Now Reading: Titan posts 40% rise in Q1 total income to Rs 20,212 crore
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Titan posts 40% rise in Q1 total income to Rs 20,212 crore
Titan Company reported a 40% year-on-year jump in total income to Rs 20,212 crore for Q1 FY27. Jewellery revenue rose 36% to Rs 16,943 crore, with brands Tanishq, Mia, Zoya and beYon…
The Story in Brief
Titan Company reported a 40% year-on-year jump in total income to Rs 20,212 crore for Q1 FY27. Jewellery revenue rose 36% to Rs 16,943 crore, with brands Tanishq, Mia, Zoya and beYon together growing 38%. CaratLane posted a 40% increase to Rs 1,441 crore. Watches grew 22% to Rs 1,510 crore, and EyeCare added Rs 285 crore.
International business surged 128% to Rs 1,346 crore, led by Damas in the GCC, despite geopolitical disruptions. Damas’ core revenue was Rs 396 crore; including Tanishq-converted stores it stood at Rs 550 crore. Managing Director Ajoy Chawla said the company navigated high gold prices, duty changes and geopolitical headwinds. Damas added two stores and closed three, ending June 2026 with 122 stores.
The Indian Opinion
The headline 40% growth is impressive, but it is driven by premium brands and overseas sales while high gold prices squeeze the mass buyer. Media often celebrates such numbers without asking how much of the jewellery revenue came from price hikes versus volume. The real test will be whether same-store sales at Tanishq hold up if gold prices soften. Watch the volume data in the next quarterly update.
Source: thehindubusinessline.com
This story was synthesised by AI from the source linked above.
