Titan Company reported a robust c.20% YoY growth in its Consumer Businesses for Q2 FY26. This expansion was supported by a net addition of 55 stores, bringing the total to 3,377 stores. The Jewellery segment remained a key driver, with notable contributions from Tanishq, Mia, and Zoya. International business also saw substantial growth, particularly in the USA and GCC markets.
Q2 FY26 Performance Highlights
Titan Company’s Consumer Businesses demonstrated strong performance in Q2 FY26, achieving approximately 20% YoY growth. The company expanded its retail presence by adding a net of 55 stores, reaching a total of 3,377 stores. This growth was primarily driven by the Jewellery segment and the increasing success of its international operations.
Domestic Business Performance
The domestic jewellery business grew by approximately 19% in Q2 FY26. Despite rising gold prices impacting buyer counts, strategic consumer promotions and an early festive season onset spurred growth. Studded jewellery within Tanishq, Mia, and Zoya collectively outpaced gold jewellery growth. Watches domestic business increased by 12% YoY and Eyecare’s domestic business grew 9% YoY.
International Expansion
International business saw substantial expansion, with an 86% YoY increase. Tanishq more than doubled its business in the USA and experienced strong double-digit growth in the GCC market. A new Tanishq store was opened in Virginia, USA, in Q2FY26.
Segment-Wise Performance
- Jewellery: Grew by 19% with 34 net store additions, bringing the total to 1,120 stores.
- Watches: Increased by 12% with 15 net store additions, reaching 1,259 stores.
- EyeCare: Saw a growth of 9% and added 5 net stores, totaling 877 stores.
Source: BSE