Titan Company's board has recommended a dividend of Rs 15 per share, alongside reporting a significant financial performance for the fourth quarter and the full fiscal year 2026. The company officially crossed the Rs 75,000 crore revenue mark, achieving a consolidated total income of Rs 76,078 crore for FY26.
Strong FY26 Performance Driven by Key Segments
For the full fiscal year 2026, Titan Company saw its consolidated total income surge by 33% to Rs 76,078 crore. This impressive growth translated into a 52% increase in profit after tax, reaching Rs 5,073 crore.
In the fourth quarter (Q4) alone, Titan reported a 35% year-on-year rise in net profit, amounting to approximately Rs 1,179 crore. Revenue from operations for Q4 grew by 77.6% year-on-year to Rs 23,934 crore, primarily bolstered by robust traction within its jewellery business. However, the EBITDA margin for the quarter saw a decline to 7.2% from 10.7% in the prior year, despite EBITDA climbing 19.3% to Rs 1,715 crore.
Segmental Growth Highlights
- Jewellery: The jewellery portfolio demonstrated exceptional growth, expanding by 50% year-on-year to approximately Rs 18,195 crore in Q4, excluding bullion and digi-gold sales, even amidst elevated gold prices.
- Watches: The analogue watches segment recorded a 15% growth, benefiting from a premiumisation trend. However, the smartwatches category experienced a nearly 50% decline in overall value, partially offset by improved average price realisations.
- Eyecare: This segment contributed to the overall income growth with a 17% year-on-year increase, reaching a total income of Rs 227 crore.
Strategic Growth and Shareholder Returns
The company highlighted its rapid revenue expansion, noting it took just one year to generate over Rs 25,000 crore in revenue, following its achievement of the Rs 50,000 crore annual revenue milestone in FY25 after 40 years of operation.
Rekha Jhunjhunwala, wife of the late investor Rakesh Jhunjhunwala, held a 5.31% stake in Titan Company, equating to 4.71 crore shares, during the quarter ended March 2026. Following the earnings announcement, Titan stock closed 4.76% higher on Friday at Rs 4,513.40, pushing the firm's market capitalization to Rs 4 lakh crore.
In Q4, Titan also completed the acquisition of a 67% stake in Damas Jewellery, a strategic move aimed at strengthening its presence in the Gulf region.