Titan Company has announced a final dividend of Rs 15 per equity share for the fourth quarter, following a robust financial performance in the fiscal year ended March 2026. The Tata Group-backed firm reported significant growth across key metrics, with its consolidated total income breaching the Rs 75,000 crore mark for the first time.
Fiscal Year 2026 Highlights
For the full fiscal year 2026, Titan Company's consolidated total income climbed an impressive 33 percent year-on-year, reaching Rs 76,078 crore. This substantial revenue growth translated into a 52 percent increase in profit after tax, which stood at Rs 5,073 crore. The company had previously crossed the Rs 50,000 crore annual revenue milestone in FY25, highlighting an accelerated growth trajectory.
Q4 Performance Overview
In the fourth quarter of FY26, Titan recorded a 35 percent year-on-year rise in net profit, amounting to approximately Rs 1,179 crore. Revenue from operations saw a sharp increase of 77.6 percent year-on-year, reaching Rs 23,934 crore, primarily driven by strong traction in the jewellery business. However, the EBITDA margin for the quarter saw a decline to 7.2 percent from 10.7 percent in the year-ago period, despite EBITDA climbing 19.3 percent to Rs 1,715 crore.
Segmental Performance
- Jewellery: The jewellery portfolio was a major growth driver, expanding by 50 percent year-on-year to around Rs 18,195 crore during the quarter, excluding bullion and digi-gold sales, even amidst elevated gold prices.
- Watches: The analogue watches segment grew by 15 percent, supported by premiumisation efforts. Conversely, the smartwatches category experienced a nearly 50 percent decline in overall value due to falling volumes, although partially offset by improved average price realisations.
- Eyecare: The eyecare segment also demonstrated healthy growth, with its total income rising 17 percent year-on-year to Rs 227 crore.
Strategic Expansion and Market Reaction
During Q4, Titan Company also completed the acquisition of a 67 percent stake in Damas Jewellery, a strategic move aimed at strengthening its presence in the Gulf region. Following the earnings announcement, Titan stock closed 4.76 percent higher at Rs 4,513.40 on Friday, pushing the firm's market capitalization to Rs 4 lakh crore. Rekha Jhunjhunwala, wife of the late investor Rakesh Jhunjhunwala, held a 5.31 percent stake, or 4.71 crore shares, in Titan Company as of the quarter ended March 2026.