Titan Company Limited share price

NSE: TITAN · BSE: 500114 · ISIN INE280A01028

Key numbers

Market cap
₹ 4,33,363 Cr
Current price
₹ 4,884.00
52-week high / low
₹ 5,187 / 3,303
Stock P/E
74.6
Book value
₹ 176.9
Dividend yield
0.31%
ROCE
20.3%
ROE
37.1%
Debt to equity
1.95
Sales growth (3 yrs)
29.2%
Profit growth (3 yrs)
16.0%
1-year return
42.9%

About Titan Company Limited

Titan Company Limited, together with its subsidiaries, manufactures and sells watches, jewelry, eyewear, fragrances, women's bags, and other accessories and products in India and internationally. The company operates through four segments: Watches and Wearables, Jewellery, Eyecare, and Others. The company designs, manufactures, and retails watches and wearables under the Nebula, Titan, Titan Clock, Zoop, Titan Octane, Titan Raga, Xylys, Edge, Fastrack, Sonata, Titan Smart, Fastrack smart, SF, Titan World, and Helios brands; jewellery products under the Mia, CaratLane, Tanishq, and Zoya brands; and eyecare products under the Titan Glares, Titan Eye+ and Fastrack Eyecare brands. It also offers sarees, dress materials, and ready-to-wear kurtas under the Taneira brand; perfumes under the SKINN brand; belts and wallets under the TITAN brand; and bags under the Fastrack and IRTH brands. In addition, the company provides manufacturing services and automation solutions for the aerospace, defense, transportation, electrical and electronics, and medical sectors. Further, it provides automation and precision engineering solutions. It offers its products through owned and franchised retail…

Quarterly results

Consolidated figures in ₹ crores

Mar 2025Jun 2025Dec 2025Mar 2026Jun 2026
Sales13,89714,81424,91520,60720,787
Operating profit1,5371,8302,7131,9372,890
Net profit8711,0911,6841,1791,777
EPS (₹)9.8212.3018.9813.3820.03

Concall summary (2026-08-11)

AI summary of the earnings call transcript · tone: Positive · source document

Guidance & outlook

  • If I may add, if you're looking for what is that we are targeting, we are targeting, as always, a double-digit aggressive growth, and that's something which we shared even in the Investor Day.
  • Overall, long term, growth is on a very strong wicket, but the normalized margin would be gradually gravitating towards 12% to 15%, 16%.

Growth & demand

  • And we've also seen a good volume growth and a buyer growth that has come in.
  • The second bit was buyer growth of 5% when gold prices are stable.

Margins & costs

  • While these gains will be realized as the inventory gets sold over the next couple of quarters, but in this quarter, we had overall at a consolidated level realization of ₹407 crores, ₹386 crores was in Tanishq Mia Zoya portfolio and ₹21 crores was in CaratLane.
  • So the normalized margin considering both custom duty gain and MTM gain, the normalized EBIT margin for our Tanishq Mia Zoya business would be 10.9%, the number for this quarter.

Capex & expansion

  • And we also think that it could be a way to acquire new customers, those in need for money and have gold with them.
  • In a scenario like that, we would certainly go all out to acquire buyers and use that to drive growth because fundamentally, our approach to the business is an optimistic one, an d it is one to drive overa ll growth, like Ajoy mentioned.

Risks & challenges

  • The other significant item during this quarter was that as sudden and sharp customs duty changed and many other steps are being taken, the market went into quite, I would say, volatility where international prices and domestic prices were at a divergence a t many times.
  • And we were also advancing our gold procurement to secure that we are fully equipped to meet our festive demand and prod uction without any disruptions.

Peers in Luxury Goods

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