Along with the earnings, Titan’s Board also recommended a dividend of Rs 15 per equity share, which shall be paid within seven days from the conclusion of the 42nd Annual General Meeting, subject to the approval of the shareholders of the company.
The company’s Earnings Before Interest and Taxes (EBIT) stood at Rs 1,875 crore in the quarter under review, rising 28% over 1,470 crore in Q4FY25.
Segment performance
Jewellery
Building on its strong Q3 momentum, the jewellery business recorded another exceptional quarter of 50% growth over the year-ago period. New collections and continued strength of Titan’s exchange programs powered robust 35% growths in each of gold and studded product portfolios. Consumer confidence in gold as both an adornment and a store of value remained intact (despite record high prices and volatility in the quarter), translating into healthy buyer engagement.
The International Jewellery business (with the addition of Damas Jewellery), clocked double-digit retail growth across GCC and North America, despite multiple disruptions due to the ongoing geopolitical situation in the Middle East region.The business achieved an EBIT of 1,820 crores at a margin of 10%. Within this, the India business clocked an EBIT of Rs 1,902 crores at 11.1% margin.Tanishq, Mia and Zaya business (combined) recording EBIT of 1,813 crores at 11.3% margin, while Caratlane (domestic) recording an EBIT of Rs 89 crores at 8.4% margin. The international jewellery business (including Damas) recorded a loss of Rs 82 crores for the quarter.
Watches
The watch business achieved a total income of Rs 1,222 crores for the quarter, growing 8% over Q4FY25 and achieving an EBIT of Rs 143 crores at 11.7% margin. Business added 30 new stores (net) in the quarter, consisting of 17 stores in Titan World, 7 stores in Fastrack, 4 stores in Helios and 2 stores in Helios Luxe.
EyeCare
Domestic eyecare business achieved total income of Rs 227 crores in Q4FY26, growing 17% over Q4FY25 and recording an EBIT of Rs 21 crores at 9.2% margin. Store optimisation efforts continued in the quarter with 37 refurbishments/renovations,12 new store openings and 32 closures in this period.
Also read: SBI Q4 Results: Standalone profit rises 6% YoY to Rs 19,684 crore, beats estimates
Emerging Businesses
The Emerging Businesses, comprising SKINN Fragrances, IRTH Women’s Bags and Indian Dress Wear (Taneira), saw varying growth trajectories across individual businesses. Fragrances maintained its strong volume momentum across both the Skinn and Fastrack perfume lines, IRTH Women’s Bags witnessed robust volume growth and continued to gain in brand salience, whereas Taneira’s revenue was flattish for the quarter. Total Income for all the businesses (combined) for Q4FY26 grew 20% to Rs 123 crores and recorded a loss of Rs 5O crores for this period.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
