96
/ 2
Min Read
Titan Company Ltd reported a robust 52.5% year-on-year increase in net profit for the first quarter of FY26, driven by rising gold prices and strong consumer demand for premium products. The jewellery-to-watchmaker giant posted a consolidated net profit of ₹1,091 crore, beating analyst estimates of ₹937 crore.
Total revenue for the June quarter rose by 24.6% to ₹16,523 crore, well ahead of the projected ₹15,038 crore. Operating profit (EBITDA) climbed 46.7% year-on-year to ₹1,830 crore, with margins improving to 11.1% from 9.4% a year earlier.
The gains came despite a shift in consumer preferences toward more affordable, lightweight jewellery, prompting Titan to introduce new low-karat gold collections to meet evolving demand.
“Consumer confidence in gold as both adornment and a store of value remains intact,” said Titan MD C.K. Venkataraman. “Q1FY26 has been an encouraging start to the fiscal year.”
Titan’s jewellery segment, which contributes 88% of the company’s total revenue, grew 19% year-on-year (excluding bullion and digital gold sales), underscoring continued resilience in the premium jewellery market. Spot gold prices rose 5.5% during the quarter, as global uncertainty pushed investors towards safe-haven assets, further fueling demand.
The watches and wearables division recorded one of its strongest quarters to date, with revenue jumping 24% to ₹1,273 crore, propelled by sales of high-end timepieces.
EyeCare: Revenue rose 13% to ₹238 crore, with earnings before interest and tax (EBIT) of ₹20 crore and a margin of 8.4%. Titan Engineering & Automation: Income grew 56% to ₹307 crore, bolstered by an 82% surge in its automation solutions business and a 16% rise in manufacturing services, driven by aerospace demand.
With strong performance across verticals and strategic product adaptations for value-conscious consumers, Titan is poised for a promising FY26.
