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April 20, 2026
Horizontal bar chart titled Segment Reporting showing yearly values from FY20 to FY25; FY25 bar is green with value 11, trend downward from 28 to 11.

Segment Reporting: When Management Uses Disclosure to Hide or Reveal the Best Business

Why serious investors should read segment notes to discover where the real business quality sits, and how Titan’s geographic split strengthens trust in the disclosure.
April 20, 2026
Hero header with title 'Owner Earnings' and subtitle 'The Buffett Adjustment That Reveals True Cash Profits' over a dark blue gradient background, plus a colorful donut chart labeled 'FY25 REINVESTED' centered below.

Owner Earnings: The Buffett Adjustment That Reveals True Cash Profits

Warren Buffett's 1986 owner-earnings formula adjusts reported net profit by adding back non-cash charges and subtracting maintenance capex and working-capital needs. Applied to four Indian businesses — Asian Paints, Pidilite, Nestlé India, and Titan Biotech — the arithmetic reveals very different cash-conversion profiles and gives retail investors a more honest lens than reported PAT alone.
April 19, 2026
Infographic: segment-wise revenue breakdown bar chart from FY20 to FY25, dark blue background, green highlight for FY25; values shown at bar ends (28, 26, 22, 18, 14, 11). Title reads 'Segment-Wise Revenue Breakdown' with subtitle italic text beneath.

Segment-Wise Revenue Breakdown

Titan Biotech disclosed only one primary operating segment in FY25, a quiet but powerful sign that the business remains easier to understand and monitor than many small-cap peers.
April 19, 2026
Hero section titled 'Board Composition and Corporate Governance' with a green subtitle, featuring a five-year timeline (FY21–FY25) of milestones: Compliance, Disclosure, Audit clean, Board change, All boxes.

Board Composition and Corporate Governance

Titan Biotech ended FY25 with an 11-member board, four independent directors, an independent chair, and 14 board meetings - a governance structure that merits serious attention from long-term investors.
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