Titan, Tata Group’s jewellery-to-eyewear brand, announced its June quarter performance today, reporting a strong 52.5% YoY jump in its consolidated net profit to ₹1,091 crore in Q1, topping analysts’ consensus estimates of ₹893 crore, led by steady demand in its jewellery business segment.

The consolidated revenue from operations during the reporting quarter stood at ₹16,523 crore, marking a 24.6% increase compared to ₹13,266 crore reported in the same period last year. At the operating level, EBITDA rose 46.7% YoY to ₹1,830 crore, with the margin expanding by 170 basis points to 11.1%.

The jewellery segment, which accounts for over 80% of the company’s revenue, recorded a growth of 19% YoY to ₹11,217 crore (excluding bullion and digi-gold sales), driven by healthy growth in its India business. Tanishq, Mia, and Zoya together recorded an 18% growth to ₹10,264 crore, while CaratLane posted a strong 39% growth to ₹1,026 crore during the same period.

The international jewellery business grew even stronger, with revenue rising 49% YoY to ₹554 crore. The Jewellery portfolio (together) recorded an EBIT at ₹1,408 crore for the quarter at a margin of 11%.

In the watches segment, the business had an exceptional quarter, recording 24% growth over Q1FY25 with total revenue reaching ₹1,273 crore.

The eyewear business posted a total income of ₹238 crore in Q1FY26, reflecting a 13% YoY growth, and the emerging businesses segment, which includes Indian dress wear under Taneira, fragrances, and women’s fashion accessories (F&FA), recorded a total revenue of ₹108 crore, marking a 35% growth compared to Q1FY25.

International jewellery business turns profitable

The company said that high gold prices and a challenging market environment led customers to gravitate toward gold purchases, resulting in stronger growth in gold jewellery and coins compared to studded offerings.

It added that an improvement in ticket sizes helped offset the impact of elevated gold prices on overall customer traffic during the quarter. According to the company, CaratLane’s targeted gold coin promotion received an excellent consumer response, driving strong customer acquisition. The international jewellery business delivered healthy double-digit growth in both the UAE and North America markets, achieving profitability for the first time.

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