Titan Company Limited — Q1FY27 earnings call summary
Filed 11 August 2026 · Official transcript
- Subsidiaries TEAL and CaratLane on growth path; margins expected to improve gradually
- Stable natural diamond prices and steady studded jewellery demand
- Growth drivers: market share gain, regionalization, studded jewellery, retail transformation
- Jewellery division EBIT margin normalized at 10.9%, excluding customs duty and MTM gains
- Exchange schemes aid customer acquisition; margin impact neutral
- Watch division EBIT margin normalized at 17.8% in Q1FY27
- Management reiterates commitment to double-digit jewellery growth and ~11% EBIT margin
- Q1FY27 showed all-round growth across Titan's businesses and brands
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