Titan Company Ltd. Q1 FY2026 results: revenue ₹16,523 crore, up 24.6% on the year
Titan Company Ltd. (TITAN) reported consolidated revenue from operations of ₹16,523 crore for Q1 FY2026, the quarter ended 30 June 2025, up 24.6% on the same quarter a year earlier. Profit after tax was ₹1,091 crore, up 52.4% on the year, and earnings per share ₹12.30. The figures are the company's own, from the un-audited results it filed with NSE on 8 August 2025.
The quarter, against the one before and a year earlier
| Line | Q1 FY2026 | Q4 FY2025 | Q1 FY2025 | Change on the year |
|---|---|---|---|---|
| Revenue from operations | 16,523 | 14,916 | 13,266 | +24.6% |
| Other income | 105 | 116 | 120 | -12.5% |
| Total income | 16,628 | 15,032 | 13,386 | +24.2% |
| Cost of materials consumed | 11,122 | 14,455 | 10,155 | +9.5% |
| Purchases of stock-in-trade | 2,051 | 2,036 | 1,708 | +20.1% |
| Changes in inventories | -362 | -4,976 | -1,527 | n/a |
| Employee benefit expense | 591 | 559 | 523 | +13.0% |
| Finance costs | 271 | 252 | 230 | +17.8% |
| Depreciation, depletion and amortisation | 184 | 183 | 164 | +12.2% |
| Other expenses | 963 | 985 | 1,160 | -17.0% |
| Total expenses | 15,148 | 13,814 | 12,413 | +22.0% |
| Profit before exceptional items and tax | 1,480 | 1,218 | 973 | +52.1% |
| Exceptional items | 0 | 0 | 0 | n/a |
| Profit before tax | 1,480 | 1,218 | 973 | +52.1% |
| Current tax | 378 | 326 | 258 | +46.5% |
| Deferred tax | 11 | 21 | 0 | n/a |
| Total tax | 389 | 347 | 258 | +51.0% |
| Profit after tax | 1,091 | 871 | 716 | +52.4% |
| Attributable to owners of the parent | 1,091 | 871 | 715 | +52.6% |
| Other comprehensive income | -6 | -27 | -114 | n/a |
| Total comprehensive income | 1,085 | 844 | 601 | +80.4% |
| EPS, basic | ₹12.30 | ₹9.82 | ₹8.06 | +52.6% |
| EPS, diluted | ₹12.30 | ₹9.82 | ₹8.06 | +52.6% |
₹ crore except per share.
Leverage, as the company states it
| Line | Q1 FY2026 | Q4 FY2025 | Q1 FY2025 | Change on the year |
|---|---|---|---|---|
| Debt to equity | 0.01 | 0.01 | 0.01 | |
| Debt service coverage | 0.00 | 0.02 | 0.01 | |
| Interest service coverage | 0.11 | 0.10 | 0.08 |
Debt to equity, debt service coverage and interest service coverage are the figures the company prints in its result statement under the listing regulations.
Segments, Q1 FY2026
| Segment | Revenue ₹ crore | Share of segment revenue | Result ₹ crore | Result over revenue |
|---|---|---|---|---|
| Watches | 1,273 | 7.7% | 287 | 22.5% |
| Jewellery (refer note 4) | 14,647 | 88.1% | 1,408 | 9.6% |
| Eyecare | 238 | 1.4% | 20 | 8.4% |
| Others | 415 | 2.5% | 61 | 14.7% |
| Corporate (unallocated) | 55 | 0.3% | -25 | -45.5% |
Segment revenue and segment result as the company filed them, before inter-segment eliminations; share and result over revenue are arithmetic on those.
Quarterly results, the last 12 quarters
| Q1 FY2024 | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | Q4 FY2026 | Q1 FY2027 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 11,897 | 14,164 | 12,494 | 13,266 | 14,534 | 17,740 | 14,916 | 16,523 | 18,725 | 25,416 | 26,920 | 21,356 |
| Expenses | 11,009 | 12,922 | 11,662 | 12,413 | 13,709 | 16,472 | 13,814 | 15,148 | 17,316 | 23,192 | 25,579 | 19,075 |
| Operating profit | 1,126 | 1,565 | 1,191 | 1,247 | 1,236 | 1,674 | 1,537 | 1,830 | 1,875 | 2,713 | 1,937 | 2,890 |
| OPM % | 9% | 11% | 10% | 9% | 9% | 9% | 10% | 11% | 10% | 11% | 7% | 14% |
| Other income | 114 | 136 | 159 | 120 | 122 | 128 | 116 | 105 | 112 | 151 | 184 | 146 |
| Interest | 109 | 169 | 201 | 230 | 240 | 231 | 252 | 271 | 277 | 282 | 350 | 353 |
| Depreciation | 128 | 154 | 158 | 164 | 171 | 175 | 183 | 184 | 189 | 207 | 246 | 256 |
| Exceptional items | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -152 | 51 | 0 |
| Profit before tax | 1,002 | 1,378 | 991 | 973 | 947 | 1,396 | 1,218 | 1,480 | 1,521 | 2,223 | 1,576 | 2,427 |
| Tax % | 25% | 24% | 22% | 26% | 26% | 25% | 28% | 26% | 26% | 24% | 25% | 27% |
| Net profit | 756 | 1,053 | 771 | 716 | 704 | 1,047 | 871 | 1,091 | 1,120 | 1,684 | 1,179 | 1,777 |
| EPS in ₹ | ₹8.48 | ₹11.91 | ₹8.68 | ₹8.06 | ₹7.94 | ₹11.80 | ₹9.82 | ₹12.30 | ₹12.63 | ₹18.98 | ₹13.00 | ₹20.03 |
| Filing | NSE | NSE | NSE | NSE | NSE | NSE | Filing | Filing | Filing | Filing | Filing | Filing |
₹ crore except per share, consolidated, as filed with the exchange. Operating profit is sales less the expenses other than interest and depreciation, OPM is that over sales, and tax % is tax over profit before tax: arithmetic on the filed lines; everything else is as filed. Quarters before December 2024 are from the exchange's earlier results feed, which carries the filed lines without the filing itself; the column links to the exchange's page for the company.
Source
Un-audited consolidated results for the quarter ended 30 June 2025, filed with NSE on 8 August 2025: the result statement. All of Titan Company Ltd.'s results: NSE company page.
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