Indian jeweller Titan misses quarterly profit estimates as costs bite

Titan

08/05/2026 09:27

May 8 (Reuters) - India's top jeweller Titan TITN.NS reported fourth-quarter profit below market expectations on Tuesday, as higher costs offset renewed demand for gold ornaments and coins.

Titan, home to the Tanishq and CaratLane jewellery brands, said profit stood at 11.79 billion rupees ($124.60 million) for the quarter ended March 31, compared to 8.71 billion rupees a year earlier.

Analysts, on average, had expected 13.92 billion rupees, according to data from LSEG.

($1 = 94.6237 Indian rupees)

 (Reporting by Praveen Paramasivam in Chennai; Editing by Harikrishnan Nair)

 ((Praveen.Paramasivam@thomsonreuters.com; +91 867-525-3569;))