Titan Company Ltd, the lifestyle and consumer goods arm of the Tata Group, delivered a robust financial performance for the quarter ended September 2025 (Q2FY26) on November 3, 2025. The company reported a 59% year-on-year (YoY) surge in consolidated net profit to ₹1,120 crore, supported by a 22% rise in revenue to ₹16,461 crore. The strong festive season, led by Navratri celebrations, and sustained demand across its jewellery and lifestyle businesses contributed significantly to this growth.
Strong Performance Across Core Segments
Jewellery Division: The Main Growth Driver
Titan’s jewellery division—comprising its flagship brands Tanishq, Mia, Zoya, and CaratLane—continued to anchor the company’s overall growth. The segment’s total income (excluding bullion and digi-gold) rose 21% YoY to ₹14,092 crore.
The domestic jewellery business posted 18% growth to ₹12,460 crore, reflecting steady demand for gold and studded jewellery despite higher gold prices. CaratLane, Titan’s digital-first jewellery arm, delivered 32% growth to ₹1,072 crore, driven by successful marketing campaigns such as coin promotions that boosted traffic and conversions.
The international jewellery business nearly doubled its revenue to ₹561 crore, underlining Titan’s expanding presence in global markets, particularly in the UAE and North America.
In terms of profitability, the domestic jewellery segment reported an EBIT of ₹1,381 crore, translating to an 11.1% margin, while CaratLane posted an EBIT of ₹109 crore (10.1%). Although smaller in scale, the international business also contributed with a profit of ₹16 crore.
Commenting on the results, C.K. Venkataraman, Managing Director of Titan Company, said,
“The quarter witnessed a slow start but picked up pace during Navratri, driving a healthy 21% growth in the jewellery business. The festive surge highlighted the enduring consumer trust in our brands—Tanishq, Mia, Zoya, and CaratLane.”
He added that Titan’s recent acquisition of a controlling stake in Damas Jewellery, a leading GCC brand, reinforces its global ambitions and strengthens its international footprint.
Watches and Wearables: Sustained Double-Digit Growth
The watches and wearables division continued its steady growth momentum, reporting a 13% increase in total income to ₹1,477 crore. The segment achieved an EBIT of ₹238 crore, representing a 16.1% margin.
The analogue watches category expanded by 17%, fuelled by rising demand across premium brands like Titan, Fastrack, and Sonata, alongside consistent same-store sales growth. The company added 15 new stores during the quarter, including Titan World, Helios, Helios Luxe, and Fastrack, further strengthening its retail network nationwide.
EyeCare and Emerging Businesses Gain Ground
The Titan EyeCare division, operating under the Titan Eye+ brand, recorded 9% growth in total income to ₹220 crore, supported by higher sales in sunglasses and premium eyewear. The segment delivered an EBIT of ₹12 crore (5.3% margin) and expanded its retail reach with five new ‘Runway’ stores across key cities.
The Emerging Businesses segment—which includes Taneira (ethnic wear), fragrances, and women’s handbags—achieved 34% revenue growth to ₹142 crore. Notably, the combined losses for this vertical narrowed to ₹24 crore, compared to ₹29 crore a year earlier, signalling improving operational efficiency and growing consumer acceptance.
Expanding Global Presence
Titan’s acquisition of Damas Jewellery marked a pivotal move towards global expansion. Damas, one of the most recognised jewellery brands in the Middle East, adds a strategic international dimension to Titan’s portfolio. This acquisition reflects Titan’s ambition to become a strong player in the luxury and lifestyle segment globally, while continuing to strengthen its presence in India’s premium retail space.
Financial Snapshot
| Metric | Q2FY26 | Q2FY25 | YoY Growth |
| Consolidated Net Profit | ₹1,120 crore | ₹704 crore | 59% |
| Total Revenue | ₹16,461 crore | ₹13,473 crore | 22% |
| EBITDA | ₹1,799 crore | ₹1,190 crore | 51% |
| Jewellery Revenue | ₹14,092 crore | ₹11,658 crore | 21% |
| Watches & Wearables | ₹1,477 crore | ₹1,305 crore | 13% |
| Eyecare | ₹220 crore | ₹202 crore | 9% |
| Emerging Businesses | ₹142 crore | ₹106 crore | 34% |
Management Commentary and Outlook
C.K. Venkataraman emphasised that the company remains focused on strengthening brand salience and expanding across categories. Despite volatility in gold prices, the company’s strong brand portfolio, festive tailwinds, and consistent innovation in design and retail experiences have helped maintain consumer confidence.
He added that Titan expects the upcoming festive quarter (Q3FY26) to sustain momentum, especially in the jewellery division, supported by favourable market conditions and strong consumer sentiment.
Also Read:
- Mahindra & Mahindra Q2FY26 Results: Profit Rises 28% YoY, Revenue Up 22%
- SBI Q2 FY26 Results: Net Profit Rises 10% YoY to ₹20,160 Crore; NII Up 3.3%
- L&T Q2 FY26 Results: Net Profit Rises 16% to ₹3,926 Crore, Revenue Up 10%
- Tata Consumer Products Q2 FY26 Results: Profit Rises 11% YoY, Revenue Surges 18%
- Bharti Airtel Q2 FY26 Results: Profit Soars 89% YoY to ₹6,792 Crore; Revenue Rises 26%
Conclusion
Titan’s Q2FY26 performance underscores the company’s resilient business model and diversified portfolio strength. With strong contributions from jewellery, watches, eyewear, and emerging businesses, Titan continues to solidify its position as one of India’s most trusted lifestyle brands.
The quarter’s success was not only a result of festive-driven sales but also a reflection of the brand’s strategic execution, premiumisation efforts, and expanding global aspirations. As Titan deepens its footprint in both domestic and international markets, it stands well-positioned for sustained long-term growth.
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