Titan Q4FY26 PAT up 35% to ₹1,179 cr; Damas drives international jewellery 2.7x
Total income climbed 46% YoY to ₹20,300 cr as jewellery revenue jumped 50% to ₹18,195 cr. International jewellery surged 174% to ₹1,081 cr on 123 new Damas stores. Watches grew 8%, EyeCare 17%, while smartwatch value halved. Net 27 India jewellery stores added across Tanishq, Mia, CaratLane.
What happened
Titan Company · Titan's Q4FY26 PAT rose 35% to ₹1,179 cr on ₹20,300 cr income (+46%). Jewellery surged 50% with Damas boosting international 174%. Watches grew
Key facts
- Total Income ₹20,300 cr (+46% YoY)
- PAT ₹1,179 cr (+35% YoY)
- Jewellery revenue ₹18,195 cr (+50%)
- India jewellery ₹17,114 cr (+46%)
- International jewellery ₹1,081 cr (+174%)
- Watches ₹1,222 cr (+8%)
- EyeCare ₹227 cr (+17%)
- 27 net new India jewellery stores
- 123 Damas stores added
- Smart Watches value down ~50%
Why this matters
Damas acquisition is delivering outsized ROI at 174% segment growth, suggesting further GCC-region jewellery roll-ups or adjacent lifestyle M&A could compound the international playbook.