ALFA Finder| Margins | CFO admits LGD margins are premature due to aggressive customer acquisition. |
|---|---|
| Demand visibility | Strong aspiration for diamonds despite low 12-15% current market penetration. |
| Management confidence | Balanced, acknowledging LGD pricing volatility while asserting brand portfolio strength. |
Growth
LGD segment represents 2-4% of market; Beyond targets aggressive adoption via 23k-25k/carat pricing.
Outlook
Initial rollout of 8-10 stores in Mumbai/NCR to test unit economics.
Risks
Massive erosion in wholesale LGD prices and potential cannibalization of natural diamond brands.
Last quarter's promises, checked
Delivered
- Guided 15%-20% jewelry growth → delivered superlative Q4 top-line growth (= BEAT)
- Guided international profitability → delivered full-year operating profit (= BEAT)
- Guided exchange program focus → delivered successful Q3/Q4 buyer growth (= BEAT)
Partly delivered
- Guided 11%-11.5% TMZ margins → delivered 11.2% with 10-20bps erosion (= PARTIAL)
- Guided CaratLane ERP shift → delivered growth but with Q4 operational blips (= PARTIAL)
Earnings Call filed with NSE, NSE: TITAN. Summary written with AI assistance from the document.
Titan Company Ltd: key numbers
- Share price
- ₹5,010.00
- Market cap
- ₹4,44,781 Cr
- Revenue (annual)
- ₹87,584 Cr
- Net profit (annual)
- ₹5,073 Cr
- P/E (TTM)
- 63.2×Sector 48.2×
- Promoter holding
- 52.90%+0.00% QoQ
- FII holding
- 16.37%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Titan Company Ltd
All →Titan Company Earnings Call Transcript: Key Takeaways
Consolidated growth called 'fantastic', but jewellery margin of 11.1% is normalized and excludes ₹490 Cr duty gain and ₹671 Cr Damas write-back. TMZ buyer growth flat; festive soft; October undisclosed.
Titan Company Management Change
Noel N. Tata retires as Vice-Chairman and non-executive director of Titan effective November 12, 2026, per Tata Group governance guidelines. Regulation 30 details filed in Annexure A.
Titan Company Debt & Borrowing: ₹1,600 Cr
Titan Company fully redeemed commercial paper of ₹1,600 crore issued on 7 August 2026, with maturity proceeds paid to holders on 5 November 2026. This is a debt servicing event under SEBI's CP listing rules.
- Value
- ₹1,600 Cr
Titan Company Debt & Borrowing
Titan certified that its commercial paper proceeds were used as disclosed and listing conditions are met. The certificate covers CP issued up to September 2026.
Titan Company Investor Presentation: Key Takeaways
Q2FY27 consolidated total income ₹20,533 cr (+25.1% YoY) and EBIT ₹2,865 cr (14.0% margin, +59.3%). Jewellery, Watches and EyeCare all grew; ₹490 cr one-time customs benefit in Jewellery.
Titan Company Q2 FY27 Results: Net Profit ₹2,393 Cr, Up 113.7% YoY
Titan Company Ltd reported revenue from operations of ₹20,614 Cr (+10.1% YoY) and net profit of ₹2,393 Cr (+113.7% YoY) for Q2 FY27.
- Key figure
- Net profit ₹2,393 Cr · +113.7% YoY