Retail major Titan has recorded a growth in its consolidated net profit growth by 35 per cent year on year (y-o-y) to ₹1179 crore from ₹871 crores in Q4FY25.
The total income has increased to ₹20,300 crores, an increase by 46 per cent y-o-y from ₹13,891 crore.
Segment Split
Income from jewellery grew by 50 per cent YoY to ₹18,195 crore compared to last year’s corresponding quarter. It also contradicts analysts’ expectations of a reduction in jewellery revenue due to a brief halt in silver and gold imports during mid-April.
Brands like Tanishq, Mia and Zoya grew 48 per cent to ₹16,047 crore. They have added 27 stores (net) in India, comprising of 8 Tanishq stores, 14 Mia stores and 5 Caratlane stores, which also contributes to the growth. The international business, which includes Damas posted a loss of ₹82 crore for the quarter.
Income from the watches segment is at ₹1,222 crore, an 8 per cent increase from Q4FY25 with the company seeing double digit growth in the analog watches segment. However, their smart watches segment saw a decrease by 50 per cent in overall value. They have added 30 new stores in the quarter consisting of 17 stores in Titan World, 7 stores in Fastrack, 4 stores in Helios and 2 stores in Helios Luxe.
Eyewear and Emerging Business
Income for Eyewear has grown by 17 per cent to ₹227 crore, while Emerging segments posted an income of ₹123 crore, up 20 per cent. The emerging segment include IRTH, SKINN Fragances, and Taneira.
Commenting on the Q4 performance, Ajoy Chawla, managing director of the company said, “FY26 has been a landmark year for Titan. We had crossed the ₹50,000 crore annual revenue milestone in in FY25 after nearly 40 years.”
Looking ahead, he acknowledged the challenges due to macro factors like geopolitics but remains conlcuded on optimistic note that the company will necessitate agility to respond effectively.
Titan closed at ₹4515 up by 4.76 per cent at the BSE today.
(With inputs from businessline intern Vasundhara Prakash)