Titan Q1FY27 Revenue Surges 40% to ₹20,753 Cr; Profit Up 64% to ₹2,429 Cr
Titan Company Limited reported Q1FY27 consolidated total income of ₹20,753 crore, up 40% YoY. Profit Before Tax surged 64% to ₹2,429 crore. Jewellery revenue grew 43% to ₹18,253 crore, while Watches and EyeCare saw 21% growth each. The company approved a new stock unit scheme and appointed Ms. Priya Mathilakath as CPO.
Significant revenue and profit growth, coupled with strategic corporate actions like international expansion and a new stock unit scheme, are likely to have a high impact on investor sentiment and the company's future prospects.
The company reported strong year-on-year growth in revenue and profit across its key business segments, indicating a positive financial performance.
Titan Company Limited announced a robust Q1FY27 performance with consolidated total income reaching ₹20,753 crore, a significant 40% increase year-on-year. Profit Before Tax (PBT) also saw a substantial rise of 64% to ₹2,429 crore, with a margin of 11.7%. Excluding the impact of a custom duty increase in gold, PBT grew by 37% compared to Q1FY26.
The Jewellery division was a major driver, growing by 43% to ₹18,253 crore, fueled by strong festive demand and Akshaya Tritiya sales. The Watches and EyeCare businesses also demonstrated healthy growth, both recording a 21% increase, with Watches revenue at ₹1,543 crore and EyeCare at ₹289 crore.
The company also approved the incorporation of a Wholly Owned Subsidiary in Canada for its Tanishq business entry and approved the Titan Company Limited Performance Based Stock Unit Scheme 2026, subject to shareholder approval. Furthermore, Ms. Priya Mathilakath was appointed as the Chief People Officer (CPO), effective April 1, 2027, succeeding Mr. Swadesh Behara who will superannuate.
Mr. Ajoy Chawla, Managing Director, commented on the strong opening quarter, highlighting the 40% YoY growth in consumer businesses, driven by innovation and design differentiation across Jewellery, Watches, and EyeCare. He also acknowledged the agility required to navigate market challenges, including gold price fluctuations and duty structure changes.
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