Tata group consumer lifestyle firm Titan — which manufactures a range of products including watches, jewellery and eyewear — on Thursday staged a strong financial performance for the quarter ended June 30, with a better-than-expected net profit and a 167-basis-point expansion in its margin.
Titan — whose popular brands include Fastrack, Octane, Helios, Tanishq and Zoya — registered a 52.6 per cent year-on-year jump in net profit to Rs 1,091 crore for the April-June period.
Titan Q1 FY26 Results | Top line & bottom line vs estimates
Its revenue grew 24.2 per cent to Rs 16,628 crore, according to a regulatory filing.
According to Zee Business research, Titan’s June-quarter net profit was estimated at Rs 944 crore and revenue at Rs 14,205 crore.
Titan Earnings | Operational performance
The Tata group firm’s operating profit expanded to Rs 1,830 crore for the June quarter from Rs 1,247 crore a year ago.
Its margin — a key measure of profitability — improved from 9.4 per cent to 11.07 per cent.
Titan Q1 segment revenue break-up
Revenue from the company’s watches and jewellery units grew around 24 per cent each to Rs 1,273 crore and Rs 14,647 crore, respectively.
Eyecare revenue expanded to Rs 238 crore from Rs 210 crore, according to the company.
Management commentary
“Q1 FY26 has been an encouraging start to the fiscal year with 21 per cent consolidated revenue growth, demonstrating the strength of our diversified business model,” said CK Venkataraman, MD, Titan.
He said the company’s jewellery business continues to show remarkable resilience despite headwinds from elevated gold prices.
“We remain optimistic about our growth trajectory and our ability to create long-term value across all business segments,” he added.
Titan shares
Earlier in the day, Titan shares ended nearly flat at Rs 3,415 apiece amid a volatile session on Dalal Street.
At this level, the Titan stock has gained 4.6 per cent in 2025 so far, in line with a 3.6 per cent gain in the Nifty50.
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