Titan Co (NSE:TITAN) Operating Margin %: 8.21% (As of Mar. 2026) — 16% Below Median


NSE:TITAN Titan Co Ltd NSE:TITAN
94 GF Score
Price ₹4,291.30
GF Value ₹5,200.99
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Titan Co Operating Margin %?

Titan Co NSE:TITAN -0.75% 94 Operating Margin % is 8.21% as of Mar. 2026, which is 16% below its 10-year median of 9.82. GuruFocus rates NSE:TITAN with a GF Score™ of 94/100 and a GF Value™ of ₹5,200.99 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,128 Retail - Cyclical companies, Titan Co ranks better than 77.3% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. Titan Co's Operating Income for the three months ended in Mar. 2026 was ₹16,910 Mil. Titan Co's Revenue for the three months ended in Mar. 2026 was ₹206,070 Mil. Therefore, Titan Co's Operating Margin % for the quarter that ended in Mar. 2026 was 8.21%.

Warning Sign:

Titan Co Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -2%.

The historical rank and industry rank for Titan Co's Operating Margin % or its related term are showing as below:

NSE:TITAN' s Operating Margin % Range Over the Past 10 Years
Min: 8.05   Med: 9.82   Max: 11.08
Current: 9.8


NSE:TITAN's Operating Margin % is ranked better than
77.3% of 1128 companies
in the Retail - Cyclical industry
Industry Median: 3.905 vs NSE:TITAN: 9.80

Titan Co's 5-Year Average Operating Margin % Growth Rate was -2.00% per year.

Titan Co's Operating Income for the three months ended in Mar. 2026 was ₹16,910 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₹75,290 Mil.


Titan Co  (NSE:TITAN) Operating Margin % Explanation

Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.


Be Aware

Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia’s Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Titan Co Operating Margin % Related Terms


Titan Co Operating Margin % Historical Data

* Premium members only.

The historical data trend for Titan Co's Operating Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Titan Co Operating Margin % Chart

Titan Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.34 11.08 9.27 8.75 9.80

Titan Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.74 11.11 10.24 10.06 8.21

NSE:TITAN vs TPR: Operating Margin % Comparison

For the Luxury Goods subindustry, Titan Co's Operating Margin %, along with its competitors' market caps and Operating Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Titan Co Operating Margin % vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Titan Co's Operating Margin % distribution charts can be found below:

* The bar in red indicates where Titan Co's Operating Margin % falls into.


NSE:TITAN
94GF Score
Titan Co Ltd NSE:TITAN
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Titan Co Operating Margin % Calculation

Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.

Titan Co's Operating Margin % for the fiscal year that ended in Mar. 2026 is calculated as

Operating Margin %=Operating Income (A: Mar. 2026 ) / Revenue (A: Mar. 2026 )
=75290 / 767970
=9.80 %

Titan Co's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as

Operating Margin %=Operating Income (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=16910 / 206070
=8.21 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Margin % →
What does a Operating Margin % of 8.21% mean?
Titan Co (NSE:TITAN) has a Operating Margin % of 8.21% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Titan Co and its competitors. This is 16% below median its historical median of 9.82. Over the past decade, Titan Co's Operating Margin % has ranged from 8.05 to 11.08. According to the industry distribution chart, Titan Co ranks #256 out of 1128 companies in the Retail - Cyclical industry, placing it in the top 22.7%.
Is Titan Co's Operating Margin % too high?
Titan Co's current Operating Margin % of 8.21% is 16% below median its 10-year median of 9.82. Over the past 10 years, this metric has ranged from a low of 8.05 to a high of 11.08. The Retail - Cyclical industry median Operating Margin % is 3.91. Titan Co's value of 8.21% is 110.2% above this industry median. Based on the distribution chart, Titan Co ranks #256 out of 1128 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Titan Co has a GF Score™ of 94/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Titan Co's Operating Margin % compare to TPR?
According to the Retail - Cyclical industry distribution chart, Titan Co ranks #256 out of 1128 companies for Operating Margin %. This places Titan Co in the top 23% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 3.91. Titan Co's value of 8.21% is 110.2% above this benchmark. Historically, Titan Co's own Operating Margin % has ranged from 8.05 to 11.08 over the past decade. While the company's 10-year median is 9.82 vs. the industry median of 3.91, Titan Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Margin % for a Retail - Cyclical company?
The median Operating Margin % among Retail - Cyclical companies is 3.91, based on 1,128 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Titan Co's current Operating Margin % of 8.21% is 110.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on Titan Co and its competitors. For the Retail - Cyclical industry, the median Operating Margin % is 3.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Titan Co's current Operating Margin % is 8.21%, which is 16% below median its own 10-year median of 9.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Titan Co stock overvalued right now?
Based on GuruFocus' analysis, Titan Co (NSE:TITAN) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹5,200.99, compared to a current price of ₹4,291.30 — trading 17.5% below its estimated fair value. The current Operating Margin % is 8.21%, which is 16% below median its 10-year median of 9.82 and 110.2% above the Retail - Cyclical industry median of 3.91. Titan Co's overall GF Score™ is 94/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For Titan Co (NSE:TITAN), the current Operating Margin % is 8.21% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Titan Co (NSE:TITAN) Overvalued in 2026?

Based on GuruFocus' analysis, Titan Co stock appears to be undervalued. The current stock price of ₹4,291.30 is trading 17.5% below its estimated GF Value™ of ₹5,200.99. GuruFocus considers Titan Co to be Modestly Undervalued.

Key valuation signals for NSE:TITAN:

  • Operating Margin %: 8.21% (16% below median its 10-year median of 9.82)
  • GF Value™: ₹5,200.99 vs. price of ₹4,291.30 (17.5% below fair value)
  • GF Score™: 94/100 with 4 warning signs
  • Industry Position: 110.2% above the Retail - Cyclical median (#256 of 1128)

No single metric tells the full story. See the NSE:TITAN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Titan Co Business Description

Other Exchanges 500114:India
Address Off Hosur Main Road, INTEGRITY No. 193, Electronics City P.O., Veerasandra, Bangalore, KA, IND, 560100
Titan Co Ltd is engaged in the manufacturing and sale of watches, jewellery, eyewear, and other accessories and products. Its operating segments are watches and wearables, jewellery, eyewear, and others. The firm generates a majority of its revenue from jewellery. The company sells its products under various brands such as Fastrack, Skinn, Sonata, Zoop, Nebula, Zoya, Skinn, Tanishq, and others.
94GF Score

Get the complete analysis for NSE:TITAN

Operating Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹4,291.30
Price
₹5,200.99
GF Value