Per Share (Basic): ₹20.03 (not annualized)

Segment-wise Performance

Jewellery Business
  • Revenue: ₹18,253 crores (excl. Bullion and Digi-gold), up 43% YoY
  • India Business: ₹16,943 crores, up 38% YoY
  • Tanishq, Mia, Zoya: ₹15,502 crores, up 38%
  • Caratlane: ₹1,441 crores, up 40%
  • International Business: ₹1,309 crores, up 136% YoY
  • Tanishq, Mia, Caratlane: ₹913 crores, up 65%
  • Damas (core): ₹396 crores
  • EBIT: ₹2,360 crores at 12.9% margin
  • India Business: ₹2,368 crores at 14.0% margin (adjusted for CD gains: ₹1,961 crores at 11.6% margin)
  • Tanishq, Mia, Zoya: ₹2,202 crores at 14.2% margin (adjusted: ₹1,816 crores at 11.7% margin)
  • Caratlane: ₹166 crores at 11.5% margin (adjusted: ₹145 crores at 10.1% margin)
  • International Business: Loss of ₹8 crores
  • Tanishq, Mia, Caratlane: ₹59 crores at 6.5% margin
  • Damas: Loss of ₹67 crores
  • Store Additions: 33 net new stores in India (4 Tanishq, 17 Mia, 1 beYon, 11 Caratlane); 2 new Tanishq stores in GCC; Damas closed 1 net store
Watches Business
  • Revenue: ₹1,543 crores, up 21% YoY
  • EBIT: ₹295 crores at 19.1% margin
  • Store Additions: 34 net new stores (9 Titan World, 9 Fastrack, 14 Helios, 2 Helios Luxe)
Eyecare Business
  • Revenue: ₹289 crores, up 21% YoY
  • EBIT: ₹24 crores at 8.3% margin
  • Store Additions: 7 new stores (6 Titan Eye+, 1 Runway)
Emerging Businesses (SKINN, IRTH, Taneira)
  • Combined Revenue: ₹28 crores, up 18% YoY
  • Combined Loss: ₹39 crores
Titan Engineering & Automation Limited (TEAL)
  • Revenue: ₹438 crores, up 43% YoY
  • EBIT: ₹143 crores

Capital Structure and Ratios

  • Paid-up Equity Share Capital: ₹89 crores (face value ₹1 per share)
  • Debt Equity Ratio: 1.01
  • Current Ratio: 1.31
  • Interest Service Coverage Ratio: 13.99
  • Operating Margin: 12.76%
  • Net Profit Margin: 8.32%

Subsidiaries and Associates

The consolidated results include 22 entities:

  • Key subsidiaries: CaratLane Trading, Titan Engineering & Automation, Titan Holdings International FZCO, Signature Jewellery Holding, Damas LLC and its subsidiaries
  • Associate: Green Infra Wind Power Theni Limited
  • Joint Venture: Roberto Coin Middle East LLC (from 4th January 2026)

Additional Information

  • Board Meeting: Commenced at 2:00 PM, results approved at 3:45 PM on 7th August 2026
  • Conference Call: Scheduled for 7th August 2026 at 6:00 PM India time
  • Commercial Paper: CARE A1+ rating, coupon rate 5.80%-7.20%, all payments made on time
  • Labour Code Impact: Exceptional item of ₹51 crores in Q4FY26 due to implementation of new labour codes
  • Damas Acquisition: Final purchase price allocation completed with goodwill of ₹623 crores

Standalone Performance

  • Revenue from Operations: ₹18,101 crores
  • Profit Before Tax: ₹2,281 crores
  • Net Profit: ₹1,699 crores
  • EPS (Basic): ₹19.15