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Source: Livemint
Titan's board recommends a dividend of Rs 15 per equity share of face value Re 1 each for FY26, subject to shareholder approval at the upcoming annual general meeting.
Titan Company Ltd on Friday reported a 35 per cent year-on-year jump in its net profit to Rs 1,179 crore for the fourth quarter ended March 31, 2026. Its total income surged 46 per cent to around Rs 20,300 crore in one of the strongest quarterly performances in the company’s history.
Following this, shares of Titan on Friday soared 6.9 per cent to trade at the day’s high of Rs 4,605 on the NSE, in the afternoon trade.
Titan’s board also recommended a dividend of Rs 15 per equity share of face value Re 1 each for FY26, subject to shareholder approval at the upcoming annual general meeting.
The company’s growth was led by the jewellery division, which continues to anchor Titan’s performance. Revenue from the segment jumped 50 per cent year-on-year to around Rs 18,195 crore in the quarter, excluding bullion and digi-gold sales, even as gold prices remained elevated. The watches business also held steady momentum, with analog watches posting 15 per cent growth, supported by premiumisation trends.
Titan said its international jewellery business delivered double-digit retail growth, particularly across GCC markets and North America. During the quarter, the company also completed the acquisition of a 67 per cent stake in Damas Jewellery, strengthening its presence in overseas markets.
For the full financial year FY26, Titan’s consolidated total income rose 33 per cent to Rs 76,078 crore, while profit after tax increased 52 per cent to Rs 5,073 crore, underscoring strong execution and sustained consumer demand.
Source: News18