Titan Company Limited — Q4FY26 earnings call summary

Filed 14 May 2026 · Official transcript

Market share gain of 50-60 bps in FY26; formalization and brand trust key growth drivers
Gold sourcing stable for Q1; no short-term cost increase expected on gold loans
Q4 FY26 showed strong top-line growth across all businesses and brands
FY27 jewellery sales growth guidance maintained at 15-20%, dependent on gold price trends
Margin sustainability challenged by gold price and product mix; efforts on mix and cost control ongoing
International business profitable for full year; Q4 loss due to GCC disruptions and restructuring
Buyer growth returned to 8% in Q4, driven by gold price rise and diamond campaigns
Watches division grew 14% with analog watches contributing ~85-90% revenue