Titan Company Limited — Investor Meet, 12-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Titan has announced a board meeting to consider the financial results for the quarter and half-year.

Titan reported strong Q4 and FY25 performance with ~20% YoY jewellery sales growth led by ticket size increase amid limited new buyers under ₹50,000 segments. Standalone jewellery EBITDA margin improved to ~11.6%, supported by operating leverage and hedging gains. Management expects healthy double-digit topline growth (15%-20%) in FY26, driven by a robust wedding season, infrastructure spend, and product innovation. Expansion plans include 40-50 new Tanishq stores plus 50-60 renovations. Gold metal loan facility aids inventory financing but adds working capital strain. Diamond studded jewellery grows steadily; lab-grown diamond market remains uncertain. Overall, management remains confident yet cautious, focusing on execution and long-term value.