Titan Company reported a 22% increase in total income to ₹16,649 crore for Q2FY26, driven by robust jewellery sales and healthy growth across segments. Profit before tax surged by 60% to ₹1,522 crore. The jewellery segment grew by 21%, while the watches division saw a 13% increase. Titan EyePlus and Emerging Businesses also contributed to the positive results.
Financial Performance Highlights
Titan Company Limited announced a consolidated total income of ₹16,649 crore in Q2FY26, a 22% increase compared to Q2FY25. Profit before tax reached ₹1,522 crore, representing a 60% year-on-year growth. Factoring in custom duty reduction in gold in Q2FY25, profit before tax still grew by 23%.
Segmental Performance
Jewellery: The jewellery portfolio grew by 21% to ₹14,092 crore, driven by festive demand and resilience amidst high gold prices. The domestic jewellery business grew by 18%, while CaratLane saw a 32% increase. International jewellery nearly doubled to ₹561 crore.
Watches: The watches division achieved a 13% growth, reaching ₹1,477 crore. Titan Edge’s Ultraslim watch earned recognition at the Grand Prix d’Horlogerie de Genève.
EyeCare: The EyeCare division reported total income of ₹220 crore, a 9% increase.
Emerging Businesses: Emerging Businesses, including Taneira, Fragrances and Women’s Bags, grew by 34% to ₹142 crore.
Titan Engineering & Automation Limited (TEAL): TEAL’s total income was ₹415 crores, showing a strong growth of 112%.
Leadership Commentary
Mr. C K Venkataraman, Managing Director, stated that the quarter saw a slow start but improved with the early festive commencement in September. He highlighted strong demand in Navratri and underscored the brand’s strength of Tanishq, Mia, Zoya and CaratLane. He further noted Titan’s plan to acquire a controlling stake in ‘Damas Jewellery’.
Additional Key Updates
The Board approved the appointment of Mr. Ajoy Chawla as an Additional Director designated as Managing Director, effective January 1, 2026, pending shareholder approval.
Source: BSE
