Titan Company Ltd.Record Q4 Growth with Buyer Recovery

Titan Company delivered its best-ever quarterly top-line growth in Q4 FY26, marking a superlative end to the fiscal year.

The jewellery division witnessed a remarkable buyer growth recovery of 8% after nine months of stagnation, driven by FOMO buying as gold prices climbed and advanced wedding purchases. The successful gold exchange campaign, integrated across all new collection launches, proved instrumental in driving footfalls. Titan gained 50-60 basis points in market share during FY26, validating its competitive positioning. CaratLane grew 22-23% while Watches expanded 14% for the full year, with analog watches now comprising 85-90% of the portfolio.

International business achieved operating profitability for the first time despite an ₹82 crore Q4 loss from GCC disruptions. Management maintained a confident 15-20% medium-term revenue growth outlook supported by industry formalization tailwinds, while acknowledging margin pressures from elevated gold prices. The domestic jewellery EBIT margin band of 11-11.5% is deemed sustainable if gold prices stabilize, with growth prioritized over margin expansion.