Titan April-June Profit Jumps 34% Led by Broad-Based Segment Growth

Titan Co. Ltd. reported a 33.9% on-year rise in net profit at ₹10.30 billion for the April–June quarter, driven by strong growth across its key business segments. On a sequential basis, profit rose 18.2%.

Revenue from operations rose 20.4% on year and 8% on quarter to ₹145.64 billion. The company said its diversified business model delivered a solid start to the fiscal, with 21% consolidated revenue growth in the quarter.

Jewellery, the company’s core segment, clocked revenue of ₹130.00 billion, up from ₹107.87 billion a year ago. Excluding bullion and digi-gold sales, income from the jewellery business grew 19% on year to ₹127.97 billion. The growth came despite elevated gold prices, with demand supported by higher average ticket sizes and steady consumer confidence in gold.

The segment posted an EBIT of ₹13.23 billion, with a margin of 11.5%, compared to 11.2% a year ago. The company said a one-time gain contributed a 50 basis point boost to margins, which may not recur in coming quarters.

International jewellery sales rose 49% on year to ₹5.54 billion, with operations in the UAE and North America growing in strong double digits. The company added 10 new Tanishq stores and 9 CaratLane stores during the quarter.

The watches and wearables segment posted 24% on-year growth in income at ₹12.73 billion. Segment revenue was ₹12.64 billion, up from ₹10.21 billion a year ago. EBIT surged to ₹2.86 billion from ₹1.15 billion a year ago, with the margin doubling to 22.6%. Titan attributed the performance to its premiumisation strategy and strong consumer engagement.

The eyecare business reported 13.4% on-year growth in revenue at ₹2.38 billion. The company said it has delivered three consecutive quarters of double-digit growth and remains confident about scaling up momentum through wider reach and new offerings.

Titan’s other emerging brands—SKINN, IRTH, and Taneira—continued to gain traction and improve their business mix. The company noted that these segments are well-positioned to expand their market share.

Total EBIT for the June quarter was ₹15.96 billion, up from ₹12.03 billion a year ago, with EBIT margin improving to 12.1% from 10.7%.

Titan’s total expenses for the quarter rose 19.2% on year to ₹132.91 billion. Input costs were up 6.6% at ₹100.37 billion, while advertising spend jumped 30.2% to ₹2.63 billion. Other expenses rose 7.4% to ₹7.47 billion, and finance costs were up nearly 19% at ₹2.16 billion. Tax outgo surged almost 40% on year to ₹3.50 billion.

The company said it remains optimistic about long-term growth across all its businesses, citing strong brand equity, operational strength, and opportunities in both domestic and international markets.