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Retail major Titan company has posted an increase in consolidated profit after tax at ₹1,120 crore for the second quarter of FY26. The company’s consolidated total income rose 21 per cent y-o-y to ₹16,407 crore. Consolidated segment revenue The jewellery business grew 17.9 per cent y-o-y, recording a total income of ₹12,460 crore. The company said growth was impacted by the sharp rise in gold prices and high base effect from Q2FY25, when the reduction in customs duty had boosted demand. However, an early onset of the festival season, coupled with a strong gold exchange campaign and rate-led offers, helped improve consumer sentiment and drive overall growth. Growth was led by higher ticket sizes compared to Q2FY25. Within the mix, gold jewellery sales rose 13 per cent y-o-y, coins surged 65 per cent y-o-y on investment-led demand, and studded jewellery grew 16 per cent y-o-y. The watches segment posted 13.4 per cent y-o-y growth to ₹1,446 crore, supported by a 12 per cent rise in analogue volumes and 8 per cent increase in average selling prices. The Titan brand was the key growth driver, continuing to benefit from premiumisation trends and delivering robust double-digit volume growth. The eyecare segment grew 8 per cent y-o-y, with sunglasses continuing to outperform eyewear solutions (frames and lenses) across both house and international brands. Emerging businesses, which include Taneira, Fragrances and Women’s Bags, grew 34 per cent y-o-y, reflecting increasing traction in these newer categories. CaratLane, Titan’s digital-first jewellery subsidiary, reported a 32.2 per cent y-o-y rise in revenue to ₹1,072 crore, while the international business grew 84.1 per cent y-o-y to ₹596 crore. The quarter began on a slow note, but gained momentum with the early festive onset in September, which lifted Navratri sales and drove a 21 per cent y-o-y growth in Q2FY26. “Our jewellery business, in particular, benefitted immensely from this late surge, underscoring the enduring consumer affinity for our brands, Tanishq, Mia, Zoya and CaratLane,” said CK Venkataraman, Managing Director, Titan Company. “With the festival season driving positive consumer sentiment, we remain focused on strengthening brand salience and accelerating growth across all our businesses,” he said. Published on November 3, 2025
