Titan Company Q1 results: Net profit grows 63% YoY; firm sees broad-based growth led by festive demand

The country's largest watch and jewellery retailer's revenue from operations increased 29% year-on-year (YoY) to ₹21,356 crore in the April-June period from ₹16,523 crore in the year-ago period.

For Q1 FY27, the consolidated total income came in at ₹20,753 crores, rising 40%, marking a strong start to the fiscal year and sustaining the growth momentum carried over from an exceptional FY26, the company said.

The company reported strong operational performance as its earnings before interest, taxes, depreciation, and amortisation (EBITDA) rose 58% annually to ₹2,890 crore as against ₹1,830 crore in Q1 FY26.

Its operating profit margin also expanded to 13.53% in contrast to 11.08% on a yearly basis.

The company stated that festive and Akshaya Tritiya-led demand anchored broad-based growth during the quarter. Meanwhile, its international business growth was driven by the North America market.

Further, Titan said that, after adjusting for the impact of the increase in custom duty on gold during the quarter, profit before tax grew 37% compared with Q1FY26.

Commenting on the earnings, Titan Company Managing Director Ajoy Chawla said, “Q1FY27 was a strong opening quarter for us, with our Consumer Businesses registering 40% YoY growth. Through innovation and design led differentiation, our portfolio of brands across Jewellery, Watches, EyeCare and Emerging businesses continue to deliver exceptional value to customers seeking premium offerings.”

Chawla said that despite the broad-based performance, the quarter required significant agility across multiple areas, including navigating gold price movements and adapting to sharp changes in the duty structure.

He added that the company also had to manage geopolitical headwinds affecting its international operations during the period.

Segment updates

• Titan reported a 43% YoY growth in its jewellery portfolio to ₹8,253 crore, excluding bullion and digi-gold sales. The growth was supported by festive and Akshaya Tritiya demand, along with continued traction in its exchange programmes, reflecting steady consumer demand.

“The International Jewellery business scaled sharply with Tanishq recording strong North America traction and encouraging double-digit growth in the GCC. The Core Damas business witnessed a gradual recovery across key parameters,” Titan Company said in a statement.

• The watches segment increased 21% to ₹1,543 crore, led by continued premiumisation trends and enduring consumer preference for analogue timepieces, the company said.

• EyeCare clocked a robust 21% growth to ₹289 crore, marking a strong start to the year, driven by healthy demand across its product portfolio and an ongoing shift towards premium offerings.

• The emerging businesses comprising SKINN Fragrances, IRTH Women's Bags and Indian Dress Wear (Taneira) saw varying growth trajectories across individual businesses.

• Titan Engineering & Automation (TEAL) also delivered strong quarter with the business growing 43% compared to Q1FY26 recording a total income of ₹438 crores for Q1 FY27.

On Friday, shares of Titan Company closed at ₹4,941 apiece on the National Stock Exchange, falling 1.14%. The earnings, however, came after the market hours.