Titan Q4 Results Preview: Tata group jewellery & watch maker seen logging 46% PAT growth—Key things to watch out for

Titan Q4 FY26 Earnings Preview: Tata group lifestyle product maker Titan Company is scheduled to report its financial results for the quarter and the year ended March 31 on Friday, May 8. Analysts expect the jewellery and watch manufacturer to stage a strong performance for the final three months of the financial year 2025-26.

According to Zee Business research, Titan Company is estimated to report a standalone net profit of Rs 1,274 crore for the January-March period, which translates to a jump of 46.4 per cent over the corresponding period a year ago.

The analysts expect the Tata group firm to register Rs 18,258 crore in revenue, up 35.5 per cent on a year-on-year basis. For the quarter ended March 31, 2025, Titan had logged revenue of Rs 13,477 crore.

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Titan Q4 Results Preview: Operational performance

Titan is expected to stage a steady operationg performance.

The Tata group firm's March-quarter earnings before interest, taxes, depreciation and amortisation (EBITDA) is estimated at Rs 1,960 crore, according to the research. That marks a jump of 36.3 per cent over the year-ago period.

Its margin -- a key measure of profitability -- is estimated to remain unchanged at 10.7 per cent.

Titan Q4 sales growth estimate

Titan is expected to stage a steady operational performance, with robust growth in gold coin sales.

Domestic business

In a business update in April, Titan said overall growth in its domestic business stood at 42 per cent while its international business expanded 156 per cent.

While its overall jewellery business grew 46 per cent, the Tanishq, Mia, Zoya and beYon segment clinched 47 per cent expansion while its CaratLane business rose 24 per cent.

Growth in its watches, eyecare and emerging business categories was recorded at 7 per cent, 16 per cent and 17 per cent, respectively.

The company reported net addition of 42 stores in the domestic market during the quarter, taking its total store count to 3,441. Out of these, jewellery store additions stood at 27, taking the total tally to 1,194, according to the update.

Titan added 30 watch stores and reduced 20 eyecare stores during the quarter.

The company said its eyecare division continued to optimise its network by renovating 37 stores, closing 32 stores and adding 12 new stores (net reduction of 20 stores) during the quarter.

International business

The company reported 50 per cent growth in its North American business, noting significant disruptions in the region in March on account of the war in the Middle East impacting sales in Tanishq and Damas stores. Despite this, the company said that Tanishq’s GCC business clocked healthy growth of 37 per cent during the quarter.

As of March, Titan said its international store network spanned 149 stores in the GCC region, 12 stores in North America and one Tanishq store in Singapore. The GCC region network of 149 stores comprises 142 jewellery stores and 7 Titan Eye+ stores, it added.

Titan shares vs Nifty 50

As of May 5, Titan shares have risen 8.4 per cent for the year, outperforming the Nifty 50's 8.1 per cent fall.

Titan shares have rallied over 32 per cent in a year, outperforming a 1.8 per cent slide in the headline index.t