Titan FY26 revenue rises to Rs 88,136 crore as gold jewellery demand lifts jewellery sales

Titan’s revenue jumped in FY26 as gold prices climbed and jewellery demand stayed firm. The watch and jewellery maker said higher gold rates alone added nearly Rs 20,000 crore, or about USD 2.2 billion, to the topline within one financial year. The Tata group-managed firm called FY26 a landmark year, supported by larger average bills.

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The company reported sales of Rs 76,797 crore in FY26, marking 34.4 per cent growth. Consolidated revenue stood at Rs 88,136 crore, or nearly USD 9.3 billion. The financial year ended on March 31, 2026. Jewellery remained the centre of the business mix during the year.

Titan jewellery segment drives FY26 revenue

Titan’s jewellery segment delivered Rs 79,660 crore in FY26. That was more than 90 per cent of consolidated income. The company said jewellery stayed the main growth driver. It cited strong consumer demand for gold jewellery. It also noted higher ticket-size purchases across key categories.

Titan said its jewellery business recorded steady quarter-on-quarter sales gains in FY26. Revenue rose 19 per cent in Q1 and 21 per cent in Q2. Growth accelerated to 42 per cent in Q3 and 50 per cent in Q4. Titan said rising average selling prices supported the results.

"Growth was primarily driven by a healthy double-digit increase in average selling prices ASPs, while strong customer preference for gold jewellery led this segment of the portfolio to grow in the mid-thirties, it said.\" The company also pointed to coins demand. \"For the 2 nd consecutive quarter, coins grew strongly and nearly tripled in value compared to Q4 FY25, said Titan.\"

Titan FY26 milestone and FY27 outlook

\"FY26 has been a landmark year for Titan. We had crossed the Rs 50,000 crore annual revenue milestone in FY25 after nearly 40 years. The next Rs 25,000 crore has been remarkably achieved in a single year of FY26, said its Managing Director Ajoy Chawla.\" \"This is a reflection of the enduring strength of its brands and the trust of our consumers, he added.\"

Titan flagged risks for FY27 despite the FY26 performance. \"As we step into FY27 with optimism on the back of an exceptional FY26 performance, we are conscious of the macro volatility and fragile geopolitical situations that necessitate all-around agility to respond effectively to grow our businesses, he said.\" The company linked this caution to global uncertainty.

Titan watches business share and retail position

Titan began on July 26, 1984, as a watchmaking company. In FY26, watches brought in Rs 5,267 crore. That was around 6 per cent of total revenue for the year. The company also said it is India’s leading organised jewellery retailer. It estimated market share at about 8.5 per cent.

Titan jewellery expansion through acquisitions and overseas stores

Titan is a joint venture between the Tata Group and the Tamil Nadu Industrial Development Corporation TIDCO. In 1994, it expanded into categories such as jewellery with Tanishq. It now owns jewellery brands including Tanishq, Mia and Zoya. The company has also used acquisitions to widen its reach.

Titan acquired brands through both organic and inorganic routes. It took a 98 per cent stake in Caratlane in 2023. Caratlane sells contemporary, affordable, everyday-wear jewellery. Titan also bought a majority stake in Damas Jewellery in July last year. Damas is based in the UAE and operates across GCC countries.

Titan said its overseas push includes stores aimed at the Indian diaspora. The company now has over 20 stores of its flagship brand Tanishq worldwide. FY26 results showed jewellery driving most revenue, while watches stayed a smaller share. Titan said it is entering FY27 with optimism, while watching macro and geopolitical risks.

With inputs from PTI