Titan Q4 FY26 net profit jumps 35% to Rs 1,179 crore; shares hit 52-week high

Titan posted a 35% YoY rise in Q4 FY26 net profit to Rs 1,179 crore as jewellery and premium watch demand drove total income up 46% to Rs 20,300 crore. The board declared a Rs 15/share dividend and shares rallied 7% to a 52-week high. Retail footprint expanded via the Damas acquisition.

— FiledMon, 29 Jun, 2026, 22:53 IST·First seen Mon, 29 Jun, 2026, 22:48 IST·Source ET Small Business

What happened

Titan's Q4 FY26 net profit rose 35% YoY to Rs 1,179 crore on strong jewellery and premium watch demand; income up 46% to Rs 20,300 crore. Board declared Rs 15

Key facts

  • Q4 FY26 net profit Rs 1,179 crore
  • +35% YoY profit
  • total income Rs 20,300 crore
  • +46% income
  • dividend Rs 15/share
  • shares +7% to 52-week high

Why this matters

The Damas acquisition expanding retail footprint shows Titan's inorganic appetite, suggesting further bolt-on regional jewellery deals could be on the table for partnership or target discussions.

What to watch

  • Gold price trajectory and import duty changes
  • Studded jewellery ratio in next quarterly mix
  • Damas acquisition revenue contribution and integration costs
  • Same-store sales growth vs new-store-led growth split
  • Competitive moves from Kalyan, Senco, and regional jewellers
  • Accelerate Damas store integration and GCC expansion to capture NRI and Gulf jewellery demand
  • Push studded jewellery mix and CaratLane online to defend gross margins against gold inflation
  • Expand premium watch and eyewear segments to diversify beyond gold exposure
  • Brokerages likely to raise FY27 target prices citing income beat

Also reported by