Consolidated revenue from operations climbed 25% year-on-year to ₹20,533 crore, supported by resilient demand across consumer lifestyle segments. Growth was largely anchored by the dominant jewellery division, where sales of higher-margin diamond-studded items surged over 30% even as lower-margin gold coin purchases dropped. Watches and eyewear units also bolstered operational performance, with the watches division delivering a 21.9% EBIT margin alongside a 27% increase in total income.
Key points
Margin performance benefited meaningfully from consumer preferences shifting away from go…: Margin performance benefited meaningfully from consumer preferences shifting away from gold coins toward diamond-studded products.
Non-jewellery lifestyle categories sustained strong profitability, led by an EBIT margin…: Non-jewellery lifestyle categories sustained strong profitability, led by an EBIT margin near twenty-two percent in watches.
Core brand portfolios including Tanishq, Mia, and CaratLane maintained solid double-digit…: Core brand portfolios including Tanishq, Mia, and CaratLane maintained solid double-digit expansion trajectories throughout the period.
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Titan, the Tata Group's jewellery-to-eyewear company, announced its September-quarter performance today, reporting a 113% year-on-year (YoY) jump in consolidated net profit to ₹2,393 crore, boosted by a one-time gain and resilient demand for higher-margin diamond-studded jewellery. The watches segment also remained a key growth driver.
In the corresponding quarter last year, the company had reported a net profit of ₹1,054 crore. On a sequential basis, net profit also improved from ₹1,777 crore reported in the June quarter.
Excluding a one-time gain of ₹671 crore from the revaluation of a financial liability, profit rose 54% YoY to ₹1,722 crore.
On the top line, the company reported consolidated revenue from operations of ₹20,533 crore during the quarter, registering a 25% YoY increase from ₹16,407 crore in the corresponding quarter last year.
The jewellery segment, which accounts for over 80% of the company's revenue, recorded 24% YoY growth to ₹17,495 crore (excluding bullion and digital gold sales). However, growth moderated from 39% in the preceding quarter, as the later timing of key festivals pushed some purchases into the December quarter.
The consumer goods manufacturer is navigating persistent headwinds in a key international product category as market conditions remain strained. Despite these operational pressures, leadership is keeping its broader financial targets intact for the current year. Investors are closely monitoring how sustained regional softness might impact bottom-line stability.
Corporate leadership adjusted full-year financial projections upward to reflect recent performance trends. The apparel company revised its outlook to set higher expectations for total annual sales across its business. This strategic update provides stakeholders with modified benchmarks for evaluating the brand's performance over the remainder of the fiscal period.
holiday retail sales to grow by 4.5% this year. If realized, this expansion would represent the fastest pace of growth for holiday retail sales since 2021.