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Informist, Tuesday, Feb. 10, 2026

 

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--Titan Oct-Dec net profit INR 14.70 bln 
--Analysts saw Titan Oct-Dec net profit at INR 15.43 bln 
--Titan Oct-Dec revenue INR 225.22 bln 
--Analysts saw Titan Oct-Dec revenue at INR 224.97 bln 
--Titan Oct-Dec net profit INR 14.70 bln vs INR 9.90 bln year ago 
--Titan Oct-Dec revenue INR 225.22 bln vs INR 160.97 bln year ago 
--Titan Oct-Dec labour code implementation cost INR 1.38 bln 
--Titan Oct-Dec profit excluding exceptional cost INR 16.08 bln 
--Titan Apr-Dec net profit INR 35.06 bln vs INR 24.65 bln year ago 
--Titan Apr-Dec revenue INR 536.20 bln vs INR 413.65 bln year ago 
--Titan Oct-Dec consol EBIT INR 26.57 bln vs INR 16.27 bln year ago 
--Titan Oct-Dec consol EBIT margin 10.8% vs 9.3% year ago 
--Titan Oct-Dec jewellery revenue INR 209.27 bln vs INR 146.97 bln yr ago 
--Titan Oct-Dec watches revenue INR 12.84 bln vs INR 11.28 bln yr ago 
--Titan Oct-Dec eyecare revenue INR 2.29 bln vs INR 1.94 bln yr ago 
--Titan Oct-Dec India jewellery EBIT INR 23.65 bln vs INR 14.87 bln year ago 
--Titan Oct-Dec India jewellery EBIT margin 11.0% vs 9.7% year ago 
--Titan: Net added 10 Tanishq stores in India in Oct-Dec 
--Titan: Oct-Dec CaratLane revenue INR 15.37 bln, up 42.3% on year 
--Titan: CaratLane net added 24 stores in India in Oct-Dec

 

By Shakshi Jain

 

MUMBAI – Titan Co. Ltd. Tuesday reported a sharp year-on-year jump in its standalone net profit for the December quarter but missed analysts' consensus estimate due to a one-time cost on account of the changes arising from the new labour codes. The company's year-on-year bottom line growth outpaced the top line growth as total expenses of the company rose slightly slower than the revenue for the reporting quarter. It was the company's highest on-year net profit growth in four quarters. Before that, the company's net profit had declined year-on-year for three straight quarters.

 

The company's standalone revenue for the December quarter also logged strong double-digit year-on-year growth, led by a handsome jump in contribution from the jewellery business. It was the company's highest on-year revenue growth in 14 consecutive quarters. The top line of company comfortably surpassed the Street's estimate for the quarter under review.

 

Titan's standalone net profit for the December quarter rose over 48% on year and over 46% sequentially to INR 14.70 billion. The company's year-on-year bottom line growth for the reporting quarter was limited due to a one-time cost of INR 1.38 billion due to an increase in gratuity and leave-related obligations of the company, prompted by the new labour codes. In the absence of this one-time cost, Titan's standalone net profit for Oct-Dec would have been INR 16.08 billion, the change in tax notwithstanding. This is higher than the Street's expectation of INR 15.43 billion as bottom line for the December quarter.

 

The company's standalone revenue from operations for the December quarter rose nearly 40% on year and over 36% sequentially to INR 225.22 billion. This is above the analysts' consensus estimate of INR 224.97 billion for the December quarter.

 

Revenues from the company's jewellery segment rose over 42% on year to INR 209.27 billion in the December quarter. It accounted for more than 92% of the company's total standalone income for the quarter. During the quarter, Titan sold gold-ingots aggregating INR 3.78 billion, the company said. Revenue contribution from the watches business rose slightly to INR 12.84 billion in the December quarter from INR 11.28 billion a year ago. The eyecare segment added INR 2.29 billion to the company's top line for the December quarter, up from INR 1.94 billion in the corresponding quarter of FY25.

 

Of the 49 net new store additions in Oct-Dec, 47 net new stores were added in India comprising 24 in Caratlane, 11 in Mia, 10 in Tanishq, 1 in Zoya and 1 in beYon, respectively, the company said in a press release. Further, Tanishq also added two new stores in the US -- Boston and Orlando -- during the quarter.

 

Total expenses of the company rose just over 38% on year and around 35% sequentially to INR 205.80 billion in the December quarter. It was led by a 66% year-on-year jump in cost of materials and components consumed at INR 145.88 billion for the quarter. Titan's expenses tied to the purchase of stock-in-trade rose nearly 64% on year in Oct-Dec to INR 25.39 billion.  

 

 

The company's earnings before interest and tax were INR 26.57 billion for the December quarter, up 63% on year, while its consolidated EBIT margin was 10.8%, up 155 basis points on year. The company's eyecare segment revenue was INR 2.29 billion, up over 18% on year. 

 

Titan's Indian jewellery segment clocked an EBIT of INR 23.65 billion for the December quarter, up from INR 14.87 billion in the year-ago period. Its Indian jewellery segment's EBIT margin was at 11% for the December quarter, up from 9.7% the year-ago period. CaratLane, omni-channel jeweller owned by Titan, reported a revenue of INR 15.37 billion, up 42.3% on year.

 

The company's nine-month (Apr-Dec) standalone net profit was INR 35.06 billion, up over 42% on year. Its nine-month revenue was INR 536.20 billion, up nearly 30% on year. 

 

Shares of the company closed at INR 4,269.10 apiece on the National Stock Exchange, up 0.27% on Tuesday. The company announced its earnings after market hours.  End

 

Edited by Deepshikha Bhardwaj

 

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