Titan Q4FY26: Tata Group’s Titan Company is set to announce its March quarter results today. Besides, State Bank of India, Hyundai Motor India Ltd, Bank of Baroda, Tata Consumer Products Ltd, Swiggy Ltd and Multi Commodity Exchange of India Ltd will also be declaring their results.
At 10:33 AM, shares of Titan Company were trading at Rs 4298.30, down 0.24 per cent from the previous close. It is expected that the Tata Group company will be posting strong quarterly numbers with strong profit and revenue.
– Standalone YoY: Good show seen
– Revenue seen at Rs 17,912 cr vs Rs 13,477 cr, up 33%
– EBITDA seen at Rs 1920 cr vs Rs 1438 cr, up 33.5%
– PAT seen at Rs 1296 cr vs Rs 870 cr, up 49%
– Margin seen flat at 10.7% vs 10.6%
– Jewellery EBIT margin seen ~11%
– LFL growth across combined jewelry formats ~48% YoY (vs low 30s in Q3) (strong) Tanishq, Mia, Zoya, beYon up 47% YoY
– Caratlane up 24% YoY (strong)
– Studded grew strongly in early thirties YoY.
– Plain gold grew in thirties YoY.
– Gold coins nearly tripled in sales YoY.
– 27 new store additions: 8 Tanishq, 14 Mia, 5 Caratlane.
Watches: overall growth of 7% YoY (weak)
EyeCare: overall growth of 16% YoY
Emerging biz: Overall growth of 17%
Q4 Store addition: 170 (127 stores of Damas network were added to Titan’s network in Q4), otherwise 43
-Impact on GCC biz due to ME war
-Demand impact due to higher gold prices
-Commentary on response to recent LGD launch- BeYon
-Outlook on gold and diamond prices
-Profitability across segments
-Competitive intensity & product mix
For the quarter ended Q3 FY26, Titan reported a consolidated net profit (PAT) of Rs 1470 crore, marking a solid year-on-year growth of 48.5 per cent compared with Rs 990 crore in the same period last year.
Revenue from operations came in at Rs 22,520 crore, up 39.9 percent from Rs 16097 crore recorded in Q3 FY25. The healthy topline growth reflects improved consumer sentiment and higher traction in key product categories during the festive and wedding season.
Operating performance also strengthened meaningfully. EBITDA for the quarter rose to Rs 2334 crore from Rs 1510 crore a year ago, translating into a sharp 54.6 percent jump on a yearly basis. The improvement highlights better cost management and operating leverage as volumes picked up.
Jewelry Business: Record growth despite rising gold prices
Titan’s largest business, the jewelry segment, performed exceptionally well this quarter. The jewelry business grew 42 per cent to Rs 22517 crore. Despite high gold prices, people shopped heavily during the Diwali and wedding seasons. Brands like Tanishq, Mia and Zoya together saw 40 per cent growth.
The company also entered the lab-grown jewelry segment under the name ‘beYon’.
– The watch segment grew 14 per cent to Rs 1295 crore, driven by gifting and a growing interest in analog watches. However, demand for smartwatches declined by 27 per cent. Titan also launched premium watches like the ‘Stellar 3.0’ during this period.
– Demand for eyeglasses and lenses led to 18 per cent growth in this segment, with revenue reaching Rs 231 crore.
Titan’s other smaller brands, such as Taneira (saris), fragrances, and women’s bags, also saw double-digit growth. The perfume segment grew 24 per cent, while Taneira sales increased 7 per cent.
Ajay Chawla, Managing Director of Titan, said, “Customers showed strong interest in our entire portfolio during the festive season. The company’s strong presence in the premium segment and new innovations will continue to drive growth in the future.”
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
