Manufactures watch components — dials, hands and bracelets — for Swiss, Indian and Japanese watch brands, while also selling finished watches, accessories and luxury items through its own retail network and brand portfolio. The largest segment, watches, accessories and other luxury items and related services, contributed 1,626.67 crore of revenue (75.5% of segment revenue) in FY26 with EBIT of 110.74 crore, and houses the Ethos luxury watch retail chain (over 100 boutiques) and the Favre-Leuba Swiss watch brand (present in 20+ countries with 80+ points of sale). The precision and watch components segment earned 503.39 crore (23.4%) with EBIT of 105.57 crore and covers watch parts supplied to external brands plus the 'Eigen' precision engineering business which grew 35%+ to about 200 crore in FY26, serving EV, energy storage and electronics customers. A third small segment (Ornapac packaging) brought in 23.21 crore (1.1%) and is expected to turn profitable in H2 FY27. The biggest operating costs are employee costs at 12.6% of revenue and other operating expenses at 13.8%, with raw materials at only 6.7%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Watches, accessories and other luxury items and related services (76%), Precision and watch components (23%), Others (1%). Diversified consumer durables group spanning watch components, finished watch retail, packaging and precision engineering
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 816 | 1,119 | 1,391 | 1,648 | 2,153 |
| EBITDA (ex other income) | 107 | 162 | 249 | 260 | 306 |
| margin % | 13.1 | 14.4 | 17.9 | 15.8 | 14.2 |
| Owners' profit | 32 | 54 | 137 | 95 | 88 |
| EPS, as reported (₹) | 25.26 | 42.18 | 81.90 | 76.26 | 71.63 |
| ROE % · ROCE % | 12.0 · 16.1 | 11.0 · 15.0 | 12.0 · 16.2 | 10.1 · 12.5 | 7.0 · 10.4 |
| Debt / equity (x) | 0.50 | 0.18 | 0.09 | 0.09 | 0.08 |
| Cash from operations | 43 | 46 | 98 | (4) | 144 |
| Capex | (27) | (72) | (84) | (140) | (148) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 396 | 472 | 420 | 465 | 517 | 597 | 575 | 634 |
| Profit before tax | 49 | 56 | 44 | 44 | 47 | 54 | 50 | 62 |
| Net profit | 36 | 47 | 32 | 30 | 33 | 38 | 35 | 45 |
| EPS (₹) | 19.65 | 26.10 | 16.37 | 16.61 | 15.75 | 18.69 | 20.58 | 23.87 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Precision and watch components | 503 | 23.4 |
| Watches, accessories and other luxury items and related services | 1,627 | 75.5 |
| Others | 23 | 1.1 |
| Total, before eliminations | 2,153 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| TITAN COMPANY LIMITED | 4,44,743 | 77.5 | 28.32 | 51.7 | 32.3 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 25 Aug 2026 · Promoter Pranav Shankar Saboo's holding falls below 50 percent after open market sale | ownership changes | high | — | — |
| 24 Aug 2026 · Record date 8 Sept 2026 set for final dividend eligibility | corporate actions | high | — | — |
| 24 Aug 2026 · Newspaper Publication of Quarterly Financial Results | compliance | minimal | — | — |
| 24 Aug 2026 · KDDL BRSR: Rs 496 Cr turnover, 71% exports, 161K trees planted in FY26 | compliance | medium | — | — |
| 24 Aug 2026 · KDDL 46th AGM notice on Sep 15, 2026 via video conferencing | board shareholder meetings | low | — | — |
| 24 Aug 2026 · KDDL Annual Report FY26: revenue up 31.6% to Rs 504.8 Cr, RONW at 25.1% | results | high | — | — |
| 4 Aug 2026 · KDDL Q1FY27 Investor Presentation: Strong YoY Growth in Revenue and Profits | investor communications | medium | — | — |
| 4 Aug 2026 · KDDL Q1 FY27 results: standalone PAT up 64%, revenue rises 40% YoY | results | high | — | — |
| 4 Aug 2026 · Schedule of analyst/institutional investor meetings on 6 August 2026 | board shareholder meetings | low | — | — |
| 29 Jul 2026 · KDDL board meeting on 4 Aug 2026 to consider Q1 FY27 results | results | low | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| 32.7 |
| 32.3 |
| 14.2 |
| KALYAN JEWELLERS IND LTD | 62,083 | 43.3 | 9.84 | 23.4 | 21.4 | 22.1 | 33.0 | 6.5 |
| THANGAMAYIL JEWELLERY LTD | 15,910 | 40.7 | 11.24 | — | 24.8 | 30.3 | — | 5.4 |
| BLUESTONE JEWEL LFSTL LTD | 13,640 | 268.8 | 7.57 | 32.5 | 0.7 | 0.7 | — | 16.7 |
| PC JEWELLER LTD | 13,342 | 13.9 | 1.63 | 16.5 | 8.7 | 8.6 | 3.5 | 27.8 |
| SKY GOLD AND DIAMONDS LTD | 12,822 | 38.2 | 10.63 | 29.1 | 23.4 | 29.8 | — | 8.2 |
| P N GADGIL JEWELLERS LTD | 8,307 | 18.6 | 4.23 | 14.1 | 20.9 | 26.1 | — | 8.0 |
| ETHOS LIMITED | 7,118 | 67.7 | 4.28 | 27.7 | 5.8 | 7.0 | — | 16.2 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 49.0 | 23.4 | 23 of 29 | 21% |
| P/B | 2.5 | 2.8 | 13 of 28 | 56% |
| ROCE | 8.6 | 16.7 | 20 of 28 | 30% |
| ROE | 7.0 | 14.6 | 20 of 28 | 30% |
| Debt / Equity | 0.1 | 0.3 | 6 of 28 | 82% |
| EBITDA margin | 17.1 | 10.7 | 8 of 30 | 76% |
| Revenue growth | 36.3 | 45.7 | 16 of 25 | 38% |
| Profit growth | 50.7 | 49.8 | 12 of 25 | 54% |
| Market cap | 4757 | 2587 | 11 of 30 | 66% |
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| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
