Titan Q4 Results: Titan Company announced its January-March quarter results for fiscal 2025-26 (Q4FY26) on Friday, May 8, reporting a rise of 35% in consolidated net profit to Rs 1,179 crore, compared to Rs 871 crore in the corresponding period last year. The surge in bottom line came as higher costs overcame demand for gold ornaments and coins. India's top jeweller's top line or revenue from operations in the March quarter of FY26 nearly doubled and surged 80% to Rs 26,920 crore, compared to Rs 14,916 crore in the year-ago period.
Titan, home to the Tanishq and CaratLane jewellery brands, declared a final dividend of Rs 15 per share for FY26. ''The Board has recommended a dividend of Rs 15.00 per equity share of Rs 1 each of the company 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,'' said Titan.
Titan Company Q4 Results: (Cons, YoY)
- Net profit up 35.4% to Rs 1,179 crore Vs Rs 871 crore Vs Estimate of Rs 1,270 crore
- Revenue up 80.5% At Rs 26,920 crore Vs Rs 14,916 crore Vs Estimate Of Rs 18,854 crore
- EBITDA up 26% to Rs 1,937 crore Vs Rs 1,537 crore Vs Estimate Of Rs 2,062 crore
- EBITDA margin to 7.19% Vs 10.3% YoY Vs Estimate Of 11%
Gold prices rallied over the last 12 months, with geopolitical and macroeconomic uncertainty contributing to inflation fears and a weak growth outlook. That posed a threat to jewellers' margins, even as demand for gold ornaments and coins held steady with more consumers visiting Titan's stores. Higher raw material costs and increased advertising spending pushed Titan's total expenses 85% YoY.
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