Titan Company Ltd — earnings calls

Titan reported strong Q4 and full-year FY26 top-line growth across its businesses, with jewellery buyer growth returning to 8% after nine flattish months, aided by gold exchange programs and a diamond-focused campaign. International operations, including the recently acquired Damas, posted a Q4 loss of about ₹82 crores tied to GCC market disruption, though the international business was profitable for the full year. Management flagged a new transfer pricing arrangement affecting standalone jewellery EBIT and discussed margin pressure from rising gold prices being partly offset by product mix changes.