Titan Company Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹3.94L Cr
- P/E
- 67.44
- ROE
- 37.69%
- PEG
- 4.06
- Price to sales
- 4.25
- Debt to equity
- 1.95
- 52W high / low
- ₹5,169 / ₹3,724
- Sales growth (5Y)
- 32.26%
- EBITDA margin
- 10.19%
- Net profit margin
- 5.88%
- Promoter holding
- 52.90%
- Sales (last year)
- ₹92,417 Cr
Titan Company Ltd is among India’s most respected lifestyle companies. It has established leadership positions in the Watches, Jewellery and Eyewear categories led by its trusted brands and differentiated customer experience. It was founded in 1984 as a joint-venture between TATA Group and Tamilnadu Industrial Development Corporation (TIDCO). [1]
Guidance scorecard · Q1 FY27 call
What Titan Company's management guided
and where it ranks in Consumer Durables
Consumer Durables
RevenueQ1 FY27 call
10–20%- Titan targets a healthy double-digit growth in value for the jewellery business, aiming to meet FY30 goals.
- The company remains bullish on achieving aggressive double-digit growth across all brands and subsidiaries.
- Growth drivers include regionalization, high-value studded jewellery, retail transformation, brand differentiation, portfolio play, and buyer growth in sub-₹50,000 and sub-₹1 lakh price points.
- The growth headroom is significant due to market formalization, India's economic growth, expanding consumption segments, and premiumization trends.
- Subsidiaries like CaratLane and TEAL are on strong growth paths, with margins expected to improve alongside revenue.
2 more points from Titan Company's call on revenue
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MarginsQ1 FY27 call
FlatSee what Titan Company said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- Continued emphasis on retail transformation and regionalization to gain market share in jewellery.
- Investing in brand differentiation and portfolio expansion across jewellery, watches, eyecare, fragrances, and bags.
- Prioritizing top-line growth in subsidiaries like TEAL and CaratLane over immediate margin expansion, indicating growth-oriented investments.
2 more points from Titan Company's call on capex
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FundraisingQ1 FY27 call
See what Titan Company said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
- The discussion centers around growth strategies, competitive intensity, gold price trends, margin expectations, exchange schemes, and segmental performance, but there is no reference to order book status or pending orders for Titan Company Limited.
Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Consumer Durables
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Consumer Durables companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹166 Cr | 20.3 | |
| 2 | 40%+ | Up 2%+ | ₹100 Cr | 12.7 | |
| 3 | 40%+ | Up 0–2% | ₹3,249 Cr | 17.4 | |
| 4 | 40%+ | Up 0–2% | ₹2,081 Cr | 18.8 | |
| 5 | 40%+ | Flat | ₹2,429 Cr | 41.1 | |
| 6 | 40%+ | Flat | ₹2,163 Cr | 25.6 |
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Pro shows every company guiding 40%+ revenue growth →Full Consumer Durables rankingFinancials of Titan Company
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Titan Company
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 10,360 | 11,897 | 12,529 | 14,164 | 12,494 | 13,266 | 14,534 | 17,740 | 14,916 | 16,523 | 18,725 | 25,416 | 26,920 |
| Expenses + | 9,271 | 10,772 | 11,118 | 12,599 | 11,303 | 12,019 | 13,298 | 16,066 | 13,379 | 14,693 | 16,850 | 22,703 | 24,982 |
| Operating Profit | 1,089 | 1,125 | 1,411 | 1,565 | 1,191 | 1,247 | 1,236 | 1,674 | 1,537 | 1,830 | 1,875 | 2,713 | 1,938 |
| OPM % | 11% | 9% | 11% | 11% | 10% | 9% | 8% | 9% | 10% | 11% | 10% | 11% | 7% |
| Other Income + | 114 | 114 | 125 | 136 | 159 | 120 | 123 | 128 | 116 | 105 | 113 | -1 | 235 |
| Interest | 96 | 109 | 140 | 169 | 201 | 230 | 240 | 231 | 252 | 271 | 277 | 282 | 350 |
| Depreciation | 119 | 128 | 144 | 154 | 158 | 164 | 171 | 175 | 183 | 184 | 189 | 207 | 246 |
| Profit before tax | 988 | 1,002 | 1,252 | 1,378 | 991 | 973 | 948 | 1,396 | 1,218 | 1,480 | 1,522 | 2,223 | 1,577 |
| Tax % | 26% | 25% | 27% | 24% | 22% | 27% | 26% | 25% | 28% | 26% | 26% | 24% | 25% |
| Net Profit + | 736 | 756 | 916 | 1,053 | 771 | 715 | 704 | 1,047 | 871 | 1,091 | 1,120 | 1,684 | 1,179 |
| EPS in Rs | 8.22 | 8.48 | 10.31 | 11.86 | 8.68 | 8.05 | 7.93 | 11.79 | 9.81 | 12.29 | 12.62 | 18.97 | 13.28 |
Financials of Titan Company
Profit & Loss
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 11,913 | 11,276 | 13,261 | 16,120 | 19,779 | 21,052 | 21,644 | 28,799 | 40,575 | 51,084 | 60,456 | 87,584 |
| Expenses + | 10,761 | 10,337 | 12,097 | 14,476 | 17,785 | 18,589 | 19,919 | 25,455 | 35,693 | 45,792 | 54,762 | 79,229 |
| Operating Profit | 1,153 | 939 | 1,164 | 1,644 | 1,994 | 2,463 | 1,725 | 3,344 | 4,882 | 5,292 | 5,694 | 8,355 |
| OPM % | 10% | 8% | 9% | 10% | 10% | 12% | 8% | 12% | 12% | 10% | 9% | 10% |
| Other Income + | 67 | 69 | -42 | 70 | 178 | 153 | 180 | 177 | 306 | 534 | 487 | 452 |
| Interest | 81 | 42 | 38 | 53 | 53 | 166 | 203 | 218 | 300 | 619 | 953 | 1,180 |
| Depreciation | 90 | 98 | 111 | 131 | 163 | 348 | 375 | 399 | 441 | 584 | 693 | 826 |
| Profit before tax | 1,049 | 868 | 973 | 1,530 | 1,957 | 2,102 | 1,327 | 2,904 | 4,447 | 4,623 | 4,535 | 6,801 |
| Tax % | 22% | 22% | 28% | 28% | 29% | 29% | 27% | 24% | 26% | 24% | 26% | 25% |
| Net Profit + | 816 | 675 | 697 | 1,102 | 1,389 | 1,493 | 974 | 2,198 | 3,274 | 3,496 | 3,337 | 5,073 |
| EPS in Rs | 9.19 | 7.60 | 8.01 | 12.73 | 15.82 | 16.91 | 10.96 | 24.48 | 36.61 | 39.38 | 37.59 | 57.14 |
| Dividend Payout % | 25% | 29% | 32% | 29% | 32% | 24% | 37% | 31% | 27% | 28% | 29% | 26% |
Financials of Titan Company
Balance Sheet
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 89 | 89 | 89 | 89 | 89 | 89 | 89 | 89 | 89 | 89 | 89 | 89 |
| Reserves | 2,995 | 3,418 | 4,144 | 5,001 | 5,981 | 6,580 | 7,408 | 9,214 | 11,762 | 9,304 | 11,535 | 15,614 |
| Borrowings + | 100 | 113 | 1,882 | 1,691 | 2,393 | 3,562 | 5,638 | 7,275 | 9,367 | 15,528 | 20,777 | 14,551 |
| Other Liabilities + | 2,684 | 2,723 | 2,293 | 2,740 | 3,247 | 3,313 | 3,309 | 4,610 | 5,802 | 6,626 | 8,244 | 30,307 |
| Total Liabilities | 5,868 | 6,342 | 8,408 | 9,521 | 11,710 | 13,544 | 16,444 | 21,188 | 27,020 | 31,547 | 40,645 | 60,561 |
| Fixed Assets + | 699 | 771 | 1,189 | 1,474 | 1,567 | 2,633 | 2,523 | 2,544 | 2,998 | 3,709 | 4,062 | 6,906 |
| CWIP | 55 | 107 | 152 | 43 | 32 | 18 | 32 | 85 | 144 | 97 | 105 | 135 |
| Investments | 3 | 30 | 431 | 36 | 108 | 158 | 2,824 | 294 | 2,515 | 2,345 | 1,988 | 3,506 |
| Other Assets + | 5,111 | 5,434 | 6,636 | 7,968 | 10,003 | 10,735 | 11,065 | 18,265 | 21,363 | 25,396 | 34,490 | 50,014 |
| Total Assets | 5,868 | 6,342 | 8,408 | 9,521 | 11,710 | 13,544 | 16,444 | 21,188 | 27,020 | 31,547 | 40,645 | 60,561 |
Financials of Titan Company
Cash Flows
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 503 | 576 | 1,712 | -51 | 1,243 | -348 | 4,139 | -724 | 1,370 | 1,695 | -541 | 5,590 |
| Cash from Investing Activity + | -118 | -159 | -953 | 98 | -797 | 235 | -2,799 | 1,165 | -1,814 | -189 | 546 | -2,934 |
| Cash from Financing Activity + | -1,005 | -505 | -166 | -252 | -489 | -242 | -1,234 | -403 | 457 | -1,329 | -7 | -2,159 |
| Net Cash Flow | -620 | -88 | 594 | -206 | -43 | -355 | 106 | 38 | 13 | 177 | -2 | 497 |
| Free Cash Flow | 296 | 324 | 1,461 | -350 | 980 | -693 | 4,000 | -940 | 950 | 1,024 | -1,011 | 4,713 |
| CFO/OP | 65% | 83% | 171% | 25% | 94% | 8% | 256% | 2% | 52% | 54% | 10% | 88% |
Financials of Titan Company
Ratios
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 6 | 6 | 6 | 7 | 8 | 5 | 6 | 7 | 6 | 7 | 6 | 4 |
| Inventory Days | 169 | 198 | 189 | 185 | 178 | 195 | 187 | 230 | 199 | 176 | 217 | 222 |
| Days Payable | 81 | 74 | 30 | 27 | 23 | 14 | 18 | 22 | 15 | 13 | 15 | 15 |
| Cash Conversion Cycle | 94 | 131 | 165 | 164 | 163 | 186 | 176 | 215 | 191 | 171 | 208 | 211 |
| Working Capital Days | 59 | 74 | 42 | 60 | 55 | 69 | 36 | 68 | 51 | 42 | 35 | 38 |
| ROCE % | 35% | 27% | 23% | 25% | 26% | 24% | 13% | 21% | 25% | 23% | 19% | 26% |
Guidance history
How Titan Company's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 10–20% | Flat | Planned | — | — |
| Q4 FY26 call → | 10–20% | Flat | Planned | — | — |
| Q4 FY26 call → | 10–20% | Flat | Planned | — | — |
| Q3 FY26 call → | 20–40% | Flat | Planned | — | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
58 out of 100 — Steady
Over the past year its share price has moved roughly in the middle of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | +16.7% | 72% |
| Last 6 months | −2.3% | 52% |
| Last 3 months | −10.6% | 41% |
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Titan Company: 0.4 × 72 + 0.4 × 52 + 0.2 × 41 = 58.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 28 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Titan Company's management said in earlier quarters
- Q1 FY27 earnings call analysis →
- Q4 FY26 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q4 FY26 earnings call →
- Q1 FY26 earnings call →
- Q3 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
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