Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Titan Company Ltd
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 Ltd
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 Ltd
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 Ltd
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 Ltd
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% |