Titan Q1 FY27 earnings call transcript filed with exchanges
TITAN · price
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Titan filed its Q1 FY27 earnings call transcript. Management reported strong all-round growth but flagged one-offs: 407 crore customs duty gain and 75-80 basis point MTM gain in jewellery. Normalized Tanishq Mia Zoya EBIT margin was 10.9 percent. Studded jewellery recovery continued. Management kept 11 percent jewellery margin as center of gravity and reaffirmed FY30 double-digit growth targets from Investor Day. Watches normalized margin 17.8 percent versus 18.6 percent last year. CaratLane moving toward 10 percent margin, TEAL toward 12-16 percent.
Maintained guidance and reaffirmed FY30 targets despite one-offs. Studded recovery and margin initiatives seen supporting H2 performance.