Titan Company reported stellar Q3FY26 results, with Consolidated Total Income surging 40% year-over-year to ₹24,592 crores. This strong momentum was led by the Jewellery business, which grew 42%. Profit Before Tax (before exceptional items) increased by 70% to ₹2,375 crores, reflecting sustained operational efficiency. The company also announced an exciting strategic foray with the launch of ‘beYon’ lab-grown jewellery and the acquisition of a 67% stake in Damas Jewellery.
Q3FY26 Performance Highlights: 40% Consolidated Growth
Titan Company announced its results for the third quarter of the financial year 2026 (Q3FY26), showcasing an exceptional performance marked by 40% growth in Consolidated Total Income, reaching ₹24,592 crores compared to Q3FY25. This sustained growth momentum was significantly fueled by blockbuster festive collections and robust consumer engagement initiatives.
Profitability Metrics
Profitability saw a substantial improvement. Profit Before Tax (before exceptional items) grew by 70% to ₹2,375 crores, translating to a healthy margin of 9.7%. Even after normalizing for the prior year’s customs duty reduction impact, PBT showed a 44% growth year-over-year.
Business Segment Breakup
Jewellery Business Leads Growth
The Jewellery portfolio recorded a 42% expansion, clocking ₹22,517 crores (excluding Bullion and Digi-gold sales). This performance was driven by the India Business growth of 41%, supported by powerful exchange programs and wedding sales, despite high prevailing gold prices. Internationally, the jewellery business grew by an impressive 83% to ₹1,058 crores.
In strategic brand expansion, Titan launched ‘beYon’, an accessible lab-grown jewellery line, during the quarter. Furthermore, post-quarter end, the company completed the 67% acquisition of Damas Jewellery, significantly expanding its geographic footprint.
Watches and Eyecare Performance
The Watches portfolio demonstrated resilience, growing 14% to clock ₹1,295 crores, driven by festive gifting and strong preference for analog timepieces. Titan also reinforced its watchmaking credentials by launching the Titan Stellar 3.0 collection, featuring India’s first ‘Wandering Hours’ timepiece with an in-house movement.
The Eyecare business maintained healthy traction, with Total Income growing 18% to ₹231 crores, led by double-digit growth in lenses and sunglasses.
Emerging Businesses and TEAL
Emerging Businesses (Women’s Bags, Fragrances, and Taneira) collectively grew Total Income by 15% to ₹135 crores, while combined losses were reduced to ₹26 crores from ₹32 crores in Q3FY25.
Titan Engineering & Automation Limited (TEAL) recorded a strong quarter, with Total Income growing 67% to ₹323 crores, achieving an EBIT margin of 11.3%.
Management Commentary
Mr. Ajoy Chawla, Managing Director, described the quarter as “stellar”, emphasizing the broad-based consumer interest across premium and accessible segments. He expressed enthusiasm regarding the launch of beYon and the strategic welcome of Damas Jewellery into the Titan family.
Financial Snapshot (Consolidated)
| Particulars (in crores) | Q3FY26 | Q3FY25 | YoY Growth |
| Total Income | 24,592 | 17,583 | 40% |
| Profit before Tax* | 2,375 | 1,396 | 70% |
| Profit after Tax | 1,684 | 1,047 | 61% |
*Profit before Tax and Profit after Tax exclude exceptional items.
Source: BSE
