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Tata Group company Titan Co. Ltd reported a 59% year-on-year jump in consolidated net profit to ₹1,120 crore for the quarter ended September 2025, buoyed by robust performance in its jewellery and watches businesses during the festive season.
Revenue from operations rose 22.2% to ₹16,461 crore in the second quarter of FY26, compared with ₹13,473 crore in the same period last year, the company said in a regulatory filing. Total income climbed 28.5% to ₹18,837 crore, while total expenses increased 26.3% to ₹17,316 crore.
The jewellery segment, Titan’s largest business, reported a 29.3% increase in revenue to ₹16,522 crore, led by festive demand and higher ticket sizes. Domestic jewellery sales — comprising Tanishq, Mia, and Zoya — grew 18% to ₹12,460 crore, while CaratLane posted a strong 32% rise to ₹1,072 crore, aided by promotional offers and improved conversions.
“The domestic business saw a strong pick-up in consumer momentum during Navratri, supported by attractive gold exchange schemes despite elevated gold prices,” Titan said in its earnings statement. Its international jewellery business nearly doubled to ₹561 crore, driven by growth in the UAE and North America markets.
The company added 34 jewellery stores in India during the quarter, including six Tanishq, 18 Mia, and 10 CaratLane outlets, and also opened a Tanishq store in Virginia, USA.
Titan’s watches and wearables division posted a 13.3% revenue growth to ₹1,477 crore, propelled by double-digit sales across Titan, Fastrack, and Sonata. The analog segment expanded 17% on the back of higher volumes and average selling prices. The division added 15 new retail stores during the quarter.
The eyecare business recorded an 8.9% rise in revenue to ₹220 crore, supported by strong sales of sunglasses, while the emerging businesses — which include Taneira (ethnic wear), fragrances, and women’s bags — saw revenue soar 85% to ₹557 crore.
Within that category, Taneira reported double-digit growth, fragrances rose 47%, and women’s bags nearly doubled sales, driven by e-commerce momentum. Losses in emerging businesses narrowed to ₹24 crore from ₹29 crore a year earlier.
Titan, a joint venture between the Tata Group and the Tamil Nadu Industrial Development Corporation (TIDCO), closed Monday’s trading session at ₹3,727.80 per share on the BSE, down 0.46% from the previous close.
(Source: PTI)
