Jeweller and watchmaker Titan Company Ltd on August 7 reported 34% increase in standalone net profit at Rs 1,030 crore for the quarter ended June 30, 2025. The firm reported standalone net profit of Rs 770 crore in the year-ago period.
The firm's bottom line exceeded estimates as a Moneycontrol poll of five brokerages pegged it at Rs 893 crore.
The firm's standalone revenue rose 21% to Rs 14,564 crore in Q1FY26 as against Rs 12,053 crore a year ago.
On August 7, Titan Company Ltd's shares on BSE closed 0.5% lower at Rs 3,402 apiece. Titan is home to Tanishq and CaratLane brands.
CK Venkataraman, Managing Director, said: "QlFY26 has been an encouraging start to the fiscal year with 21% consolidated revenue growth, demonstrating the strength of our diversified business model. Our Jewellery business continues to show remarkable resilience despite headwinds from elevated gold prices. Consumer confidence in gold as both adornment and store of value remains intact, supporting our market leadership position. Watches delivered one of its best-ever quarters, achieving exceptional performance in both revenue growth and margins. This validates our premiumization strategy and the strong consumer connect our brands have established.
"EyeCare has been clocking three quarters of double-digit growth, and we are confident of accelerating this momentum in the coming quarters as we expand our reach and enhance our product offerings. Our Emerging brands of SKINN, IRTH and Taneira have made substantial progress in optimizing their business mix and are well-positioned to capture greater market share. Our international operations continue to deliver strong growth, opening new avenues for expansion. We remain optimistic about our growth trajectory and our ability to create long-term value across all business segments."
Business Performance:
Jewellery: Total Income for the quarter grew 19% over Q1FY25 to Rs 12,797 crore. The lndia business of Tanishq, Mia and Zoya (together) grew 18% to Rs 11,217 crores and CaratLane clocked a strong 39% growth to Rs 1,026 crore in the same period. The International jewellery business grew 49% over Q1FY25 to Rs 554 crore demonstrating strong growth momentum. The Jewellery portfolio (together) recorded an EBIT at Rs 1,408 crore for the quarter at a margin of 11%.
"High gold prices and challenging market conditions saw customers gravitate toward gold purchases driving better growths in gold jewellery and coins, vis-a-vis studded. Ticket size improvement largely offset the impact of elevated gold prices on customer traffic in the quarter. CaratLane's targeted gold coin promotion saw excellent consumer response driving healthy customer acquisition. The International Jewellery business clocked healthy double-digit growths in both UAE and North America regions achieving its first ever profitability," said the company in a stock exchange filing.
Watches: The Tata group company said the watches business had an 'exceptional' quarter recording a growth of 24% over Q1FY25 achieving a Total Income of Rs 1,273 crore, EBIT came in at Rs 287 crore clocking 22.6% margin for Q1FY26.
Eye Care: The Total Income of Rs 238 crore in Q1FY26 grew 13% over Q1FY25. Business recorded an EBIT of Rs 20 crore clocking a margin of 8.4% for the quarter. Driven by seasonal trends during the quarter, sunglasses growth significantly outpaced prescription products (lenses and frames). The Division added a new store in Sharjah, UAE during the quarter. In India, network optimisation continued with 20 store closures (net).
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