Tata Group-owned Titan Company announced a major leadership transition on Thursday, naming Ajoy Chawla as its next Managing Director, effective January 1, 2026. Chawla, who currently heads Titan’s flagship jewellery division, Tanishq, will take over from incumbent MD C.K. Venkataraman, who is set to retire in December 2025 after a long tenure with the company.

The board of directors approved the succession plan during its meeting held on Thursday. Titan stated that the formal appointment process, including Chawla’s induction to the board and his confirmation as managing director, will be undertaken in due course, subject to shareholder approval. The company also noted that a decision on Chawla’s successor at the helm of the jewellery division will be made at a later stage.

Chawla brings deep operational and strategic experience to the role, having been with Titan for over two decades. Between 2013 and 2019, he served as the company's Chief Strategy Officer and also led its business incubation initiatives. Notably, he played a key role in scaling Titan’s fragrances business and in launching the ethnic wear brand Taneira. He assumed leadership of the jewellery segment in 2019, driving consistent growth across categories.

C.K. Venkataraman, who has been with Titan since 1990 and took over as MD in 2019, oversaw a phase of expansion and diversification, especially in premium watchmaking and lifestyle categories.

Titan Q4

Alongside the leadership announcement, Titan also released its financial results for the fourth quarter and full fiscal year ended March 2025. Consolidated income rose 22 per cent year-on-year in Q4, while net profit climbed 12.9 per cent to Rs 871 crore. For the full year, total income reached Rs 57,819 crore, also up 22 per cent from the previous year. However, net profit for FY25 declined by 4.6 per cent to Rs 3,337 crore.

The jewellery division remained a strong contributor, with Q4 revenue up 25 per cent to Rs 11,232 crore. The domestic segment grew 23 per cent, led by a 30 per cent rise in gold jewellery and coin sales and a 12 per cent uptick in studded jewellery. Despite rising gold prices, consumer demand remained resilient, particularly in the solitaires and coin categories.

Venkataraman highlighted continued momentum across key verticals, including premium watches, eye care, and fragrances. He noted that the analog watch business continues to thrive through innovation and premiumization, while the eye care segment returned to double-digit growth in the latter half of FY25 and is well-positioned for further acceleration in FY26.