Consolidated total income rose 40 per cent to Rs 20,753 crore, while jewellery revenue grew 43 per cent in the first quarter of FY27
Titan Company reported a 63 per cent year-on-year increase in consolidated profit after tax (PAT) to Rs 1,777 crore in the first quarter of financial year 2026-27, compared with Rs 1,091 crore in the year-ago period. Consolidated total income rose 40 per cent to Rs 20,753 crore from Rs 14,778 crore in Q1 FY26. Earnings before interest and tax (EBIT) increased 59 per cent to Rs 2,782 crore.
Profit before tax (PBT) increased 64 per cent year-on-year to Rs 2,429 crore from Rs 1,480 crore, with the PBT margin improving to 11.7 per cent from 10 per cent. However, the reported profit includes Rs 407 crore gains related to changes in customs duty, making the adjusted profitability growth lower than the reported numbers.
Jewellery Leads Growth
Titan’s jewellery business grew 43 per cent year-on-year to Rs 18,253 crore in Q1 FY27. The company said double-digit growth in the number of buyers, along with higher average ticket sizes, supported strong growth in both plain and studded jewellery categories.
India jewellery business income rose 38 per cent to Rs 16,943 crore. The combined Tanishq, Mia and Zoya business grew 38 per cent to Rs 15,502 crore, while CaratLane recorded 40 per cent growth to Rs 1,441 crore. The international jewellery business grew 136 per cent to Rs 1,309 crore, supported by strong traction for Tanishq in North America and double-digit growth in the Gulf Cooperation Council region.
Jewellery EBIT stood at Rs 2,360 crore at a margin of 12.9 per cent. India jewellery EBIT was Rs 2,368 crore at a 14 per cent margin after adjusting for the Rs 407 crore customs duty gain, compared with Rs 1,961 crore and an 11.6 per cent margin on an unadjusted basis.
Titan added 33 net jewellery stores in India during the quarter, including four Tanishq stores, 17 Mia stores, one beYon store and 11 CaratLane stores. Tanishq also opened two stores in the GCC, while Damas closed one net store during the quarter.
Watches, EyeCare Maintain Momentum
Titan’s Watches business reported total income of Rs 1,543 crore in Q1 FY27, up 21 per cent year-on-year, with EBIT at Rs 295 crore and a margin of 19.1 per cent. Analogue watches recorded mid-twenties growth while smart watches declined in single digits during the quarter. The division added 34 net stores across Titan World, Fastrack, Helios and Helios Luxe.
The EyeCare business also grew 21 per cent to Rs 289 crore, with EBIT at Rs 24 crore and an 8.3 per cent margin. The division added six Titan Eye+ stores and one Runway store during the quarter, supported by premiumisation and marketing initiatives focused on multi-pair and multi-category offerings.
Emerging Businesses Show Mixed Performance
Titan’s emerging businesses, comprising Skinn fragrances, IRTH women’s bags and Taneira, recorded 18 per cent growth in combined total income to Rs 128 crore. Skinn maintained volume momentum across its perfume lines, while IRTH reported robust volume growth, whereas Taneira’s revenue remained broadly flat during the quarter. The combined businesses recorded a loss of around Rs 39 crore.
Titan Engineering & Automation (TEAL) reported 43 per cent growth in total income to Rs 438 crore. Its Automation Solutions business continued to see order accretion, while Manufacturing Services also maintained growth, with EBIT at Rs 143 crore.
The company said the quarter involved managing movements in gold prices, changes in the duty structure and geopolitical headwinds affecting international operations. Titan said it would continue to focus on brand investment, customer engagement and disciplined execution across its businesses.
