Strong jewellery demand, international growth and steady watches sales helped Titan post a sharp rise in fourth-quarter profit and revenue, while the company also announced a Rs 15 dividend for FY26
Titan Company on Friday reported a strong performance for the fourth quarter of FY26, with consolidated net profit rising 35 per cent year-on-year to nearly Rs 1,179 crore. The Tata Group company’s total income also climbed 46 per cent to around Rs 20,300 crore.
The board recommended a dividend of Rs 15 per equity share of face value Re 1 each for FY26, subject to shareholder approval at the upcoming annual general meeting.
The company said growth was largely driven by sustained momentum in the jewellery business along with resilient demand in the watches segment. Revenue from jewellery operations, excluding bullion and digi-gold sales, surged 50 per cent year-on-year to around Rs 18,195 crore during the quarter despite high gold prices.
Within the segment, Titan’s India jewellery business posted income of Rs 17,114 crore, up 46 per cent from a year ago, while international jewellery revenue jumped 174 per cent to Rs 1,081 crore.
Store Addition And International Footprint
Titan continued to expand its retail presence during the quarter, adding a net 27 jewellery stores in India, including 8 Tanishq stores, 14 Mia stores and 5 CaratLane outlets. Tanishq also opened four new stores in the GCC region.
During the quarter, the company completed the acquisition of a 67 per cent stake in Damas Jewellery, a leading jewellery brand in the GCC market. The deal added 123 stores to Titan’s network and marked a significant milestone in its overseas expansion strategy.
In the watches segment, analog watches recorded 15 per cent growth, aided by premiumisation trends. Titan said international jewellery operations also witnessed double-digit retail growth across GCC and North American markets. However, the smart watches category remained weak.
“This segment witnessed nearly 50 percent decline in overall value,” the company stated in a release.
The eyewear business reported a 17 per cent increase in income to Rs 227 crore during the quarter. Titan’s emerging businesses, including Skinn fragrances, IRTH women’s bags and ethnic wear brand Taneira, delivered mixed performances.
“Fragrances maintained its strong volume momentum across both the Skinn and Fastrack perfume lines, IRTH Women’s Bags witnessed robust volume growth and continued to gain in brand salience whereas Taneira’s revenue was flattish for the quarter,” the company stated.
For the full FY26 fiscal year, Titan’s consolidated total income rose 33 per cent to Rs 76,078 crore, while profit after tax increased 52 per cent to Rs 5,073 crore.
“FY26 has been a landmark year for Titan. We had crossed the Rs 50,000 crore annual revenue milestone in FY25 after nearly 40 years. The next Rs 25,000 crores has been remarkably achieved in a single year of FY26. This is a reflection of the enduring strength of our brands, the trust of our consumers,” said managing director Ajoy Chawla.
Amid macroeconomic volatility and geopolitical uncertainty, Chawla said the company remains focused on strengthening its competitive position, deepening customer engagement and creating long-term value for stakeholders.
Following the earnings announcement and dividend declaration, Titan shares gained 6.3 per cent to trade at Rs 4,579 on the NSE in afternoon trade.
