Titan Q4 Results: Profit beats estimates at Rs 870 crore; revenue jumps 20% YoY, jewellery shines with 25% growth

Tata Group’s lifestyle major Titan Company delivered a strong set of Q4 results on May 8, comfortably beating Zee Business estimates on both revenue and net profit. The firm posted a consolidated net profit of Rs 870 crore, up 11 per cent YoY from Rs 786 crore in Q4FY24, against the Zee Business estimate of Rs 836 crore. The consolidated revenue surged 20 per cent YoY to Rs 13,477 crore, surpassing the projection of Rs 13,060 crore.

The key highlight was the jewellery segment, which clocked 25 per cent YoY growth to Rs 11,232 crore, in line with Zee Business projections. Strong demand during the wedding season, Tanishq’s sustained brand pull, and a healthy mix of gold and studded jewellery lifted the division. Titan reported 30 per cent growth in gold jewellery and coins, while studded jewellery rose 12 per cent, aided by a rebound in solitaires.

Other verticals also outperformed expectations.

• Watches & wearables revenue grew 20 per cent YoY to Rs 1,126 crore, nearly matching the 22 per cent growth estimate.

• Eye-care business clocked Rs 193 crore, up 16 per cent YoY, just shy of the 19 per cent projection.

• CaratLane and other emerging businesses also contributed, with emerging verticals growing 5 per cent YoY to Rs 102 crore.

Operating metrics remained stable. EBIT for the quarter grew 23 per cent YoY to Rs 1,470 crore, while margins held at 10.2 per cent, in line with Zee Business expectations. Despite elevated marketing and finance costs, Titan managed to protect profitability, indicating strong operating leverage.

The company declared a dividend of Rs 11 per share, reinforcing its healthy cash flows and confidence in future growth.

Management commentary was upbeat. MD C K Venkataraman noted that Titan crossed Rs 50,000 crore in annual revenues for the first time in FY25. He added that the company is focused on expanding market share and adapting to evolving consumer trends in FY26.

With MD Venkataraman set to retire by year-end and Ajoy Chawla named as his successor, all eyes are now on Titan’s strategy in Tier-2 and Tier-3 markets and its ability to navigate volatile gold prices.