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BOLD TITAN EYE + SILHOUETTES IDEALT SKINN Nura TITAN COMPANY Titan Company Limited Earnings Presentation for the Quarter ended June 30 , 2026
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2 Disclaimer This document, prepared by Titan Company Limited (the “Company”/”we”/”our”/”Titan”), is solely for information purposes and does not constitute any offer, invitation, recommendation, invitation to purchase or subscribe to any of Titan’s securities, and shall not form the basis of or be relied on in connection with any contract or binding commitment whatsoever. Certain statements are included in this release containing words or phrases such as “will,” “aim,” “will likely result,” “believe,” “expect,” “will continue,” “anticipate,” “estimate,” “intend,” “plan,” “contemplate,” “seek to,” “future,” “objective,” “goal,” “project,” “should,” “will pursue” and similar expressions or variations of these expressions, that are “forward - looking statements”. Actual results may differ materially from those suggested by these forward - looking statements due to certain risks or uncertainties associated with our expectations with respect to, but not limited to, our ability to implement our strategy successfully, the market acceptance of and demand for our products, our growth and expansion, the adequacy of our allowance for credit to franchisees, dealers and distributors, technological changes, volatility in income, cash flow projections and our exposure to market and operational risks. By their nature, certain market risk disclosures are only estimates and could be materially different from what may actually occur in the future. As a result, actual future gains, losses or impact on net income could materially differ from those that have been estimated. In addition, other factors that could cause actual results to differ materially from estimates in the forward - looking statements include, but are not limited to, general economic and geo - political conditions in India and the other countries that have an impact on our business activities; inflation, unanticipated variance in interest rates, foreign exchange rates, the prices of raw material including gold and diamonds, or other rates or prices, changes in Indian and foreign laws and regulations, Acts of God, acts of terrorism, acts of war and pandemics, tax and accounting regulations, and changes in competition and the pricing environment in India. The Company may, from time to time make additional written and oral forward - looking statements, including statements contained in the Company’s filings with SEBI and the Stock Exchanges and in our reports to shareholders. The Company does not undertake to update any forward - looking statements that may be made from time to time by or on behalf of the Company, to reflect events or circumstances after the date thereof. 2
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3 Other Updates Financial Performance Business Performance Executive Summary About the Company The Titan Story Our Journey So Far Our Business Segments Titan Brands Titan Company Structure FUELLED BY IDEAS. SCALING FRONTIERS. About the Company
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4 v The Titan Story Our Vision We create elevating experiences for the people we touch and significantly impact the world we work in Our Mission We will do this through a pioneering spirit and a caring, value - driven culture that fosters innovation, drives performance, and ensures the highest global standards in everything we do Our Values and Beliefs Customer First Customers take precedence over all else, always People Make the Brand Titanians are at the heart of our success and that is why their dreams and aspirations are at the forefront of our brand policy Culture and T eamwork High Performance is the way of life Passion for Excellence In all our pursuits, we ceaselessly strive for excellence Creativity and Innovation Driven by innovation and creativity, we focus on smarter approaches and newer technologies Corporate Citizenship We ensure that a part of our resources is invested for the betterment of the environment and community 4
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5 - 2,996 11,343 76,078 FY84 FY87 FY94 FY96 FY98 FY03 FY05 FY07 FY08 FY09 FY11 FY13 FY16 FY17 FY20 FY22 FY26 Our Journey So Far 1984 1987 1994 1996 1998 2003 2005 2007 2008 2009 2011 2013 2016 2017 2020 2022 2026 Company incorporation Jewellery facility inaugrated and Golden Harvest Scheme and Precision Engineering (PED) and Titan E - Commerce Acquisition Demerged PED Gold Plus Tanishq Acqui - hire of HUG Innovations 808 354 Revenue ( ₹ crores) Acquisition
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6 Titan’s Consumer Businesses (1/2) Jewellery India’s Leading Organised Jewellery Retailer ~8.5 % Market share* 20%+ Digitally Influenced sales Manufacturing Capabilities • Plants in Hosur, Pantnagar • Product development center in Mumbai • Karigar Park in Midnapore • CaratLane manufacturing facilities in Mumbai and Chennai Watches India’s Leading Watches Brand ~ 27% Analog Market share (India) 10,000+ PAN India Touchpoints Manufacturing Capabilities • Plants in Hosur and Coimbatore • Facilities in Roorkee, Pantnagar , and Sikkim EyeCare India’s Most Trusted Optical Chain #2 in Organized Optical Retail segment 800+ Exclusive Brand Outlets Manufacturing Capabilities • Plant in Chikkaballapur • Lens Lab facility at Kolkata Note: 1. Market share data is based on internal estimates of the domestic market 2. All numbers are as on 31 st March 2026
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7 Titan’s Consumer Businesses (2/2) Indian Dresswear (‘ Taneira’) Pure Handcrafted Weaves Taniera Weavershala An initiative by brand ‘ Taneira ’ supporting weavers with technical expertise and improving their working conditions Fragrances India’s Leading Fine Fragrances Brand 950+ Touch points across India for brands ‘Skinn’ & ‘Fastrack’ Including presence at Titan World and Fastrack Outlets Women’s Bags Thoughtfully designed Bags ~ 170 Departmental Stores presence for brands ‘Irth’ and ‘Fastrack’ Note: 1. Market share data based on internal estimates; All numbers are as on 31 st March 2026 2. * - Clusters represent regions of India with distinct traditional handloom weaving practices 100+ Clusters* 75+ Exclusive Taneira Brand Outlets 3,400+ Multi - Brand Outlets 14 Skinn Kiosks 17 Exclusive Irth Brand Outlets
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8 0 50 100 150 200 250 300 350 400 450 500 550 600 650 700 750 800 850 900 950 1,000 Mass Market Mid Market Premium Luxury Titan Brands - Segmentation Landscape & Brand Size Touch Points Note: 1. Bubble size for the brands represents the indicative Business size as of 31 st March 2026 (not to scale) 2. Touch points refer to the physical brand presence across exclusive retail outlets, large format stores and other channels as app licable for the respective brands +
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9 Titan Company Structure Titan Engineering & Automation Limited (TEAL) CaratLane Trading Private Limited TCL North America Inc Titan Holdings International FZCO, Dubai Titan Commodity Trading Limited Titan Company Limited 100% 100% 100% 100% 100% TEAL USA Inc. StudioC Inc., USA 100% 100% Titan Global Retail LLC, Dubai Titan International QFZ LLC, Qatar 100% 100% 67% Note: 1. Minority stakes are not included in the above structure 2. Company Structure is as of 30 th June 2026 3. * Signature Jewellery Holding Ltd. [SJHL], is the holding company for Damas Jewellery entities 100% Titan Watch Company Limited, Hong Kong Signature Jewellery Holding Limited, Dubai* 100% Damas LLC & Subsidiaries
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10 Other Updates Financial Performance Business Performance Executive Summary About the Company Titan at a Glance Quarter Highlights Management Commentary Business Highlights Executive Summary
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11 Titan at a Glance Financial strengths ₹ 821 bn TTM* Total income (excl. Bullion & Digi - gold) ₹ 58 bn TTM Profit After Tax ₹ 3,911 bn Market Capitalization on BSE Retail presence 3,680 Stores 5.4 mn Retail area ( sq.ft .) People, Customers, Facilities 14,000+ Employees on roll 50 mn Encircle Members 11 Manufacturing facilities 450+ Town presence Note: 1. TTM: Trailing twelve months 2. All figures are on a consolidated basis and as on 30 th June 2026, rounded to nearest integers; Town presence includes International locations
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12 Titan Zero Hour sets a Guinness World Record: The Titan Zero Hour 500M timepiece established a Guinness World Record for the world's deepest underwater product photoshoot at 52.1 metres (170.9 ft) , pushing the boundaries of engineering excellence and reinforcing Titan's legacy of precision and trusted performance Titan’s engrossing watchmaking journey regales audiences: The feature film Made in India: A Titan Story (aired on Amazon Prime Video) brought to life Titan's four - decade journey of resilience, innovation and craftsmanship that helped shape India's watch industry earning enduring consumer trust Titan Zero Hour video embedded as hyperlink Quarter Highlights Naseeruddin Shah's First Look For 'Made in India – A Titan Story' | Titan Company
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13 Management Commentary Q1FY27 was a strong opening quarter for us, with our Consumer Businesses registering 40% YoY growth. Through innovation and design led differentiation, our portfolio of brands across Jewellery, Watches, EyeCare and Emerging businesses continue to deliver exceptional value to customers seeking premium offerings. Our TEAL business is growing from strength to strength, raising the bar of excellence in the high - precision engineering sectors and delivering best - in - class value for our customers. The broad - based performance notwithstanding, the quarter demanded significant agility on multiple fronts from navigating gold prices to the sharp changes in the duty structure and to managing geopolitical headwinds across our international operations. We continue to remain focused on brand investment, customer engagement, and disciplined execution that has defined Titan's growth journey - Mr. Ajoy Chawla, Managing Director
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14 Note : • Figures in ₹ crores, unless stated otherwise (All figs. rounded to the nearest integers); Bubble figures represent % contributions of the re spective Businesses as a % of the Total for the respective periods • Income & EBIT of Jewellery Business includes Domestic Business of Tanishq, CaratLane, Mia, Zoya & beYon • Watches and EyeCare business financials represent domestic business of their respective brands • All consumer business representations above exclude financials related to primary shipments to International entities, export s, if any and hence may differ from the Standalone Reported Financials • Domestic Income in Jewellery and Titan Company excludes Bullion and Digi - Gold sales of ₹ 452 crores in Q1FY27 ( ₹ 1,732 crores in Q1FY26) • Emerging Businesses comprise of Taneira , Fragrances & Women’s Bags Consumer Businesses View (Domestic) – Quarterly Jewellery Watches EyeCare Total Domestic Consumer Businesses 12,243 16,943 +38.4% 1,239 1,510 + 21.8 % 234 285 108 128 +18.2% 13,824 18,867 +36.5% 89 9 8 2 2 1 1 1,389 2,368 11.3% 14.0% 286 295 23.1% 19.5% 20 25 8.5% 8.9% +27.8% (14) (39) ( 12.9%) (30.2%) 1,680 2,649 12.1 % 14.0% +57.7% EBIT Domestic Income 83 17 11 1 1 1 1 +70.5% Emerging Businesses +21.9% +3.1% 90 89 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Q1FY26 Q1FY27
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15 1,408 2,360 Consolidated Business View – Quarterly Jewellery Watches EyeCare Other Businesses Titan Company 12,797 18,253 +42.6% 1,273 1,543 +21.2% 238 289 +21.4% 415 566 +36.4% 14,778 20,753 +40.4% 87 9 7 1 2 3 3 11.0% 12.9% 287 295 22.6% +2.7% 20 24 8.3% 8.3% 61 104 14.7% 18.4% 1,751 2,782 11.8 % 13.4% +58.9% EBIT Total income 16 11 1 1 4 3 +67.7% Note : • Figures in ₹ crores, unless stated otherwise (All figs. rounded to the nearest integers); Bubble figures represent % contributions of the re spective Businesses as a % of the Total for the respective periods • Income & EBIT of Jewellery Business includes Domestic and International Business of Tanishq, CaratLane, Mia, Zoya. Correspond ing Income and EBIT of Damas business included, post acquisition, from Q4FY26 in Jewellery • Total Income in Jewellery and Titan Company excludes Bullion and Digi - gold sales of ₹ 749 crores in Q1FY27 ( ₹ 1,850 crores in Q1FY26) • Other Businesses comprise of Taneira , Fragrances, Women’s Bags & ‘Titan Engineering & Automation Limited’ (‘TEAL’) • Titan Company figures include Corporate segment financials Q1FY26 Q1FY27 88 80 85 +21.5% +70.5% 19.1% Q1FY26 Q1FY27 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Q1FY26 Q1FY27
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16 Other Updates Executive Summary Business Performance About the Company Financial Performance Jewellery Watches EyeCare Emerging Business TEAL Jewellery
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17 Jewellery : Quarterly Business Performance (Domestic) Campaign videos embedded as hyperlinks 22 stores (net) were added in the quarter Tanishq, Mia, Zoya, beYon • Business grew c . 38 % YoY to ₹ 15 , 502 crores, led by healthy Akshaya Tritiya demand and supported by wedding led purchases during the quarter ; the same - store retail growth (secondary) was c . 33 % YoY • Amid a steep increase in customs duty from 6 % to 15 % (effective May 13 , 2026 ) , Tanishq's attractive exchange - led proposition anchored footfalls and conversions, driving an overall buyer growth of c . 5 % YoY . Average ticket sizes grew c . 31 % YoY . • Within product categories, plain gold jewellery grew c . 35 % YoY and studded grew c . 34 % YoY ; Coins continuing their strong momentum, grew c . 65 % YoY • EBIT came in at ₹ 2 , 202 crores at 14 . 2 % margin ; Adjusting for ₹ 386 crores of benefit in realization due to the custom duty increase, the resultant EBIT was ₹ 1 , 816 crores at 11 . 7 % margin, recording a growth of c . 37 % YoY • The store additions (net) in the portfolio were distributed as 4 stores in Tanishq, 17 stores in Mia and 1 store in beYon respectively .
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18 Jewellery : Quarterly Business Performance (Domestic) Campaign videos embedded as hyperlinks CaratLane • Business grew c . 41 % YoY growth to ₹ 1 , 441 crores for the quarter • Growth was broad - based across both online and offline retail channels . Targeted promotions, exchange offers and attractive schemes on making charges continued to resonate well across consumer cohorts resulting in strong double - digit buyer growth for the brand • The studded portfolio continued to be the dominant category growing c . 42 % YoY ; Gold jewellery saw growths in the mid - twenties • The EBIT grew c . 144 % YoY to ₹ 166 crores for the quarter clocking 11 . 5 % margin . Adjusting for ₹ 21 crores of benefit in realization due to the custom duty increase, the resultant EBIT was ₹ 145 crores at 10 . 1 % margin, a growth of c . 113 % YoY, driven primarily by operating leverage benefits 11 stores (net) were added in the quarter
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19 Jewellery : Quarterly Business Performance (International) Campaign videos embedded as hyperlinks Tanishq, Mia, CaratLane • Business clocked strong a c . 85 % YoY growth in North America (‘NA’) and encouraging c . 38 % YoY growth in GCC anchored by network expansion and healthy like - for - like retail traction • NA growth was driven by purchase occasions amongst the Indian diaspora and sustained brand investments in the region • In GCC, 2 (net) new stores were added during the quarter • The international footprint across the portfolio stands at 32 stores as of June 30 , 2026 Damas • The Damas (core) business clocked Revenue of ₹ 396 crores for the quarter . • The Tanishq converted stores (for which Damas is a franchise partner), clocked Revenue of ₹ 154 crores in the quarter • Considering the above, the Damas (entity) Revenues (excluding bullion sales) , were ₹ 550 crores* for the quarter • Consumer demand across GCC was impacted by geopolitical disruptions in the region ; Notwithstanding the above, business is showing early signs of gradual recovery across key operating parameters • The business added 2 new stores and closed 3 stores during the quarter . The Damas core network, as of June 30 , 2026 , comprises of 122 stores across the 6 GCC countries Note*: The Tanishq business in GCC includes Revenue of stores converted from Damas to Tanishq to reflect an holistic underlying bran d performance. The Damas (core) business excludes these converted stores; It is to be noted that in statutory financial reporting, the performance of these converted stores wo uld be reported under Damas LLC (entity) financials
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20 Jewellery : Quarterly Business Performance Secondary YoY Growth (%) Tanishq, Mia, Zoya (Domestic) 38% Overall 33% Like to like Product Mix % of Domestic Jewellery (including CaratLane) Gold, Coins, Others Studded • All figures rounded to nearest integers; Damas Income and EBIT are included, post acquisition. Hence the International figure s ( total) are not strictly comparable to last year Revenue ( ₹ crores) Q1FY26 Q1FY27 YoY% Domestic 12,243 16,943 38.4% - Tanishq, Mia, Zoya 11,217 15,502 38.2% - CaratLane 1,026 1,441 40.5% International 554 1,309 136% - Tanishq, Mia, CaratLane 554 913 64.7% - Damas (Core) - 396 - Total Income 12,797 18,253 42.6% EBIT (₹ crores) Q1FY26 Q1FY27 YoY% Domestic 1,389 2,368 70.5% EBIT Margin % 11.3% 14.0% 263 bps - Tanishq, Mia, Zoya 1,321 2,202 66.7% EBIT Margin % 11.8% 14.2% 243 bps - CaratLane 68 166 144.4% EBIT Margin % 6.6% 11.5% 490 bps International 19 (8) - EBIT Margin % 3.4% (0.6%) - - Tanishq, Mia, CaratLane* 19 59 214.6% EBIT Margin % 3.4% 6.5% 309 bps - Damas (Core) - (67) - EBIT Margin % - (16.9%) Total EBIT 1,408 2,360 67.7% EBIT Margin % 11.0% 12.9% 193 bps All Brands (Domestic) 39% Overall 33% Like to like Effective Q1FY27, Coloured Stones have been reclassified from Studded to the ‘Gold, Coins, Others’ category. Accordingly, the Studded mix has been restated for both the periods above. Comparable Studded share for Q1FY25 was 28% 73% 27% Q1FY26 73% 27% Q1FY27
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21 Jewellery : Campaigns Campaign videos embedded as hyperlinks • Introduced 'Shaya Diamonds', India's first collection featuring natural diamonds set in 925 silver, making natural diamonds more accessible • Expanded CaratLane’s contemporary & occasion wear portfolio with ‘Leher’ & ‘ Polki ’ collections CaratLane • Introduced 'Sunkissed', a summer - inspired jewellery collection celebrating effortless everyday style Mia • Unveiled 'Her Becoming', a high jewellery collection celebrating personal transformation through rare white diamonds Zoya • Unveiled 'Hues' campaign introducing Tanishq's natural gemstone jewellery collection for contemporary self - expression • Launched 'Souls in Symphony' campaign, celebrating natural diamonds through modern sisterhood and meaningful connections Tanishq • Strengthened brand affinity through 'A Place Called Home', highlighting Damas' deep regional roots and community connection • Celebrated Eid - Al - Adha with a heritage - led campaign reinforcing Damas' position as the jewellery brand of choice for Arab women Damas
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22 Design Corner: Tanishq Hues – Natural Gemstones, Re-imagined: Natures Finest. Beautifully Crafted. Campaign videos embedded as hyperlinks
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23 Design Corner: Damas – Inspired by Heritage: Crafted for Enduring Brilliance Campaign videos embedded as hyperlinks
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24 Jewellery: Retail Network Note: * - The Area additions (net) include existing store refurbishments. Hence the store additions (net) and the Area additions (net) do not have a direct 1:1 co - relation Brand Particulars Mar’26 QTD Additions (Net) Jun’26 Stores - Domestic (#) Stores - International (#) Area sq. ft. (k)* Town Presence (#) 528 29 2,718 311 4 2 48 1 532 31 2,767 312 Stores - Domestic (#) Stores - International (#) Area sq. ft. (k) Town Presence (#) 282 1 253 112 17 - 19 9 299 1 272 121 Stores (#) Area sq. ft. (k) Town Presence (#) 13 35 9 - - - 13 35 9 Stores (#) Area sq. ft. (k) Town Presence (#) 1 1 1 1 1 1 2 2 2 Stores - Domestic (#) Stores - International (#) Area sq. ft. (k) Town Presence (#) 370 2 484 158 11 - 17 3 381 2 502 161 Stores (#) Area sq. ft. (k) Town Presence (#) 123 132 23 (1) (1) - 122 131 23
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25 Other Updates Financial Performance Business Performance Executive Summary About the Company Jewellery Watches EyeCare Emerging Business TEAL Watches
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26 Watches: Quarterly Business Performance • Domestic Watches business delivered a healthy growth of c.22% YoY to ₹ 1,510 crores, led by continuing premiumization trends in the analog segment • Analog watches remained the core growth engine for the Division, clocking growth in the mid twenties YoY, driven by healthy contributions from both volume uptake and average selling price expansion • Titan brand sustained its strong premium positioning with robust double - digit growth; Fastrack sustained its youth - focused momentum with healthy double - digit value growth; Helios growth tracked broadly in line with the analog segment, driven by consumer preference for premium international and in - house brands • Smart Watches declined in single - digits YoY, reflecting an ongoing category recalibration as the division continues to focus on sustainable unit economics (ASP clocked low double - digits growth YoY) over volume • Same - store retail growth across key formats — Titan World, Helios and Fastrack — remained healthy in the quarter • The business had one - time gains resulting from inventory revaluation that had a positive EBIT margin impact. Adjusting for this, the EBIT for the business was ₹ 275 crores at 17.8% margin, resulting in c.16% YoY growth • Business store additions (net) in the quarter comprised of 9 stores each in Titan World and Fastrack, 14 stores in Helios and 2 stores in Helios Luxe respectively Campaign videos embedded as hyperlinks 34 stores (net) were added in the quart er
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27 Watches: Quarterly Business Performance Business Performance (₹ crores) Q1FY26 Q1FY27 YoY% Domestic 1,239 1,510 21.8% International 34 32 (4.2%) Total Income 1,273 1,543 21.2% Total EBIT 287 295 2.7% EBIT Margin % 22.6% 19.1% (344 bps) Overall YoY Secondary UCP Like to Like YoY 18% 40% 19% 19% 13% 33% 10% 18% LFS
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28 Watches : Campaigns • Debuted at Watches & Wonders Geneva 2026, showcasing the Titan Edge Ultraslim Mechanical and Nebula Genesis, marking Titan's entry onto the global luxury watchmaking stage • Expanded the Nebula portfolio with new Ashvi variants, strengthening its luxury 18K gold watch offering Titan • Introduced the 'Never Same. Never Sane.' campaign featuring Siddhant Chaturvedi, reinforcing Fastrack's youth - first positioning • Expanded the smartwatch portfolio with new Jupiter and Revoltt collections, strengthening its youth - focused wearables portfolio Fastrack • Expanded the Poze portfolio with contemporary designs, strengthening Sonata's fashion - led offering for young consumers Sonata Campaign videos embedded as hyperlinks Premium Brands • Brought Swiss watchmaker Roamer to India, strengthening Titan's premium international watch portfolio through Helios and Titan World
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29 Design Corner: Where Every Millimetre Matters – Titan Edge Ultraslim Mechanical Crafted to redefine the limits of ultra-slim mechanical watchmaking
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30 Design Corner: Nature, Reimagined in Time – Titan Raga Celebrating nature's beauty through sculptural watch design
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31 Watches: Retail Network Brand Particulars Mar’26 QTD Additions (Net) Jun’26 Stores (#) Area sq. ft. (k)* Town Presence (#) 755 532 353 9 7 4 764 539 357 Stores (#) Area sq. ft. (k) Town Presence (#) 258 123 115 9 5 4 267 128 119 Stores (#) Area sq. ft. (k) Town Presence (#) 290 211 104 14 10 4 304 222 108 Stores (#) Area sq. ft. (k) Town Presence (#) 8 13 6 2 2 3 10 15 9 Multi Brand Outlet Presence 8,500+ Multi Brand Retailers (MBR) 600+ Large Format Stores (LFS) 2,000+ MBR Town Presence 180+ LFS Town Presence Note: * - The Area additions (net) include existing store refurbishments. Hence the store additions (net) and the Area additions (net) do not have a direct 1:1 co - relation
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32 Other Updates Financial Performance Business Performance Executive Summary About the Company Jewellery Watches EyeCare Emerging Business TEAL EyeCare
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33 EyeCare: Quarterly Business Performance Business Performance (₹ crores) Q1FY26 Q1FY27 YoY% Domestic 234 285 21.9% International 3 4 20.6% Total Income 238 289 21.4% EBIT 20 24 21.5% EBIT Margin % 8.3% 8.3% (0) bps • EyeCare's domestic business delivered c . 22 % YoY growth to ₹ 285 crores, reflecting broad - based momentum across both owned and international brand portfolios • Growth was well - supported by calibrated marketing investments driving multi - pair and multi - category consumer propositions ; Lenses led the the portfolio with strong growth, while sunglasses and frames also contributed steadily to the overall growth • International brands sustained their healthy trajectory, clocking strong double - digit growth driven by growing consumer preference for premium eyewear offerings • Premiumisation remained a visible trend across the portfolio, contributing to a double - digit growth in average selling prices YoY • Division recorded an EBIT of ₹ 24 crores at 8 . 3 % margin for the quarter • Of the store additions (net), 6 were in Titan Eye+ and 1 was in Runway respectively Note:- * - Omni-channel growth represents the combined growths of Titan Eye Plus (TEP) retail channel and the growths via Titan E-commerce (TEC) portal 21% Overall EyeCare Secondary UCP YoY Growth (Omni-channel*) 7 stores were added in the quart er Campaign videos embedded as hyperlinks
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34 EyeCare: Retail Network Brand Particulars Mar’26 QTD Additions (Net) Jun’26 Stores - Domestic (#) Stores - International (#) Area sq. ft. (k)* Town Presence (#) 832 7 561 318 6 - 7 1 838 7 569 319 Stores (#) Area sq. ft. (k) Town Presence (#) 8 3.1 6 1 0.2 1 9 3.4 7 Note: * - The Area additions (net) include existing store refurbishments. Hence the store additions (net) and the Area additions (net) do not have a direct 1:1 co - relation
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35 Other Updates Financial Performance Business Performance Executive Summary About the Company Jewellery Watches EyeCare Emerging Business TEAL Emerging Business
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36 Emerging Business : Quarterly Business Performance Business Performance Operating Revenues ( ₹ crores) Q1FY26 Q1FY27 YoY% Total Income 108 128 18.2% EBIT (14) (39) EBIT margin (12.9%) (30.2%) Taneira Secondary UCP YoY Growth 8% Overall (10%) Like to Like • The Emerging Businesses portfolio delivered a combined growth of c.18% YoY for the quarter clocking ₹ 128 crores Revenue with continued progress across key categories • Women's Bags delivered strong double - digit YoY growth, driven by continued network expansion, increasing e - commerce penetration and sustained brand investments. The brand added 2 stores during the quarter • Fragrances recorded mid - teen YoY growth, driven primarily by healthy volume growth across SKINN and Fastrack perfumes, while continuing to deliver consistent profitability. The brand added 1 store during the quarter • Taneira reported flattish YoY growth, with underlying consumer (secondary) demand remaining healthy. The brand continues to focus on strengthening same - store performance ahead of accelerating network expansion • The Emerging Businesses portfolio reported a combined loss of ₹ 39 crores during the quarter Campaign videos embedded as hyperlinks
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37 Emerging Businesses: Retail Network Brand Particulars Mar’26 QTD Additions (Net) Jun’26 Stores (#) Area sq. ft. (k) Town Presence (#) 78 231 41 (1) (4.9) - 77 226 41 Stores (#) Area sq. ft. (k) Town Presence (#) 17 7 10 2 0.9 2 19 8 12 Stores (#) Area sq. ft. (k) Town Presence (#) 1 0.2 1 1 0.1 1 2 0.3 2 Note: * - The Area additions (net) include existing store refurbishments. Hence the store additions (net) and the Area additions (net) do not have a direct 1:1 co - relation
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38 Other Campaigns EyeCare Taneira • Introduced the 'Always a Little Ready' campaign, celebrating thoughtfully designed handbags that blend style with everyday functionality • Expanded the portfolio with the 'Easy Bags' collection, introducing raffia - inspired designs for work, travel and everyday use Fashion Accessories Campaign videos embedded as hyperlinks Fragrances • Introduced 'Inaya', a contemporary occasion - wear saree collection designed for modern celebrations under the 'Never Look the Same' theme • Introduced the 'Papa, Chashma Yahan Hai' Father's Day campaign, promoting preventive eye care through emotionally resonant storytelling • Expanded Titan Eye+'s premium eyewear portfolio with new international brands and design - led collections, reinforcing its premiumisation strategy • Introduced 'Amalfi', bringing Mediterranean - inspired luxury fragrances to the Indian premium perfume market
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39 Other Updates Financial Performance Business Performance Executive Summary About the Company Jewellery Watches EyeCare Emerging Business TEAL TEAL
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40 Titan Engineering & Automation Limited (‘TEAL’) : Quarterly Business Performance • Total Income grew c.43% YoY to ₹ 438 Cr • The EBIT margin came in at ₹ 143 Cr at c.33% margin. The margins are not fully comparable to earlier quarters on account of significant seasonality impact in the Automation Solutions business • Overall, the businesses continue to perform better than last year on key financial parameters. Across both Automation Solutions and Manufacturing Services Businesses, TEAL is expanding its presence to serve marquee Indian as well as global customers Particulars ( ₹ crores) Q1FY26 Q1FY27 YoY% Total Income 307 438 42.8% EBIT 75 143 91.8% EBIT Margin % 24.4% 32.7% 837 bps
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41 Other Updates Financial Performance Business Performance Executive Summary About the Company Financials – Business & Reported Capital Employed Financial Performance Trends Financial Performance
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42 Financials – Business & Reported – Quarter (Consolidated) Total Income ( ₹ crores) EBIT ( ₹ crores) EBIT Margin (%) Particulars” Q1FY26 Q1FY27 YoY% Q1FY26 Q1FY27 YoY% Q1FY26 Q1FY27 YoY (bps) Consumer Businesses [A=( i )+(ii)] 14,416 20,212 40% 1,701 2,640 55% 11.8% 13.1% 127 bps ( i ) Domestic Businesses 13,824 18,867 36% 1,680 2,649 58% 12.2% 14.0% 189 bps Jewellery 12,243 16,943 38% 1,389 2,368 71% 11.3% 14.0% 263 bps - Tanishq, Mia, Zoya, beYon 11,217 15,502 38% 1,321 2,202 67% 11.8% 14.2% 243 bps - CaratLane 1,026 1,441 40% 68 166 144% 6.6% 11.5% 490 bps Watches 1,239 1,510 22% 286 295 3% 23.1% 19.5% (354) bps EyeCare 234 285 22% 20 25 28% 8.5% 8.9% 41 bps Emerging Businesses 108 128 18% (14) (39) - (12.9%) (30.2%) - (ii) International Business* 591 1,346 128% 20 (9) - 3.4% (0.7%) (407) bps Jewellery 554 1,309 136% 19 (8) (142%) 3.4% (0.6%) (400 bps) Watches 34 32 - 1.4 0 - 4.2% 0.6% (355 bps) EyeCare 3 4 21% (0) (1.4) - (4.8%) (35%) - Other Business [B] – TEAL 307 438 43% 75 143 92% 24.4% 32.7% 837 bps Businesses (Total) [C=A+B] 14,723 20,651 40% 1,775 2,784 57% 12.1% 13.5% 142 bps Others # [D] 56 102 - (24) (2) - - - - Consol. Financials [E=C+D] (excl. Bullion & Digi - gold) 14,778 20,753 40% 1,751 2,782 59% 11.8% 13.4% 156 bps Bullion & Digi - gold [F] 1,850 749 (60%) - - - Reported Consolidated Financials [G=E+F] 16,628 21,502 29% 1.751 2,782 59% Note: • “ - Income & EBIT of Businesses are to represent their performance and may differ from the Reported Financials; The detailed brid ge capturing key differences is part of Annexure for reference • * - International Business includes financials of Jewellery (Tanishq, Mia, CaratLane, Damas), Watches and EyeCare businesses outside India ; Damas financials included post acquisition from Q4FY26 • # - Others consist of Corporate segment financials, unallocated portions, adjustments and eliminations, if any • All figures rounded to nearest integers
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43 Capital Employed: Consolidated Note: • Figures in ₹ crores, unless stated otherwise; All figures are as per the Reported Financials • Other Businesses include Emerging Businesses (Taniera, Fragrances & Women’s Bags) and the subsidiary TEAL • Titan Company figures include Corporate (unallocated) component Jewellery Watches EyeCare Other Businesses Titan Company Liabilities Equity Assets 19,710 31,537 10,187 18,155 29,897 49,692 Q1FY26 Q1FY27 1,376 1,502 3,091 3,865 4,467 5,367 Q1FY26 Q1FY27 403 446 294 280 697 726 Q1FY26 Q1FY27 886 979 856 1,071 1,742 2,050 Q1FY26 Q1FY27 28,867 46,396 12,721 17,488 41,588 63,884 Q1FY26 Q1FY27
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44 Consolidated: Quarterly Performance Trends Total Income ( ₹ crores) and YoY Growth (%) PAT ( ₹ crores) and PAT Margin (%) Note: 1. Figures in ₹ crores, unless stated otherwise; All figures are as per the Reported Financials 2. Total Income figures as per Reported Financials excluding Bullion and Digi - gold sales FY24: 47,454; 23% FY25: 57,338; 21% 23% 23% 30% 24% 21% 24% 31% 24% % of FY 11,069 10,835 14,110 11,440 12,308 13,556 17,582 13,891 14,778 16,407 24,592 20,300 20,753 21% 24% 24% 21% 11% 25% 25% 21% 20% 21% 40% 46% 40% Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Q4'26 Q1'27 FY24: 3,496; 7.4% FY25: 3,337; 5.8% 756 916 1,053 771 715 704 1,047 871 1,091 1,120 1,684 1,179 1,777 6.8% 8.5% 7.5% 6.7% 5.8% 5.2% 6.0% 6.3% 7.4% 6.8% 6.8% 5.8% 8.6% Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Q4'26 Q1'27 FY26: 5,073; 6.7% FY26: 76,078; 33% 19% 22% 32% 27%
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45 Consolidated: Annual Segment Trends EBIT ( ₹ crores) and EBIT Margin (%) EBIT ( ₹ crores) and EBIT Margin (%) EBIT ( ₹ crores) and EBIT Margin (%) Note: 1. Figures in ₹ crores, unless stated otherwise; All figures are as per the Reported Financials 2. Jewellery Total Income excludes Bullion and Digi - gold sales Jewellery Total Income ( ₹ crores) and YoY Growth (%) Watches Total Income ( ₹ crores) and YoY Growth (%) EyeCare Total Income ( ₹ crores) and YoY Growth (%) 24,478 33,706 41,361 50,362 67,602 36% 38% 23% 22% 34% 0 10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 FY22 FY23 FY24 FY25 FY26 2,317 3,310 3,930 4,598 5,267 46% 43% 19% 17% 15% FY22 FY23 FY24 FY25 FY26 517 689 726 801 916 38% 33% 5% 10% 14% FY22 FY23 FY24 FY25 FY26 3,069 4,387 4,812 4,899 7,209 13% 13% 12% 10% 11% FY22 FY23 FY24 FY25 FY26 100 408 393 548 824 4% 12% 10% 12% 16% FY22 FY23 FY24 FY25 FY26 56 98 80 80 77 11% 14% 11% 10% 8% FY22 FY23 FY24 FY25 FY26
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46 Consolidated: Annual Performance Trends Total Income ( ₹ crores) & YoY Growth (%) EBIT ( ₹ crores) and EBIT Margin (%) PAT ( ₹ crores) and PAT Margin (%) Total Equity ( ₹ crores) Return on Average Capital Employed (%) Return on Average Equity (%) Note: 1. Figures in ₹ crores, unless stated otherwise; All figures are as per the Reported Financials 2. Total Income excludes Bullion and Digi - gold sales 27,988 38,675 47,454 57,339 76,078 37% 38% 23% 21% 33% FY22 FY23 FY24 FY25 FY26 3,176 4,747 5,242 5,488 8,082 11% 12% 11% 10% 11% FY22 FY23 FY24 FY25 FY26 2,198 3,274 3,496 3,337 5,074 7.9% 8.5% 7.4% 5.8% 6.7% FY22 FY23 FY24 FY25 FY26 9,333 11,904 9,393 11,624 15,703 FY22 FY23 FY24 FY25 FY26 33% 39% 36% 37% 46% FY22 FY23 FY24 FY25 FY26 26% 31% 33% 32% 37% FY22 FY23 FY24 FY25 FY26
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47 Consolidated: RoE (%) Performance Trends - PAT ( ₹ crores) Note: 1. All figures are as per the Reported Financials; PAT figures are for trailing twelve months from the respective period stated 2. Total Income excludes Bullion and Digi - gold sales 3. Acquisition of CaratLane ‘s Non - Controlling Interest (NCI), in H2FY24, has led to reduction in retained earnings that is reflect ed in the lower average equity 693 974 1,757 2,252 3,219 3,274 3,321 3,496 3,243 3,337 4,129 5,073 Return on Average Equity (%) Average Equity ( ₹ crores) 7,087 7,072 8,417 9,023 10,618 11,365 10,649 11,100 10,509 11,270 13,664 14% 25% 27% 36% 31% 29% 33% 29% 32% 37% 37% Mar-21 Sep-21 Mar-22 Sep-22 Mar-23 Sep-23 Mar-24 Sep-24 Mar-25 Sep-25 Mar-26
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48 Other Updates Financial Performance Business Performance Executive Summary About the Company Dividend Shareholding information Awards & Recognition ESG at Titan Other Updates
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49 Dividend Note: 1. Amounts in Orange boxes refer to Total Dividend Payout for the respective years in ₹ crores 2. Financial Yearly dividends represent Dividend per share (in ₹ ) Dividend 2.20 2.60 3.75 5.00 4.00 4.00 7.50 10.00 11.00 11.00 15.00 28% 30% 29% 32% 23% 40% 31% 27% 28% 29% 29% FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 231 195 333 444 355 355 666 888 977 1,332 977
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50 Shareholding Information Shareholding Pattern as at 30 th June 2026 Stock Information BSE Ticker 500114 NSE Ticker TITAN BSE Market Capitalization (30 th June 2026) ₹ 3.91 lakh crores Number of Shares Outstanding 88.78 crores BSE Market Capitalization ( ₹ crores) 223,287 337,780 272,000 350,862 391,096 Mar-23 Mar-24 Mar-25 Mar-26 Jun-26 52.90% 15.38% 8.73% 4.63% 18.36% Promoters Foreign Institutional Investors Mutual Funds Insurance Cos. & Banks Retail Market capitalization is of the last trading day of the respective periods
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51 Awards & Recognitions Titan Company Ltd’s Holistic Wellness Initiative HEAL won First Place in the HR Excellence League at the NHRD National Conference, Chennai U. Rajeshwari, Group Manager, Hosur Assembly Department, received the Women Changemaker of the Year in Manufacturing (Lifestyle) Award at the ET Now Machinist Super Shopfloor Awards 2026 Titan Company Ltd. has been recognised among India's Top 100 Best Companies to Work For by Great Place To Work® India Titan Watches has earned nominations at Grand Prix d'Horlogerie de Genève (GPHG) for Edge Ultra Slim and The Wandering Meteor
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52 Pragati Vision & Goals Elevate the experiences for everyone we touch, by creating a sustainable, responsible, & equitable world Company Responsibility Partner Responsibility GOALS (FY30) • Water Positive • Net Zero Carbon (Scope 1 & 2) • Circularity: 50% plastic reduction & recycling GOALS (FY27/FY28) • 2.5 million people reached through CSR • Great Place To Work (GPTW) scores of 85, ranking us among the top 100 in India • National Leader in Safety (Top 5) & Inclusion in the Retail Industry ENVIRONMENTAL SOCIAL GOALS (FY30) • Global Benchmarks & Certifications in Ethics • National Benchmarks in Data Privacy & Corporate Governance • 4P 2.0 equivalent for all vendors by FY30; minimum 50% of domestic production covered by the same • Domestic vendor partner & global partners’ NPS or equivalent at global benchmarks – Watches, Jewellery, Eye Care businesses by FY27; Taneira , Fragrances and Women’s Bags by FY30 GOVERNANCE PARTNERS ‘Pragati’ launched on July 11 th 2025
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53 ESG at Titan Q1FY27 Sourced 0.6 crore units ( k wH ) of renewable energy for our manufacturing plants and offices >3,00,000 Saplings maintenance continues water storing capacity enhanced by 22+ Cr ltr 450 learning centres For Girl students thru Titan Kanya 3 social enterprises selected for next phase scale up 100% placement in all ITIs Gender Diversity F emales represent 30% of total employees and workers (as of Mar’26 - 27) >1000 enrolled for skilling Environment Social Governance Have been rated in the top rating advanced across all parameters in ethics for the fourth year in succession in the Tata Group IVDP LeAP
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54 CSR at Titan – Q1 FY27 - Key Initiatives Girl child / Education Skill development for underprivileged Affirmative Action Design Impact 460 Learning centres reaching Foundational Learning across Bihar, Uttarakhand, Uttar Pradesh, and West Bengal 35 new schools are onboarded in Kanya 100% placement in all the 5 ITI’s. Till Q1, 1000+ trainees enrolled and undergoing training. Happy Eyes Design Impact Tata Sustainability Month, witnessed enthusiastic participation 1200+ employees (12% of total workforce) The 3 Social Enterprises (awardee for deep impact phase) advanced project planning through partnerships with the Government in Punjab, Karnataka Footprints Strong female participation, with 70% of trainees enrollment in Uttarakhand
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55 Responsible Citizenship & initiatives at our factories Watches ISCM • Freshwater savings of 2000 KL • State of the art modular rainwater harvesting structures commissioned in Hosur – 220KL capacity Planet Completion of Akka Thangai Waterbody Restoration in Anchetty , Krishnagiri district Handover of Masaorambhu Phase 2.0 restoration Maintenance continues for 3L+ saplings around Hosur Sustainability at Titan – Q1 FY27 - Key Initiatives Safety • Suraksha Gurukul launched in April 2026 • 2,087 participants have been successfully trained. • A total of 16,368 training hours have been delivered. Jew ISCM • Low Temperature Evaporator system for ETP implemented – 8000 Ltrs of Diesel savings • Tech Upgradation in AHU blowers – 85K units/annum power savings
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56 Annexures 56
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57 % of FY Jewellery: Quarterly Trends (Domestic – Tanishq, Mia, Zoya) Total Income ( ₹ crores) and YoY Growth (%) 24% 23% 23% 21% 23% 31% 24% EBIT ( ₹ crores) and EBIT Margin (%) Note: 1. Figures in ₹ crores, unless stated otherwise; All figures represent the business performance and differ from the Reported Segment Financia ls 2. Total Income excludes Bullion sales FY24: 37,480 FY25: 45,221; 21% 8,933 8,440 11,315 8,792 9,618 10,568 14,190 10,845 11,217 12,460 19,921 16,047 15,502 8% 25% 25% 24% 17% 18% 40% 48% 38% Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Q4'26 Q1'27 984 1,199 1,376 1,062 1,090 932 1,359 1,290 1,321 1,382 2,166 1,813 2,202 11% 14% 12% 12% 11% 9% 10% 12% 12% 11% 11% 11% 14% Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Q4'26 Q1'27 FY25: 4,671; 10.3% FY24: 4,621; 12.3% 30% FY26: 59,643; 32% FY26: 6,681; 11.2% 19% 21% 33% 27%
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58 % of FY Jewellery: Quarterly Trends (Domestic – CaratLane) Total Income ( ₹ crores) and YoY Growth (%) 22% 22% 25% 21% 23% 31% 25% EBIT ( ₹ crores) and EBIT Margin (%) Note: 1. Figures in ₹ crores, unless stated otherwise; All figures represent the business performance and differ from the Reported Segment Financia ls 2. Total Income excludes Bullion and Digi - gold sales FY24: 2,816 FY25: 3,501; 24% 624 632 861 700 738 811 1,081 871 1,026 1,072 1,537 1,066 1,441 18% 28% 26% 24% 39% 32% 42% 22% 41% 0 500 1,000 1,500 2,000 2,500 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Q4'26 Q1'27 40 31 85 55 42 61 127 61 68 109 200 89 166 6% 5% 10% 8% 6% 8% 12% 7% 7% 10% 13% 8% 12% 0 50 100 150 200 250 300 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Q4'26 Q1'27 FY25: 291; 8.3% FY24: 210; 7.5% 31% FY26: 4,702; 34% FY26: 466; 9.9% 22% 23% 33% 23%
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59 % of FY Jewellery: Quarterly Trends (Domestic – All Brands) Total Income ( ₹ crores) and YoY Growth (%) 24% 23% 24% 21% 23% 31% 24% EBIT ( ₹ crores) and EBIT Margin (%) Note: 1. Figures in ₹ crores, unless stated otherwise; All figures represent the business performance and differ from the Reported Segment Financia ls 2. Total Income excludes Bullion and Digi - gold sales FY24: 40,296 FY25: 48,722%; 21% 9,557 9,072 12,175 9,491 10,356 11,379 15,271 11,716 12,243 13,532 21,458 17,114 16,943 8% 25% 25% 23% 18% 19% 41% 46% 38% Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Q4'26 Q1'27 1,024 1,230 1,461 1,117 1,131 993 1,487 1,351 1,389 1,491 2,365 1,902 2,368 11% 14% 12% 12% 11% 9% 10% 12% 11% 11% 11% 11% 14% Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Q4'26 Q1'27 FY25: 4,962; 10.2% FY24: 4,831; 12.0% 30% FY26: 64,345; 32% FY26: 7,146; 11.1% 19% 21% 33% 27%
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60 FY24: 41,361; 23% FY25: 50,363; 22% % of FY Jewellery: Quarterly Trends (Consolidated) Total Income ( ₹ crores) and YoY Growth (%) 24% 22% 30% 24% 21% 23% 31% 24% EBIT ( ₹ crores) and EBIT Margin (%) 9,754 9,263 12,552 9,792 10,730 11,672 15,848 12,112 12,797 14,092 22,517 18,195 18,253 22% 23% 24% 21% 10% 26% 26% 24% 19% 21% 42% 50% 43% Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Q4'26 Q1'27 1,022 1,217 1,482 1,091 1,102 974 1,490 1,333 1,408 1,506 2,475 1,820 2,360 10% 13% 12% 11% 10% 8% 9% 11% 11% 11% 11% 10% 13% Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Q4'26 Q1'27 FY24: 4,812; 11.6% FY25: 4,899; 9.7% Note: 1. Figures in ₹ crores, unless stated otherwise; All figures are as per the Reported Segment Financials 2. Total Income excludes Bullion and Digi - gold sales FY26: 7,209; 10.7% FY26: 67,602; 34% 19% 21% 33% 27%
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61 Watches: Quarterly Trends (Domestic) Total Income ( ₹ crores) and YoY Growth (%) 23% 28% 25% 24% 22% 29% 25% 24% EBIT ( ₹ crores) and EBIT Margin (%) Note: Figures in ₹ crores, unless stated otherwise; All figures represent the business performance and differ from the Reported Segment Financia ls % of FY FY24: 3,843 FY25: 4,465; 16% 877 1,074 968 923 999 1,275 1,104 1,087 1,239 1,446 1,250 1,171 1,510 14% 19% 14% 18% 24% 13% 13% 8% 22% Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Q4'26 Q1'27 107 162 66 87 117 195 113 132 285 242 150 149 295 12% 15% 7% 10% 12% 15% 10% 12% 23% 17% 12% 13% 20% Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Q4'26 Q1'27 FY25: 556; 12.5% FY24: 422; 11.0% FY26: 824; 16.2% FY26: 5,105; 14% 24% 28% 24% 23%
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62 EyeCare: Quarterly Trends (Domestic) Total Income ( ₹ crores) and YoY Growth (%) 28% 26% 23% 23% 26% 25% 24% 24% EBIT ( ₹ crores) and EBIT Margin (%) Note: Figures in ₹ crores, unless stated otherwise; All figures represent the business performance and differ from the Reported Segment Financia ls % of FY FY24: 723 FY25: 791; 9.4% 203 188 166 165 208 200 193 190 234 215 227 222 285 3% 6% 16% 15% 12% 8% 17% 17% 22% Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Q4'26 Q1'27 35 28 14 8 20 24 21 20 20 12 27 21 25 17% 15% 9% 5% 10% 12% 11% 10% 9% 5% 12% 9% 9% Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Q4'26 Q1'27 FY25: 85; 10.7% FY24: 86; 11.9% FY26: 898; 14% FY26: 81; 8.8% 26% 24% 25% 25%
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63 Income Details – Q1FY27 Income Particulars (₹ crores) Tanishq, Mia, Zoya Watches EyeCare Emerging Businesses Corporate Standalone Financials (Reported) CaratLane "International Business" TEAL Other Adj.* Consol. Financials (Reported) (A) (B) (C) (D) (E) (F) = (A+B+C+D+E ) (G) "Jewellery (H)" "Others (I)" (J) (K) (L) = (F+G+H+I+J +K) Business Income 15,502 1,510 285 128 - 17,426 1,441 1,309 36 438 - 20,651 Add: International (primary) sales 372 27 1 - - 401 25 - - - - 426 Add: Bullion & Digi - gold 302 - - - - 302 150 298 - - - 749 Add: Others # - 1 - - 112 113 (1) - - - (436) (324) Reported Income: Segment / Standalone / Consolidated 16,177 1,538 287 128 112 18,242 1,615 1,607 36 438 (436) 21,502 Note: 1. Figures in ₹ crores, unless stated otherwise; All figures rounded to nearest integers 2. # - Others refer to Corporate Revenue and other adjustments, if any 3. * - Other Adj. consist of Inter - Company sales eliminations, Inter - Company adjustments and other adjustments, if any
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64 EBIT Details – Q1FY27 EBIT Particulars (₹ crores) Tanishq, Mia, Zoya Watches EyeCare Emerging Businesses Corporate Standalone Financials (Reported) CaratLane "International Business" TEAL Other Adj.* Consol. Financials (Reported) (A) (B) (C) (D) (E) (F) = (A+B+C +D+E) (G) "Jewellery (H)" "Other Business’ (I)" (J) (K) (L) = (F+G+H +I+J+K) Business EBIT 2,202 295 25 (39) - 2,483 166 (8) (1) 143 2,784 Add : Inter - Co. Adjustments / Eliminations / Profits / Other adjustments. if any 45 2 1 - 18 66 (0) - - - (67) (2) Reported EBIT: Segment / Standalone / Consolidated 2,247 296 26 (39) 18 2,548 166 (8) (1) 143 (67) 2,782 Note: 1. Figures in ₹ crores, unless stated otherwise; All figures rounded to nearest integers 2. * - Other Adj. consist of the balance portions of unallocated profits, unallocated costs and other adjustments, if any
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65 Income Details – Q1FY26 Income Particulars (₹ crores) Tanishq, Mia, Zoya Watches EyeCare Emerging Businesses Corporate Standalone Financials (Reported) CaratLane "International Business" TEAL Other Adj.* Consol. Financials (Reported) (A) (B) (C) (D) (E) (F) = (A+B+C+D+E ) (G) "Jewellery (H)" "Others (I)" (J) (K) (L) = (F+G+H+I+J +K) Business Income 11,217 1,239 234 108 - 12,797 1,026 554 38 307 - 14,723 Add: International (primary) sales 304 25 2 - - 332 12 - - - - 344 Add: Bullion & Digi - gold 1,479 - - - - 1,479 253 118 - - - 1,850 Add: Others # - - - - 63 63 - - - - (351) (288) Reported Income: Segment / Standalone / Consolidated 13,000 1,264 236 108 63 14,671 1,290 672 38 307 (351) 16,628 Note: 1. Figures in ₹ crores, unless stated otherwise; All figures rounded to nearest integers 2. # - Others refer to Corporate Revenue and other adjustments, if any 3. * - Other Adj. consist of Inter - Company sales eliminations, Inter - Company adjustments and other adjustments, if any
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66 EBIT Details – Q1FY26 EBIT Particulars (₹ crores) - Tanishq, Mia, Zoya Watches EyeCare Emerging Businesses Corporate Standalone Financials (Reported) CaratLane "International Business" TEAL Other Adj.* Consol. Financials (Reported) (A) (B) (C) (D) (E) (F) = (A+B+C +D+E) (G) "Jewellery (H)" "Other Business’ (I)" (J) (K) (L) = (F+G+H +I+J+K) Business EBIT 1,321 286 20 (14) - 1,613 68 19 1 75 1,775 Add : Inter - Co. Adjustments / Eliminations / Profits / Other adjustments. if any 2 1 1 (20) (17) (0) - - - (6) (23) Reported EBIT: Segment / Standalone / Consolidated 1,323 286 21 (14) (20) 1,596 68 19 1 75 (6) 1,752 Note: 1. Figures in ₹ crores, unless stated otherwise; All figures rounded to nearest integers 2. * - Other Adj. consist of the balance portions of unallocated profits, unallocated costs and other adjustments, if any
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67 Profit and Loss: Standalone (Reported) Note: • Operating Revenue and Total Income includes Bullion sales of ₹ 302 crores in Q1FY27 ( ₹ 1,479 crores in Q1FY25) • Profitability percentages are computed on Total Income excluding Bullion sales Profit and Loss statement (in ₹ crores) Q1FY26 Q1FY27 YoY% Sale of products / services 13,040 17,733 36.0% Other operating revenue 1,524 368 (76%) Other Income 107 141 32.2% Total Income 14,671 18,242 24.3% COGS 11,455 13,714 19.7% Gross Contribution (‘GC’) 3,216 4 ,527 40.8% GC % 24.4% 25.2% 86 bps Employee benefits expense 467 544 16.5% Advertising expenses 263 345 31.3% Other expenses 747 934 25.0% Total Overheads 1,477 1,823 23.4% EBITDA 1,739 2,704 55.5% EBITDA % 13.2% 15.1% 189 bps Depreciation 143 157 9.8% EBIT 1,596 2,548 59.6% EBIT % 12.1% 14.2% 210 bps Finance costs 216 267 23.6% PBT 1,380 2,281 65.3% PBT % 10.5% 12.7% 226 bps Exceptional items - - Tax 350 5 82 66.3% PAT 1,030 1,699 65.0% PAT % 7.8% 9.5% 166 bps
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68 Profit and Loss: Consolidated (Reported) Note: • Operating Revenue and Total Income include Bullion and Digi - gold sales of ₹ 749 crores in Q1FY27 ( ₹ 1,850 crores in Q1Y26) • Profitability percentages are computed on Total Income excluding Bullion and Digi - gold sales Profit and Loss statement (in ₹ crores) Q1FY26 Q1FY27 YoY% Sale of products / services 14,814 20,787 40.3% Other operating revenue 1,709 569 (67%) Other Income 105 146 39.0% Total Income 16,628 21,502 29.3% COGS 12,811 15,949 24.5% Gross Contribution (‘GC’) 3,817 5,553 45.5% GC % 25.8% 26.8% 93 bps Employee benefits expense 591 804 36.0% Advertising expenses 328 436 32.9% Other expenses 963 1,277 32.6% Total Overheads 1,882 2,517 33.7% EBITDA 1,935 3,036 56.9% EBITDA % 13.1% 14.6% 154 bps Depreciation 184 256 39.1% EBIT 1,751 2,782 58.9% EBIT % 11.8% 13.4% 156 bps Finance costs 271 353 30.3% Share of profit/ (loss) in associates 0 2 PBT 1,480 2,429 64.1% PBT % 10.0% 11.7% 169 bps Exceptional items - - Tax 389 652 67.4% PAT 1,091 1,777 62.9% PAT % 7.4% 8.6% 118 bps
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The Future We Embrace 69 Thank Y ou! For any queries, please email at investor - relations@titan.co.in