3 weeks ago
Titan Q1 Net Profit Jumps 63% to ₹1,777 Crore
Titan is a big Indian company that makes jewellery, watches and eyeglasses.
It just told everyone how much money it made in the first three months of its financial year.
Titan made a profit of ₹1,777 crore, which is 63% more than it made a year before.
That is a lot more money!
Most of the profit came from people buying lots of jewellery, especially during the Akshaya Tritiya festival.
Gold prices were steady, which helped people feel good about buying.
The tax on gold went up, and that gave Titan an extra ₹407 crore gain in this quarter.
Watches and eyeglasses also sold well, with both businesses growing by 21%.
Titan opened many new stores in India and in the Gulf region.
Its smaller new businesses, like perfumes and handbags, still lost money, but the company's boss said it was a strong start to the year.
Titan Company's consolidated net profit rose 63% year-on-year to ₹1,777 crore for the quarter ended 30 June 2026, from ₹1,091 crore a year earlier.
Consolidated revenue grew about 40% to ₹20,753 crore (total income, per one report) or ₹20,787 crore (revenue from operations, per another), with jewellery the biggest growth driver.
Profit before tax rose 64% to ₹2,429 crore, but excluding a ₹407 crore one-time gain from higher customs duty on gold, PBT growth was 37%.
Jewellery income (excluding bullion and Digi-gold) rose 43% to ₹18,253 crore; watches rose 21% to ₹1,543 crore and EyeCare rose 21% to ₹289 crore.
Titan added 76 net stores overall — 33 jewellery stores in India, 34 watch stores, seven EyeCare stores and two Tanishq stores in the GCC — while MD Ajoy Chawla called it a 'strong opening' quarter.
Emerging businesses (SKINN, IRTH, Taneira) rose 18% to ₹128 crore with a ₹39 crore loss, and TEAL revenue rose 43% to ₹438 crore.
- Who
- Titan Company, a Tata Group company, with commentary from Managing Director Ajoy Chawla.
- What
- Reported a 63% year-on-year rise in consolidated net profit to ₹1,777 crore and about 40% growth in revenue for Q1 FY27.
- Where
- India (reported from Mumbai), with international jewellery growth in North America and the GCC region.
- When
- For the quarter ended 30 June 2026, with results announced on 7 August 2026.
- Why
- Growth was driven by stable gold prices, strong festive demand around Akshaya Tritiya, higher consumer spending, premiumisation, and a one-time ₹407 crore gain from higher customs duty on gold.
Key facts
- Net Profit (Q1 FY27)
- ₹1,777 crore, up 63% YoY from ₹1,091 crore
- Consolidated Revenue
- ₹20,753 crore (total income) or ₹20,787 crore (revenue from operations); up ~40% YoY
- Profit Before Tax
- ₹2,429 crore, up 64% YoY; 37% growth excluding customs duty gain
- Customs Duty Gain
- ₹407 crore one-time gain from higher gold duty
- Jewellery Revenue
- ₹18,253 crore, up 43% (excluding bullion and Digi-gold)
- Watches Revenue
- ₹1,543 crore, up 21%
- EyeCare Revenue
- ₹289 crore, up 21%
- Net Stores Added
- 76 (33 jewellery in India, 34 watches, 7 EyeCare, 2 Tanishq in GCC)
Quotes
Ajoy Chawla, Managing Director of Titan Company
Managing Director of Titan Company
“"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. Our TEAL business is growing from strength to strength, raising the bar of excellence in the high-precision engineering sectors and delivering best-in-class value for our customers."”
financialexpress.com
“"The company said stable gold prices, strong festive demand and its jewellery exchange programmes supported healthy growth across key product categories."”
financialexpress.com
Sources
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