Titan Company reported a 22% increase in total income to ₹16,649 crore in Q2 FY26, driven by robust jewellery sales during the festive season. Profit before tax rose by 60% to ₹1,522 crore. The Jewellery division led the growth, while Watches and EyeCare also contributed positively. Titan continues to expand its retail presence and invest in brand building for future growth.
Financial Performance
Titan Company announced its Q2 FY26 results, showcasing strong financial performance. Key highlights include:
- Total Income: ₹16,649 crore, a 22% increase compared to Q2 FY25.
- Profit Before Tax: ₹1,522 crore, a 60% increase year-on-year.
- The Board approved the Unaudited Standalone and Consolidated Financial Results for Q2 and Half year ended September 30, 2025.
Segmental Highlights
The Jewellery division saw robust growth, contributing significantly to the overall revenue increase:
- Jewellery: Grew by 21% to ₹14,092 crore.
- Watches: Achieved 13% growth, reaching ₹1,477 crore.
- EyeCare: Reported a total income of ₹220 crore, up 9%.
- Emerging Businesses (Taneira, Fragrances, Women’s Bags): Increased by 34% to ₹142 crore.
- Titan Engineering & Automation Limited (TEAL): Showed a strong growth of 112% with a Total Income of ₹415 crores.
Strategic Developments
Titan Company highlighted several strategic initiatives:
- Tanishq inaugurated its first wedding destination store ‘Rivaah’ in Delhi.
- Announced plans to acquire a controlling stake in ‘Damas Jewellery’ in the GCC region.
- Titan Edge’s Ultraslim earned recognition at the Grand Prix d’Horlogerie de Genève.
- Titan EyePlus won three ‘Bronze Lions’ at the 2025 Cannes Lions International Festival of Creativity.
Leadership Commentary
Mr. C K Venkataraman, Managing Director, commented, “The quarter witnessed a slow start and performance progressively improved with the early festive commencement in September. Our Jewellery business, in particular, benefitted immensely from this late surge underscoring the brand strengths and enduring consumer affinity for our brands Tanishq, Mia, Zoya and CaratLane.”
Appointment of Managing Director
Mr. Ajoy Chawla appointed as Managing Director of the Company for a period of five years commencing from January 1, 2026, subject to approval of shareholders.
Source: BSE