Titan Company Limited, part of the Tata Group, opened the fiscal year on a high note, posting a consolidated net profit of ₹1,091 crore for the April–June period, a 52.5% jump from last year and well ahead of market forecasts of ₹893 crore. Consolidated revenue stood at ₹16,523 crore, marking a strong 24.6% increase from ₹13,266 crore in the same quarter a year ago.
The company’s operating performance also impressed, with EBITDA rising 46.7% to ₹1,830 crore and margins widening by 170 basis points to 11.1%. Jewellery, Titan’s largest revenue driver, contributed over 80% of total sales and recorded a 19% year-on-year jump to ₹11,217 crore (excluding bullion and digi-gold). Flagship brands Tanishq, Mia, and Zoya grew 18% to ₹10,264 crore, while CaratLane surged 39% to ₹1,026 crore. International jewellery operations stood out with a 49% revenue rise to ₹554 crore, delivering profitability for the first time, aided by strong performances in the UAE and North America.
The watches segment clocked a robust 24% growth, reaching ₹1,273 crore, while eyewear sales improved 13% to ₹238 crore. The emerging businesses portfolio—covering ethnic wear under Taneira, fragrances, and women’s fashion accessories—grew 35% to ₹108 crore.
Titan noted that elevated gold prices nudged consumers toward plain gold jewellery and coins over studded pieces, with higher average ticket sizes offsetting softer footfall. CaratLane’s targeted gold coin campaign also drew an enthusiastic response, bolstering new customer acquisition. Overall, the company credited healthy domestic demand and expanding international momentum for its strong start to the year.