Conference Call with Titan Company Management and Analysts on Q1FY26 Performance and Outlook. Listen to the full earnings transcript.
Gems & Jewellery company Titan Company announced Q1FY26 results Q1FY26 Financial Highlights: Total Income: Rs 14,966 crore compared to Rs 12,386 crore during Q1FY25, change 20.8%. Profit before Tax: Rs 1,480 crore compared to Rs 973 crore during Q1FY25, change 52.1%. Profit after Tax: Rs 1,091 crore compared to Rs 715 crore during Q1FY25, change 52.5%. Profit after Tax Margin: 7.3% for Q1FY26. Business Highlights: Jewellery: Total Income for the quarter grew 19% over Q1FY25 to Rs 2,797 crore (exc. bullion and digi-gold sales). The lndia business of Tanishq, Mia and Zoya (together) grew 18% to Rs 11,217 crore and CaratLane clocked a strong 39% growth to Rs 1,026 crore in the same period. Watches: Business had an exceptional quarter recording a growth of 24% over Q1FY25 achieving a Total Income of Rs 1,273 crore EBIT came in at Rs 287 crore clocking 22.6% margin for Q1FY26. EyeCare: The Total Income of Rs 238 crore in Q1FY26 grew 13% over Q1FY25. Business recorded an EBIT of Rs 20 crore clocking a margin of 8.4% for the quarter. Emerging Businesses: The Emerging Businesses comprising of Indian Dress Wear ('Taneira'), Fragrances, Fashion Accessories (Women's Bags) ('F&FA;') recorded a Total Income of Rs 108 crore growing 35% over Q1FY25. Titan Engineering & Automation Limited: The Business recorded a Total Income of Rs 307 crore in Q1FY26, a growth of 56% compared to Q1FY25. EBIT for the quarter was US crore at a margin of 24.4%. CK Venkataraman, Managing Director, said: "Q1FY26 has been an encouraging start to the fiscal year with 21% consolidated revenue growth, demonstrating the strength of our diversified business model. Our Jewellery business continues to show remarkable resilience despite headwinds from elevated gold prices. Consumer confidence in gold as both adornment and store of value remains intact, supporting our market leadership position. Watches delivered one of its best-ever quarters, achieving exceptional performance in both revenue growth and margins. This validates our premiumization strategy and the strong consumer connect our brands have established. EyeCare has been clocking three quarters of double-digit growth, and we are confident of accelerating this momentum in the coming quarters as we expand our reach and enhance our product offerings. Our Emerging brands of SKINN, IRTH and Taneira have made substantial progress in optimizing their business mix and are well-positioned to capture greater market share. Our international operations continue to deliver strong growth, opening new avenues for expansion. We remain optimistic about our growth trajectory and our ability to create long-term value across all business segments." Result PDF