Titan Company Ltd.

NSE: TITAN · Gems, Jewellery And Watches

52W Range₹3,303 ₹4,860

Snapshot

Unlock Titan Company Ltd.'s vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Titan Company Limited is a prominent Indian lifestyle company that manufactures and retails watches, jewellery, eyewear, and accessories. It operates a diverse portfolio of brands including Tanishq, Titan, Fastrack, and Taneira, serving both domestic and international markets through an extensive retail network.

Business Model

The company generates revenue primarily through a vast omnichannel retail network comprising company-owned and franchised stores, alongside online sales channels. It leverages strong brand equity across multiple price points to capture market share in the discretionary consumer goods sector.

  • Retail Stores:2,718
  • Retail Space:2.8 million square feet

Growth Outlook

Growth is driven by the expansion of the retail footprint and the diversification of product categories, including precision engineering for aerospace and defence. The company continues to invest in brand building and digital transformation to enhance customer engagement.

Key Risks

  • Gold Price Volatility. Fluctuations in global gold prices significantly impact the cost of raw materials and consumer demand for the company's core jewellery segment.
  • Discretionary Spending Sensitivity. As a retailer of lifestyle products, the company is highly susceptible to economic downturns that reduce consumer disposable income.
  • Competitive Intensity. The jewellery and watch markets in India are highly fragmented, facing stiff competition from both organised players and unorganised local jewellers.
  • Regulatory Changes. Changes in import duties on gold or government regulations regarding hallmarking and transparency can affect operational margins and compliance costs.

Price

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Key Metrics

REVENUE

₹87,584 Cr

TTM · consolidated

+44.9%YoY

NET PROFIT

₹5,074 Cr

TTM · consolidated

+52.0%YoY

EPS

₹56.91

TTM · consolidated

+51.3%YoY

RETURN ON EQUITY

40.1%

TTM · consolidated

+6.6 ppYoY

RETURN ON CAPITAL EMPLOYED

48.9%

TTM · consolidated

+12.3 ppYoY

P/E

81.3x

Q4 FY26 · consolidated

81.3 vs 142.0x5Y avg

EV/EBITDA

47.2x

Q4 FY26 · consolidated

47.2 vs 85.6x5Y avg

EBITDA MARGIN

10.2%

TTM · consolidated

+0.0 ppYoY

NET PROFIT MARGIN

4.4%

Q4 FY26 · consolidated

-1.4 ppYoY

DEBT TO EQUITY

0.9%

Q4 FY26 · consolidated

-0.2 ppYoY

Peers · Gems, Jewellery And Watches

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Titan Company Ltd.TITAN
3,47,55081.2847.2544.9%10.2%40.1%48.9%+35.4%
Kalyan Jewellers India Ltd.KALYANKJIL
38,60341.7920.9942.6%7.6%26.1%33.0%-7.4%
Thangamayil Jewellery LimitedTHANGAMAYL
10,33756.3735.4473.1%6.8%29.8%41.5%+233.3%
Bluestone Jewellery & Lifestyle Ltd.BLUESTONE
7,941-86.5822.4618.0%0.7%8.1%
P. N. Gadgil Jewellers Ltd.PNGJL
7,63219.7113.6639.6%6.6%24.7%36.3%-0.9%
PC Jeweller LimitedPCJEWELLER
6,38910.229.5849.4%25.9%10.7%12.5%-39.8%

As of Q4 FY26

Financials