Titan Company Q4 results: Net profit jumps 35% to ₹1,179 crore YoY; board recommends dividend of ₹15 per share for FY26

Titan Company reported a 35% jump in consolidated net profit at ₹1,179 crore on Friday, May 8, for the fourth quarter of the current financial year (Q4 FY26) as compared to ₹871 crore in the same period last year.

The country's largest watch and jewellery retailer's total income also advanced 80% year-on-year (YoY) to ₹27,105 crore in the January-March period from ₹15,032 crore in the year-ago period.

The company reported strong operational performance as its earnings before interest, taxes, depreciation, and amortisation (EBITDA) rose 28% annually to ₹2,122 crore as against ₹1,653 crore in Q4 FY25.

Its operating profit margin, however, contracted to 7.83% in contrast to 11% on a yearly basis.

Along with its earnings, Titan Company’s board of directors has recommended a dividend of ₹15 per equity share (face value ₹1 each), subject to approval by shareholders at the upcoming AGM. The dividend will be paid within seven days from the conclusion of the AGM, the company said in a statement.

“FY26 has been a landmark year for Titan. We had crossed the ₹50,000 crore annual revenue milestone in FY25 after nearly 40 years. The next ₹25,000 crore has been remarkably achieved in a single year of FY26,” said Ajoy Chawla, managing director of Titan Company.

“The quarter performance was led by 'Festival of Diamonds', with our brands of Tanishq, Mia, Zaya, CaratLane, beYon and Damas striking the right chord with consumers across geographies and age groups,” Chawla added.

Category-wise updates

The jewellery business, building on its strong Q3 momentum, recorded another exceptional quarter of 50% growth over last year. New collections and continued strength of Titan's exchange programmes powered robust 35% growth in each of gold and studded product portfolios.

The international jewellery business (with the addition of Damas Jewellery) clocked double-digit retail growth across the GCC and North America, despite multiple disruptions due to the ongoing geopolitical situation in the Middle East region.

For Q4 FY26, Titan Company reported strong performance in its jewellery segment, with the business growing 50% YoY to ₹8,195 crore. Within this, the India business income rose 46% to around ₹7,114 crore, while the combined Tanishq, Mia and Zaya brands registered a 48% growth, reaching approximately ₹6,047 crore.

The watches business delivered a steady quarter, with analogue watches continuing to lead the overall growth for the division. The premiumisation journey continued, with Titan and International brands exhibiting encouraging double-digit growth for the quarter.

The business achieved a total income of ₹1,222 crore for the quarter, growing 8% over Q4 FY25 and achieving an EBIT of ₹143 crore at an 11.7% margin.

The business (domestic) sustained its double-digit growth momentum in the quarter, recording a healthy performance for the full year. It achieved a total income of ₹227 crores in Q4 FY26, growing 17% over Q4 FY25 and recording an EBIT of ₹21 crore at a 9.2% margin.

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

The total income for all the businesses (combined) for Q4 FY26 grew 20% to ₹123 crore, recording a loss of ₹50 crore for this period.

“As we step into FY27 with optimism on the back of an exceptional FY26 performance, we are conscious of the macro volatility and fragile geopolitical situations that necessitate all-around agility to respond effectively to grow our businesses. We remain committed to elevating Titan's competitive advantage, deepening customer engagement, and creating long-term value for all our stakeholders," said Chawla.

Following the earnings, shares of Titan Company were trading at ₹4,543 apiece on the National Stock Exchange, gaining 5.47%.