ICRA reaffirms Titan Company ratings, enhances working capital facilities

ICRA Limited has reaffirmed its ratings for Titan Company Limited's debt instruments as of August 27, 2025. The long-term fixed deposit programme received an [ICRA]AAA (Stable) rating for a rated amount of Rs. 6,200.0 crore, while the short-term commercial paper programme was reaffirmed at [ICRA]A1+ for Rs. 2,500.0 crore.

Additionally, the long-term/short-term fund-based and non-fund-based working capital facilities were reaffirmed at [ICRA]AAA (Stable)/[ICRA]A1+, with an enhanced amount of Rs. 7,305.00 crore, up from Rs. 5,200 crore. The long-term fund-based term loans also received a reaffirmed rating of [ICRA]AAA (Stable) for Rs. 1,000.00 crore.

The total rated amount across all instruments stands at Rs. 17,005.00 crore, indicating continued strong creditworthiness for Titan Company Limited.