Titan Company reports a 40% rise in Q1 FY27 consolidated income to ₹20,753 crore

Titan Company has started financial year 2026-27 on a strong note, reporting a 40% year-on-year increase in consolidated total income to ₹20,753 crore for the quarter ended June 30, 2026. The company attributed the performance to strong festive and Akshaya Tritiya demand, premiumisation across categories, and healthy growth in its international operations.

Consolidated profit after tax rose 63% to ₹1,777 crore in Q1 FY27, compared with ₹1,091 crore during the corresponding quarter last year. Profit before tax increased 64% to ₹2,429 crore, indicating broad-based improvement across Titan’s consumer businesses.

Jewellery remained the company’s primary growth engine during the quarter. The segment recorded 43% growth, supported by strong consumer demand across Titan’s leading brands and continued momentum in premium jewellery. The performance was aided by festive purchases and Akshaya Tritiya, which helped drive store traffic and conversions during the quarter.

The Watches and Wearables business also delivered a healthy performance, with income rising 21% year on year. Titan’s EyeCare business grew at a similar pace, reflecting continued demand across the company’s lifestyle and consumer categories.

International operations emerged as another important contributor to the quarter’s performance. Titan’s international business recorded strong growth, supported by expansion in overseas markets and rising demand for its jewellery brands. The company continued to add stores during the period, strengthening its retail presence in India and international locations.

Titan’s reported results also reflected the impact of changes in customs duty on gold. Analysts noted that the company recorded a benefit of approximately ₹407 crore following the increase in gold import duties in May 2026. Excluding the customs duty impact, adjusted profit before tax still increased 37%, highlighting the underlying strength of the business.

Commenting on the results, Titan Managing Director Ajoy Chawla described Q1 FY27 as a strong opening quarter, with the company’s consumer businesses recording 40% growth. The company’s performance suggests that premiumisation, brand strength, and festive-led consumption continue to support demand across its jewellery, watches, and EyeCare portfolio.