India, Aug. 7 -- Titan Company Ltd. (500114,TITAN) reported a 63% increase in profit for the first quarter of fiscal 2027, driven by robust jewellery demand, continued premiumization in watches and eyewear, and strong international growth.
Profit after tax rose to 17.77 billion rupees, or 20.03 rupees per share, from 10.91 billion rupees, or 12.30 rupees per share, a year earlier. Consolidated total income increased 40% to 207.53 billion rupees from 147.78 billion rupees. Profit before tax climbed 64% to 24.29 billion rupees, although the company said adjusted profit before tax, excluding gains from higher customs duty on gold, increased 37% year-over-year.
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