Titan names Tanishq CEO Ajoy Chawla as next MD; Q4 profit up 12.9%, FY25 net dips 4.6%

Tata-owned Titan Company on Thursday named Ajoy Chawla, the current chief government officer of the corporate’s jewelry chain Tanishq, as its managing director efficient January 1, 2026. He’ll succeed present chief C Okay Venkatraman who will superannuate in December, the corporate mentioned in a launch. The formal course of to induct Chawla onto the board and his appointment as managing director shall be accomplished sooner or later and is topic to shareholders’ approval. The board of Titan accepted the succession plan at its assembly on Thursday. A call relating to Chawla ‘s successor within the jewelry division shall be taken subsequently, the corporate mentioned.

From 2013 to 2019, Chawla served as chief technique officer at Titan, whereas additionally main enterprise incubation. Throughout this era, he scaled the fragrances enterprise and established the Taneira model. In 2019, he was appointed CEO of the jewelry division. Venkataraman had joined Titan in 1990 and have become managing director in 2019.

The Titan Company on Thursday additionally introduced its outcomes for the fourth quarter and 12 months ended March 2025. The consolidated earnings of the corporate grew by 22% year-on-year (yoy) within the fourth quarter, whereas web revenue went up by 12.9% to Rs 871 crore. For the total 12 months FY25, the whole earnings of Rs 57,819 crores grew 22% yoy. The web revenue, nevertheless, declined by 4.6% to Rs 3337 crore.

Venkataraman mentioned the analog watch enterprise continued its robust development trajectory by product innovation led premiumization while transferring in sync with the rising aspirations of the Indian shopper. “The attention care enterprise has returned to the double-digit development trajectory in Q3 and This autumn of FY25 and is poised for even higher development in FY26. Inside rising companies, fragrances have carried out nicely for FY25,” he mentioned.

Complete earnings for the jewelry enterprise for the quarter grew 25% yoy to Rs 11,232 crores. The home India enterprise grew 23% to Rs 10,845 crores throughout the identical interval, pushed by 30% development in gold jewelry and cash collectively and 12% development in studded jewelry. Regardless of the steep improve in gold costs, studded and gold coin segments witnessed purchaser development, the corporate mentioned. Solitaires noticed a rebound on the again of purchaser development, albeit on the decrease carat weights. The excessive gold costs, nevertheless, are persevering with to weigh on shopper sentiment within the close to time period, it mentioned.