Titan Company Ltd.
TITANConsumer Discretionary filings
We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.
Earnings calls
21 transcript(s)/analyst meet(s) served; 0 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (4 of 21 documents here); elsewhere sentences render unattributed.
| Kind | Date | Period | Served | Attribution rate |
|---|---|---|---|---|
| TRANSCRIPT | 20210809 | 2021-06-30 | yes | |
| TRANSCRIPT | 20211102 | 2021-09-30 | yes | |
| TRANSCRIPT | 20220209 | 2021-12-31 | yes | |
| TRANSCRIPT | 20220506 | 2022-03-31 | yes | |
| TRANSCRIPT | 20220812 | 2022-06-30 | yes | |
| TRANSCRIPT | 20221110 | 2022-09-30 | yes | |
| TRANSCRIPT | 20230208 | 2022-12-31 | yes | |
| TRANSCRIPT | 20230509 | 2023-03-31 | yes | |
| TRANSCRIPT | 20230807 | 2023-06-30 | yes | |
| TRANSCRIPT | 20231108 | 2023-09-30 | yes | |
| TRANSCRIPT | 20240206 | 2023-12-31 | yes | |
| TRANSCRIPT | 20240510 | 2024-03-31 | yes | |
| TRANSCRIPT | 20240806 | 2024-06-30 | yes | |
| TRANSCRIPT | 20241107 | 2024-09-30 | yes | |
| TRANSCRIPT | 20250207 | 2024-12-31 | yes | |
| TRANSCRIPT | 20250512 | 2025-03-31 | yes | |
| TRANSCRIPT | 20250811 | 2025-06-30 | yes | |
| TRANSCRIPT | 20251108 | 2025-09-30 | yes | |
| TRANSCRIPT | 20260213 | 2025-12-31 | yes | |
| TRANSCRIPT | 20260514 | 2026-03-31 | yes | |
| TRANSCRIPT | 20260811 | 2026-06-30 | yes |
TITAN
files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.
Identity
| Statement division | general |
| Scope served | consolidated |
| Panels on this page | 4 |
Market
No split, bonus or consolidation is on record for this company inside the period this price series covers, so the closes need no adjustment.
| Last close | 4,832.50 |
| 52-week range | 3327.3 – 5169.2 |
| Return 1M | -5.7% |
| Return 3M | 12.61% |
| Return 1Y | 41.37% |
| Return 3Y | 47.16% |
| Return 5Y | 130.9% |
| Market capitalisation | not shown — we could not confirm it |
| Shares outstanding | not shown — we could not confirm it |
| P/E | not shown — we could not confirm it |
| P/B | not shown — we could not confirm it |
| EV/EBITDA | not shown — we could not confirm it |
Latest quarter filed — period ending 2026-06-30
In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.
| Revenue from operations | 21,356.00 |
| Other income | 146.00 |
| Total income | 21,502.00 |
| Cost of materials consumed | 11,147.00 |
| Purchases of stock-in-trade | 2,906.00 |
| Changes in inventories | 1,896.00 |
| Employee benefit expense | 804.00 |
| Finance costs | 353.00 |
Ownership — 2026-06-30, and the change from 2026-03-31
| Holder | Per cent | Change |
|---|---|---|
| promoter and promoter group | 0.53 | 0.00 |
| institutions foreign | 0.15 | -0.00 |
| institutions domestic | 0.15 | 0.00 |
| mutual funds | 0.09 | 0.00 |
| public | 0.47 | 0.00 |
Documents on file
| Class | Most recent | On file |
|---|---|---|
| TRANSCRIPT | 2026-06-30 | 21 |
Financial statements
Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.
Quarterly results, as filed
| Line | 2022-06-30 | 2022-09-30 | 2022-12-31 | 2023-03-31 | 2023-06-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 9,443.00 | 9,163.00 | 11,609.00 | 10,360.00 | 11,897.00 | 14,164.00 | 12,494.00 | 13,266.00 | 14,534.00 | 17,740.00 | 14,916.00 | 16,523.00 | 18,725.00 | 25,416.00 | 26,920.00 | 21,356.00 |
| Other income | 44.00 | 61.00 | 89.00 | 114.00 | 114.00 | 136.00 | 159.00 | 120.00 | 122.00 | 128.00 | 116.00 | 105.00 | 112.00 | 151.00 | 184.00 | 146.00 |
| Total income | 9,487.00 | 9,224.00 | 11,698.00 | 10,474.00 | 12,011.00 | 14,300.00 | 12,653.00 | 13,386.00 | 14,656.00 | 17,868.00 | 15,032.00 | 16,628.00 | 18,837.00 | 25,567.00 | 27,104.00 | 21,502.00 |
| Cost of materials consumed | 4,850.00 | 7,479.00 | 6,531.00 | 8,031.00 | 7,105.00 | 8,942.00 | 9,450.00 | 10,155.00 | 13,432.00 | 9,666.00 | 14,455.00 | 11,122.00 | 20,601.00 | 16,059.00 | 21,430.00 | 11,147.00 |
| Purchases of stock-in-trade | 1,290.00 | 1,634.00 | 1,503.00 | 1,271.00 | 1,139.00 | 1,806.00 | 1,499.00 | 1,708.00 | 1,924.00 | 1,895.00 | 2,036.00 | 2,051.00 | 2,634.00 | 3,279.00 | 3,067.00 | 2,906.00 |
| Changes in inventories | 898.00 | -2,483.00 | 806.00 | -1,455.00 | 1,011.00 | 122.00 | -1,241.00 | -1,527.00 | -3,834.00 | 2,522.00 | -4,976.00 | -362.00 | -8,526.00 | 1,049.00 | -2,097.00 | 1,896.00 |
| Employee benefit expense | 387.00 | 392.00 | 411.00 | 457.00 | 448.00 | 480.00 | 473.00 | 523.00 | 519.00 | 555.00 | 559.00 | 591.00 | 616.00 | 646.00 | 828.00 | 804.00 |
| Finance costs | 65.00 | 60.00 | 79.00 | 96.00 | 109.00 | 169.00 | 201.00 | 230.00 | 240.00 | 231.00 | 252.00 | 271.00 | 277.00 | 282.00 | 350.00 | 353.00 |
| Depreciation and amortisation | 103.00 | 106.00 | 113.00 | 119.00 | 128.00 | 154.00 | 158.00 | 164.00 | 171.00 | 175.00 | 183.00 | 184.00 | 189.00 | 207.00 | 246.00 | 256.00 |
| Other expenses | 822.00 | 894.00 | 1,011.00 | 967.00 | 1,069.00 | 1,249.00 | 1,122.00 | 1,160.00 | 1,257.00 | 1,428.00 | 1,305.00 | 1,291.00 | 1,525.00 | 1,670.00 | 1,755.00 | 1,713.00 |
| Total expenses | 8,415.00 | 8,082.00 | 10,454.00 | 9,486.00 | 11,009.00 | 12,922.00 | 11,662.00 | 12,413.00 | 13,709.00 | 16,472.00 | 13,814.00 | 15,148.00 | 17,316.00 | 23,192.00 | 25,579.00 | 19,075.00 |
| Profit before exceptional items and tax | 1,072.00 | 1,142.00 | 1,244.00 | 988.00 | 1,002.00 | 1,378.00 | 991.00 | 973.00 | 947.00 | 1,396.00 | 1,218.00 | 1,480.00 | 1,521.00 | 2,375.00 | 1,525.00 | 2,427.00 |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -152.00 | 51.00 | 0.00 |
| Profit before tax | 1,072.00 | 1,142.00 | 1,244.00 | 988.00 | 1,002.00 | 1,378.00 | 991.00 | 973.00 | 947.00 | 1,396.00 | 1,218.00 | 1,480.00 | 1,521.00 | 2,223.00 | 1,576.00 | 2,427.00 |
| Current tax | 272.00 | 300.00 | 320.00 | 255.00 | 252.00 | 329.00 | 204.00 | 258.00 | 245.00 | 354.00 | 326.00 | 378.00 | 403.00 | 556.00 | 403.00 | 654.00 |
| Deferred tax | 10.00 | 7.00 | 12.00 | -3.00 | -6.00 | -4.00 | 16.00 | -0.00 | -1.00 | -5.00 | 21.00 | 11.00 | -1.00 | -17.00 | -5.00 | -2.00 |
| Tax expense | 282.00 | 307.00 | 332.00 | 252.00 | 246.00 | 325.00 | 220.00 | 258.00 | 244.00 | 349.00 | 347.00 | 389.00 | 402.00 | 539.00 | 398.00 | 652.00 |
| Profit for the period | 790.00 | 835.00 | 913.00 | 736.00 | 756.00 | 1,053.00 | 771.00 | 716.00 | 704.00 | 1,047.00 | 871.00 | 1,091.00 | 1,120.00 | 1,684.00 | 1,179.00 | 1,777.00 |
| Profit attributable to owners | 785.00 | 831.00 | 904.00 | 730.00 | 753.00 | 1,053.00 | 771.00 | 715.00 | 704.00 | 1,047.00 | 871.00 | 1,091.00 | 1,120.00 | 1,684.00 | 1,179.00 | 1,777.00 |
| Profit attributable to non-controlling interests | 5.00 | 4.00 | 9.00 | 6.00 | 3.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other comprehensive income | -1.00 | -30.00 | -19.00 | 11.00 | -4.00 | 1.00 | -47.00 | -114.00 | 8.00 | -3.00 | -27.00 | -6.00 | -66.00 | 18.00 | -42.00 | -5.00 |
| Total comprehensive income | 788.00 | 805.00 | 894.00 | 747.00 | 752.00 | 1,054.00 | 724.00 | 601.00 | 712.00 | 1,044.00 | 844.00 | 1,085.00 | 1,054.00 | 1,702.00 | 1,137.00 | 1,772.00 |
| Earnings per share, basic | 8.84 | 9.36 | 10.18 | 8.22 | 8.48 | 11.91 | 8.68 | 8.06 | 7.94 | 11.80 | 9.82 | 12.30 | 12.63 | 18.98 | 13.00 | 20.03 |
| Earnings per share, diluted | 8.84 | 9.36 | 10.18 | 8.22 | 8.48 | 11.90 | 8.70 | 8.06 | 7.93 | 11.80 | 9.82 | 12.30 | 12.62 | 18.97 | 13.00 | 20.02 |
Annual results, as filed
| Line | 2019-03-31 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 19,779.00 | 21,052.00 | 21,644.00 | 28,799.00 | 40,575.00 | 51,084.00 | 60,456.00 | 87,584.00 |
| Other income | 183.00 | 153.00 | 186.00 | 234.00 | 308.00 | 533.00 | 486.00 | 552.00 |
| Total income | 19,961.00 | 21,205.00 | 21,830.00 | 29,032.00 | 40,883.00 | 51,617.00 | 60,942.00 | 88,136.00 |
| Cost of materials consumed | 12,231.00 | 13,042.00 | 13,713.00 | 22,108.00 | 26,891.00 | 36,104.00 | 47,708.00 | 69,212.00 |
| Purchases of stock-in-trade | 2,940.00 | 2,991.00 | 2,579.00 | 4,328.00 | 5,698.00 | 5,999.00 | 7,563.00 | 11,031.00 |
| Changes in inventories | -776.00 | -878.00 | 122.00 | -4,795.00 | -2,234.00 | -2,671.00 | -7,815.00 | -9,936.00 |
| Employee benefit expense | 1,019.00 | 1,199.00 | 1,065.00 | 1,349.00 | 1,647.00 | 1,864.00 | 2,156.00 | 2,681.00 |
| Finance costs | 53.00 | 166.00 | 203.00 | 218.00 | 300.00 | 619.00 | 953.00 | 1,180.00 |
| Depreciation and amortisation | 163.00 | 348.00 | 375.00 | 399.00 | 441.00 | 584.00 | 693.00 | 826.00 |
| Other expenses | 2,374.00 | 2,230.00 | 2,441.00 | 2,467.00 | 3,694.00 | 4,496.00 | 5,150.00 | 6,241.00 |
| Total expenses | 18,002.00 | 19,099.00 | 20,498.00 | 26,075.00 | 36,437.00 | 46,995.00 | 56,408.00 | 81,235.00 |
| Profit before exceptional items and tax | 1,959.00 | 2,106.00 | 1,332.00 | 2,957.00 | 4,446.00 | 4,622.00 | 4,534.00 | 6,901.00 |
| Exceptional items | 0.00 | 0.00 | 0.00 | -54.00 | 0.00 | 0.00 | 0.00 | -101.00 |
| Profit before tax | 1,959.00 | 2,106.00 | 1,332.00 | 2,903.00 | 4,446.00 | 4,622.00 | 4,534.00 | 6,800.00 |
| Current tax | 615.00 | 570.00 | 360.00 | 786.00 | 1,147.00 | 1,101.00 | 1,183.00 | 1,740.00 |
| Deferred tax | -47.00 | 39.00 | -7.00 | -80.00 | 26.00 | 26.00 | 15.00 | -12.00 |
| Tax expense | 568.00 | 609.00 | 353.00 | 706.00 | 1,173.00 | 1,127.00 | 1,198.00 | 1,728.00 |
| Profit for the period | 1,389.00 | 1,493.00 | 979.00 | 2,197.00 | 3,274.00 | 3,496.00 | 3,337.00 | 5,073.00 |
| Profit attributable to owners | 1,404.00 | 1,501.00 | 973.00 | 2,173.00 | 3,250.00 | 3,496.00 | 3,337.00 | 5,073.00 |
| Profit attributable to non-controlling interests | -16.00 | -9.00 | 1.00 | 25.00 | 24.00 | 0.00 | 0.00 | 0.00 |
| Other comprehensive income | 12.00 | -234.00 | 209.00 | -12.00 | -39.00 | -63.00 | -136.00 | -96.00 |
| Total comprehensive income | 1,401.00 | 1,258.00 | 1,188.00 | 2,185.00 | 3,235.00 | 3,433.00 | 3,201.00 | 4,977.00 |
| Earnings per share, basic | 15.82 | 16.91 | 10.96 | 24.48 | 36.61 | 39.38 | 37.62 | 57.00 |
| Earnings per share, diluted | 15.82 | 16.91 | 0.00 | 0.00 | 36.61 | 39.39 | 37.61 | 57.00 |
Balance sheet, as filed
| Line | 2022-09-30 | 2023-03-31 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|
| Total assets | 23,480.00 | 27,023.00 | 31,550.00 | 38,826.00 | 40,647.00 | 52,030.00 | 60,561.00 |
| Non-current assets | 4,206.00 | 4,616.00 | 5,942.00 | 6,595.00 | 6,213.00 | 6,956.00 | 9,780.00 |
| Current assets | 19,274.00 | 22,407.00 | 25,590.00 | 32,231.00 | 34,434.00 | 45,074.00 | 50,781.00 |
| Property, plant and equipment | 2,299.00 | 1,343.00 | 1,737.00 | 1,790.00 | 1,854.00 | 1,898.00 | 2,684.00 |
| Capital work-in-progress | 76.00 | 133.00 | 88.00 | 65.00 | 93.00 | 125.00 | 135.00 |
| Goodwill | 123.00 | 1,408.00 | 123.00 | 123.00 | 123.00 | 127.00 | 758.00 |
| Other intangible assets | 229.00 | 246.00 | 1,848.00 | 1,970.00 | 310.00 | 321.00 | 1,105.00 |
| Inventories | 14,967.00 | 16,584.00 | 19,051.00 | 25,337.00 | 28,184.00 | 37,657.00 | 42,743.00 |
| Trade receivables | 713.00 | 674.00 | 1,018.00 | 1,329.00 | 1,068.00 | 1,437.00 | 916.00 |
| Cash and cash equivalents | 268.00 | 232.00 | 409.00 | 536.00 | 407.00 | 301.00 | 873.00 |
| Total equity and liabilities | 23,480.00 | 27,023.00 | 31,550.00 | 38,826.00 | 40,647.00 | 52,030.00 | 60,561.00 |
| Equity | 10,265.00 | 11,904.00 | 9,393.00 | 9,736.00 | 11,624.00 | 12,803.00 | 15,703.00 |
| Equity share capital | 89.00 | 89.00 | 89.00 | 89.00 | 89.00 | 89.00 | 89.00 |
| Other equity | 10,137.00 | 11,762.00 | 9,304.00 | 9,647.00 | 11,535.00 | 12,714.00 | 15,614.00 |
| Total liabilities | 13,215.00 | 15,119.00 | 22,157.00 | 29,090.00 | 29,023.00 | 39,227.00 | 44,858.00 |
| Non-current liabilities | 1,521.00 | 1,855.00 | 5,628.00 | 4,525.00 | 3,230.00 | 3,337.00 | 5,065.00 |
| Current liabilities | 11,694.00 | 13,264.00 | 16,528.00 | 24,565.00 | 25,793.00 | 35,890.00 | 39,793.00 |
| Borrowings, non-current | 0.00 | 0.00 | 3,302.00 | 2,009.00 | 595.00 | 547.00 | 93.00 |
| Borrowings, current | 713.00 | 2,195.00 | 4,536.00 | 6,401.00 | 9,691.00 | 9,099.00 | 11,285.00 |
| Trade payables | 6,999.00 | 6,513.00 | 6,751.00 | 12,678.00 | 1,963.00 | 18,632.00 | 18,934.00 |
Cash flow, as filed
| Line | 2022-03-31 | 2022-09-30 | 2023-03-31 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Net cash from operating activities | -724.00 | 761.00 | 1,370.00 | 1,759.00 | 1,356.00 | -548.00 | 3,444.00 | 5,590.00 |
| Net cash from investing activities | 1,164.00 | -7.00 | -1,811.00 | -253.00 | -104.00 | 551.00 | -1,097.00 | -2,934.00 |
| Net cash from financing activities | -403.00 | -705.00 | 457.00 | -1,329.00 | -1,125.00 | 7.00 | -2,451.00 | -2,159.00 |
| Purchase of property, plant and equipment | 224.00 | 174.00 | 432.00 | 691.00 | 251.00 | 494.00 | 259.00 | 902.00 |
| Net increase in cash | 38.00 | 48.00 | 13.00 | 177.00 | 127.00 | 10.00 | -106.00 | 466.00 |
| con:CFO.BEFORE_TAX | 78.00 | 1,206.00 | 2,667.00 | 3,181.00 | 1,996.00 | 830.00 | 4,104.00 | 7,327.00 |
| con:INTEREST_RECEIVED.OPERATING | 0.00 | 0.00 | -143.00 | -249.00 | -145.00 | -288.00 | 0.00 | 0.00 |
| con:INTEREST_PAID.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:DIVIDENDS_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:TAX_PAID.OPERATING | 802.00 | 445.00 | 1,154.00 | 1,173.00 | 494.00 | 1,090.00 | 660.00 | 1,737.00 |
| con:CF_OTHER.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_PURCHASED | 100.00 | 1,105.00 | 2,674.00 | 1,251.00 | 9,769.00 | 17,797.00 | 6,728.00 | 28,769.00 |
| con:INVESTMENTS_SOLD | 0.00 | 1,174.00 | 1,107.00 | 0.00 | 0.00 | 18,398.00 | 5,712.00 | 26,635.00 |
| con:PPE_DISPOSALS | 8.00 | 8.00 | 0.00 | 20.00 | 11.00 | 0.00 | 2.00 | 25.00 |
| con:CF_INVESTING.SUBSIDIARIES_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.SUBSIDIARIES_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_SOLD | 0.00 | 0.00 | 0.00 | 1,420.00 | 9,696.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Who owns it
The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.
| Holder | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter and promoter group | 52.90 | 52.90 | 52.90 | 52.90 | 52.90 | 52.90 | 52.90 | 52.90 | 52.90 | 52.90 | 0.53 | 0.53 | 0.53 | 0.53 |
| Domestic institutions | 11.41 | 10.64 | 10.05 | 10.44 | 10.45 | 10.87 | 11.47 | 11.55 | 12.18 | 12.78 | 0.14 | 0.15 | 0.15 | 0.15 |
| Mutual funds | — | — | — | — | — | — | — | — | — | 6.70 | 0.08 | 0.08 | 0.08 | 0.09 |
| Insurance companies | 4.28 | 3.92 | 3.56 | 3.66 | 3.78 | 3.94 | 4.17 | 4.40 | 4.75 | 5.05 | 0.05 | 0.05 | 0.05 | 0.05 |
| Foreign institutions | 17.51 | 18.54 | 19.05 | 18.89 | 19.01 | 18.20 | 18.22 | 18.11 | 17.81 | 17.54 | 0.16 | 0.16 | 0.16 | 0.15 |
| Government | — | — | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Public | 47.10 | 47.10 | 47.10 | 47.10 | 47.02 | 47.02 | 47.02 | 47.02 | 47.02 | 47.02 | 0.47 | 0.47 | 0.47 | 0.47 |
| Non-institutional | 18.18 | 17.93 | 18.00 | 17.77 | 17.55 | 17.94 | 17.32 | 17.36 | 17.02 | 16.69 | 0.17 | 0.16 | 0.16 | 0.16 |
| Shares outstanding | 887786160 | 887786160 | 887786160 | 887786160 | 887786160 | 887786160 | 887786160 | 887786160 | 887786160 | 887786160 | 887786160 | 887786160 | 887786160 | 887786160 |
Related parties
Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.
| Counterparty | Relationship | Type | Amount in the period | Transactions |
|---|---|---|---|---|
| Tata Consultancy Services Limited | Group Entity | Any other transaction, Purchase of goods or services | 717,400,000.00 | 5 |
| Tata Sons Private Limited | Group Entity | Any other transaction | 378,800,000.00 | 3 |
| Tata Digital Limited | Group Entity | Any other transaction, Purchase of goods or services | 169,300,000.00 | 3 |
| Tata Unistore Limited | Group Entity | Any other transaction, Sale of goods or services | 55,600,000.00 | 3 |
| Tata AIA Life Insurance Company Limited | Group Entity | Any other transaction, Purchase of goods or services | 53,400,000.00 | 2 |
| Indian Hotels Company Limited | Group Entity | Any other transaction, Purchase of goods or services | 26,700,000.00 | 4 |
| Novamesh Limited | Group Entity | Purchase of goods or services | 21,500,000.00 | 1 |
| Tamil Nadu Industrial Development Corporation Limited | Promoter | Any other transaction | 19,100,000.00 | 2 |
| Innovative Retail Concepts Private Limited | Group Entity | Purchase of goods or services, Sale of goods or serv | 16,200,000.00 | 3 |
| Tata Electronics Private Limited | Group Entity | Any other transaction, Sale of goods or services | 14,600,000.00 | 2 |
| Tata Communications Limited | Group Entity | Purchase of goods or services | 11,900,000.00 | 2 |
| Tata Technologies Limited | Group Entity | Purchase of goods or services | 11,700,000.00 | 3 |
| Tata Teleservices Limited | Group Entity | Purchase of goods or services | 9,500,000.00 | 2 |
| Tata AIG General Insurance Company Limited | Group Entity | Any other transaction | 8,000,000.00 | 2 |
| Infiniti Retail Limited | Group Entity | Purchase of goods or services, Sale of goods or serv | 5,800,000.00 | 3 |
What management said
Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.
| Date | Quarter | Who spoke | |
|---|---|---|---|
| 2026-08-11 | Q1FY27 | Read the call | |
| 2026-05-14 | Q4FY26 | Read the call | |
| 2026-02-13 | Q3FY26 | MR. AJOY CHAWLA, MR. ARUN NARAYAN, MR. ASHOK SONTHALIA, MR. KURUVILLA MARKOSE, MR. MANISH | Read the call |
| 2025-11-08 | Q2FY26 | AUTOMATION LIMITED (‘TEAL’), MR. AJOY CHAWLA, MR. ASHOK SONTHALIA, MR. C. K. VENKATARAMAN, | Read the call |
| 2025-08-11 | Q1FY26 | Avi Mehta:, MR. AJOY CHAWLA, MR. AMBUJ NARAYAN, MR. ASHOK SONTHALIA, MR. C. K. VENKATARAMA | Read the call |
| 2025-05-12 | Q4FY25 | MR. AJOY CHAWLA, MR. AMBUJ NARAYAN, MR. ASHOK SONTHALIA, MR. C. K. VENKATARAMAN, MR. KURUV | Read the call |
| 2025-02-07 | Q3FY25 | MR. AJOY CHAWLA, MR. AMBUJ NARAYAN, MR. C. K. VENKATARAMAN, MR. KURUVILLA MARKOSE, MR. MAN | Read the call |
| 2024-11-07 | Q2FY25 | MR. AJOY CHAWLA, MR. AMBUJ NARAYAN, MR. ASHOK SONTHALIA, MR. C. K. VENKATARAMAN, MR. KURUV | Read the call |
| 2024-08-06 | Q1FY25 | DIVISION, MR. AJOY CHAWLA, MR. ASHOK SONTHALIA, MR. C. K. VENKATARAMAN, MR. SWADESH BEHERA | Read the call |
| 2024-05-10 | Q4FY24 | DIVISION, MR. AJOY CHAWLA, MR. ASHOK SONTHALIA, MR. C. K. VENKATARAMAN, MR. SWADESH BEHERA | Read the call |
| 2024-02-06 | Q3FY24 | DIVISION | Read the call |
| 2023-11-08 | Q2FY24 | DIVISION | Read the call |
| 2023-08-07 | Q1FY24 | ACCESSORIES DIVISION, COMP/\NY, DIVISION, LIMITED, TITAN COMPANY LIMITED | Read the call |
| 2023-05-09 | Q4FY23 | COMP/\NY, DIVISION, L Ii | Read the call |
| 2023-02-08 | Q3FY23 | DIVISION, MR. AJOY CHAWLA, MR. AMBUJ NARAYAN, MR. ASHOK SONTHALIA, MS. SUPARNA MITRA, – CE | Read the call |
| 2022-11-10 | Q2FY23 | COMP/\NY, DIVISION, MR. AMBUJ NARAYAN, – CEO, JEWELLERY DIVISION | Read the call |
| 2022-08-12 | Q1FY23 | ACCESSORIES DIVISION, MR. AJOY CHAWLA, MR. MANISH GUPTA, MR. SAUMEN BHAUMIK | Read the call |
| 2022-05-06 | Q4FY22 | LIMITED, WEARABLES DIVISION | Read the call |
| 2022-02-09 | Q3FY22 | TITAN COMPANY LIMITED | Read the call |
| 2021-11-02 | Q2FY22 | EYEWEAR DIVISION, WATCHES AND WEARABLES DIVISION | Read the call |
| 2021-08-09 | Q1FY22 | CARATLANE, EYEWEAR DIVISION, WATCHES AND WEARABLES DIVISION | Read the call |
What they said about it, quarter by quarter
| Topic | Q3FY24 | Q3FY25 | Q3FY26 | Q4FY22 | Q4FY23 | Q4FY24 | Q4FY25 | Q4FY26 |
|---|---|---|---|---|---|---|---|---|
| Capital allocation | — | Yes, whenever we have brought down the premium on our gold prices vis-a-vis our, let's say, most relevant competitor in the market, we have seen custo… | We are very happy to announce that we completed 67% stake acquisition of Damas. | On the first point, I think there is an issue there because then RBI did EMI on Jewellery and I had met them few years back and the whole viewpoint wa… | And my next question is on the dividend payout. | We have a long-term debt of about INR 3,000 crores, which is squarely linked to our acquisition of CaratLane balance stake. | — | And what is the acquisition plan like for the residual stake in three, four years, whenever it is planned? |
| Costs | — | — | And I think also perhaps we are blessed to be in a category where, despite Titan Company Limited February 11, 2026 such significant increases in raw m… | — | — | — | — | — |
| Debt and cash | Just extending to the previous participant's question, as we're opening more L2, L3 stores right now, is it fair to believe that the payback period, i… | — | — | We had a lot of repayments in GOL in the current year because the previous year it went up significantly on account of inventory recall, melting etc. … | Fair to assume that this spread would have widened because the working capital cost increases for the informal sector should outpace the increasing go… | As far as working capital loan and almost equivalent or slightly more amount is held as cash also, it's in balance sheet, you see, INR 2,600 crores is… | We are not and your idea is correct when we move from cash flow to fair value if you remember idea is to not disturb P&L through hedging actions but w… | — |
| Demand | Or is there some bit of a demand issue that you could elaborate on? | There is demand trends have -- I won't say inelastic, but they have been significantly more stable and likely to continue to be so as compared to a lo… | We are delighted to have seen this kind of uptick in demand. | Now we have opened 6 stores last year and there is a very good pipeline of stores that's coming up and we are confident about Taneira and doing very w… | I think the volatility piece in demand linked to gold price volatility continues. | Sir, I just wanted to check with you whether the current elevated discounts in Jewellery, should it be or could it be seen as a possible indication of… | So I think demand outlook has been driven especially in this last quarter and even to an extent in Quarter 3 by the average ticket size growth which h… | Was it a brief period of stable gold demand that brought it back or I am sure you'll be doing certain activations, etc. on diamond. |
| Guidance | And that's what we expect the coming months to be. | First one was just a clarification that do you stick to the potential guidance for CaratLane which was given out during your annual investor meet and … | So it's too early to call out or give you a guidance or say anything that could guide you on where the rest of the quarter could kind of move. | So, what is the outcome going here, what is the guidance in the medium term, how many stores we are looking with regards to international expansion fo… | In addition to that, we expect to certainly add 40+ new stores. | Some guidance or some indication of a range would be helpful. | As far as coming to 11% to 11.5% margin guidance, I think that stays. | International loss has been around ₹80 crores in Q4. If you could guide us on the top line scale growth as well as near-term loss run rate for Damas, … |
| Margin | The Jewellery EBIT margin has declined about 80 basis points this quarter. | Internal As a consequence, the ratio kind of swing here and there, and that plays up in the way the GC (Gross Contribution) and EBIT margin percentage… | Or do you still hold on -- try to hold on to those lines on the margin range that you want to hold? | This is PAT margin of 12.1% and PBT margin of 11.3%. | So, consequently, I have mentioned in previous investor calls we have therefore seen a gradual reduction in the gold rate markup side of the gold jewe… | And this year, yes, in the current quarter, there has been, let's say, a gross margin, which is lower than what we would usually deliver in a studded … | But 11.6% nevertheless had element of, small element of operating leverage as well as some hedging gains sitting it. | But beyond a point, there will be impact on margin, and that is visible. |
| People | — | — | — | — | — | And that's the thing that we are learning and trying to see how to maximize so that even from an asset utilization, opex optimization point of view, w… | — | — |
| Pricing | I say this competitive intensity does not necessarily mean pricing. | And in Taneira, do you need to go back to the drawing board in terms of pricing, design, etcetera? | Of course, there is a gold price increase also. | The total benefit on account of diamond related price increases and inventory gains in the second half of the year is about 190 crores in the previous… | Yes, you could say that because the competitive intensity on gold rate and pricing have been pretty intense over the last 15 to 18 months. | And so there is a lot of pricing pressure. | One, given the incessant sort of price increase which you have seen in the gold commodity, just some snippets from you in terms of your research as we… | Again, we have seen that like my colleague just hinted me one thing which you would see in standalone, I don't know what page you are looking at, alth… |
| Revenue growth | And it did help us in getting a very good sales top line growth. | But if you look at our retail growth, we grew by 30% and our buyer growth was 38%. | Just wanting to understand how you think about it in this very high revenue growth environment. | My second question is on Taneira, so sales growth of 4% in Q4. I understand the Omicron impact but on a base of 14 stores for the full year you have a… | Just to give you a sense, if I look at 19% same-store growth in value, we have had overall buyer growth of around close to 16%. | Standalone growth was slightly above 17%, dispersed across the business portfolio a little differently. | So it is not that extraordinary effort to squeeze out the normal cost which we need to invest for the growth of the jewellery business. | Then you will be able to assess how the situation in terms of growth of revenue, margin of Damas itself is improving. |
What they said they would do
Sentences in which management set an expectation. Each names the speaker and the page of the transcript it came from.
| Date | Quarter | Who | What they said |
|---|---|---|---|
| 2022-08-12 | Q1FY23 | MR. SAUMEN BHAUMIK | As far as our margin structure is concerned, I think over the several quarters we have kind of demonstrated 64%-65% gross contribution works and to us it seems sustainable, combination of house brand focus, channel mix, in-house production, India sourcing are the factors that give us that view and as far as the PBT percentage is concerned and that I think in the ballpark of 15+ is what we anticipate. |
| 2022-11-10 | Q2FY23 | COMP/\NY | And therefore, the like-to-like is likely to be closer to 11%. |
| 2023-02-08 | Q3FY23 | MR. AJOY CHAWLA | I think it's more like taking the last previous 12 months and likely to be this fiscal kind of number, we may creep up towards 7% from 6.8% or whatever. |
| 2024-11-07 | Q2FY25 | MR. RAGHAVAN N S | Just clarifying on the guidance for EBIT margin, the earlier guidance was 11.5%-12.5% at the consol jewellery EBIT margin. |
| 2025-05-12 | Q4FY25 | MR. RAGHAVAN N S | So my question is that if we assume that the gold price remains where it is currently, then should we expect this 25% kind of topline growth to continue for the next 2 to 4 quarters? |
| 2025-11-08 | Q2FY26 | MR. RAGHAVAN N S | So as far as our growth outlook is concerned, we believe that we should be closing this year at a slightly higher number than what you are seeing, anywhere between 13% to 14%. |
| 2025-11-08 | Q2FY26 | MR. RAGHAVAN N S | So look, just to put some numbers, if you're expecting 15%, 17% jewellery growth or 15% to 20% of your guidance for the year, now with the rising gold prices, if you end up at 20% to 25% jewellery top line growth, will your EBIT growth also be at least Titan Company Limited November 04, 2025 slightly better than what you were expecting at the beginning of the year? |