Titan

TITAN · NSE · INR

₹4,515.70−1.55%−₹71.30

Close · October 1, 2026

At a glance

Revenue growth: +44.87%; FY to Mar 2026 vs FY to Mar 2025
Net income growth: +52.02%; FY to Mar 2026 vs FY to Mar 2025
Net margin: 5.8%; FY to Mar 2025: 5.5%

Financial data

Amounts in millions of INR; per-share values in INR; shares in millions.

Balance sheet · Annual
Item	FY to Mar 2026	FY to Mar 2025	FY to Mar 2024	FY to Mar 2023	FY to Mar 2022	FY to Mar 2021	FY to Mar 2020	FY to Mar 2019	FY to Mar 2018	FY to Mar 2017
Total assets	605,610	406,470	315,500	270,230	211,940	164,520	135,500	117,153	95,242	84,079
Current assets	507,810	344,340	256,080	224,070	174,540	131,970	101,210	95,873	76,010	67,357
Cash and equivalents	8,730	4,070	4,090	2,320	2,190	1,810	750	4,295	4,721	6,780
Short-term investments	15,150	9,090	6,350	7,440	4,370	140	280	4,150	—	3,937
Receivables	13,130	13,170	27,030	8,980	12,120	6,980	6,200	11,791	6,218	2,217
Inventory	427,430	281,840	190,510	165,840	136,090	84,080	81,030	70,388	59,248	49,257
Net property, plant and equipment	50,140	37,210	33,680	27,610	22,600	21,520	22,310	12,113	11,451	9,964
Goodwill	7,580	1,230	1,230	1,230	1,230	1,230	1,230	1,230	1,230	1,230
Other intangible assets	11,330	3,220	3,140	2,570	2,450	2,560	2,730	2,401	2,264	2,107
Long-term investments	12,570	6,510	6,790	3,510	2,790	190	440	392	344	370
Current liabilities	397,930	257,930	165,290	132,640	105,120	77,140	56,280	54,619	43,154	40,278
Accounts payable	28,640	19,630	14,100	12,140	12,940	7,890	5,960	9,060	8,777	7,828
Long-term debt	930	5,950	33,020	0.0	20.0	90.0	170	317	—	—
Total debt	37,590	60,440	58,260	18,750	13,680	12,720	12,710	400	—	—
Total liabilities	448,580	290,230	221,570	151,190	118,610	89,500	68,770	56,310	44,362	41,492
Total equity (incl. minority)	157,030	116,240	93,930	119,040	93,330	75,020	66,730	60,842	50,881	42,587
Retained earnings	159,400	118,450	94,850	116,780	90,940	72,760	66,570	58,247	48,577	40,054
Minority interest	—	0.0	0.0	530	300	50.0	40.0	141	-18.2	264