Titan Company (TITAN) investor relations material

Executive summary

• Strong festive quarter with robust demand and 40% YoY consolidated revenue growth, led by record jewellery sales and growth across watches and emerging businesses.

• Jewellery business delivered its highest-ever quarterly revenue, with robust growth in both domestic (up 41-42%) and international markets (up 83%).

• Watches and EyeCare segments maintained double-digit growth, supported by new launches and premiumization.

• Launched beYon, a lab-grown jewellery brand, and completed a 67% acquisition of Damas Jewellery post-quarter, expanding international presence.

• Labor Code impact accounted as an exceptional item: INR 152 crore consolidated, INR 138 crore standalone.

Financial highlights

• Q3FY26 consolidated total income reached ₹25,567 crore, up 40% YoY; EBIT: ₹2,657 crore, up 63% YoY; EBIT margin improved to 10.8%.

• Profit after tax: ₹1,684 crore, up 61% YoY; PAT margin at 6.6-6.8%.

• 9MFY26 consolidated total income: ₹61,032 crore, up 33% YoY; EBIT: ₹6,207 crore, up 54%.

• Jewelry segment saw significant growth, with January also performing well.

• CaratLane achieved low double-digit EBIT margin, aided by revenue growth and cost management.

Outlook and guidance

• Management remains optimistic about sustained growth, focusing on innovation, customer engagement, premiumization, and expansion into new geographies and segments.

• Too early to provide guidance for the rest of Q4 due to gold price volatility.

• Directionally aiming to increase business through jewelry purchase plans and gold exchange programs.

• Strategic investments in new brands and international acquisitions to drive future growth.

• CaratLane expected to maintain low double-digit EBIT margin.