The company’s growth was largely driven by sustained momentum in the jewellery business along with resilient demand in the watches segment. Jewellery portfolio grew 50% to Rs 18,195 crores excluding bullion and digi-gold sales during the quarter despite elevated gold prices. Analog watches grew 15% during the quarter on the back of continuing premiumization trends.
Within the segment, Titan’s India jewellery business posted income of Rs 17,114 crore, up 46 per cent from a year ago comprising Tanishq, Mia and Zoya business (combined) growing 48% to Rs 16,047 crore. CaratLane recorded 22% growth to reach Rs 1,066 crores The international jewellery business grew 174% to Rs 1,081 crores to Rs 1,081 crore.Titan continued to expand its retail presence during the quarter, adding a net 27 jewellery stores in India, including 8 Tanishq stores, 14 Mia stores and 5 CaratLane outlets. Tanishq also opened four new stores in the GCC region.
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During the quarter, the company completed the acquisition of a 67 per cent stake in Damas Jewellery, a leading jewellery brand in the GCC market. The deal added 123 stores to Titan’s network and marked a significant milestone in its overseas expansion strategy.
In the watches segment, analog watches recorded 15 per cent growth, aided by premiumisation trends. Titan said international jewellery operations also witnessed double-digit retail growth across GCC and North American markets. However, the smart watches category remained weak.
“This segment witnessed nearly 50 percent decline in overall value,” the company said in the stock exchange filing.
The eyewear business reported a 17 per cent increase in income to Rs 227 crore during the quarter. Titan’s emerging businesses, including Skinn fragrances, IRTH women’s bags and ethnic wear brand Taneira, delivered mixed performances.
“Fragrances maintained its strong volume momentum across both the Skinn and Fastrack perfume lines, IRTH Women’s Bags witnessed robust volume growth and continued to gain in brand salience whereas Taneira’s revenue was flattish for the quarter,” the company stated.
For the full FY26 fiscal year, Titan’s consolidated total income rose 33 per cent to Rs 76,078 crore, while profit after tax increased 52 per cent to Rs 5,073 crore.
“FY26 has been a landmark year for Titan. We had crossed the Rs 50,000 crore annual revenue milestone in FY25 after nearly 40 years. The next Rs 25,000 crores has been remarkably achieved in a single year of FY26. This is a reflection of the enduring strength of our brands, the trust of our consumers,” said Ajoy Chawla, managing director of Titan Company.
“Our emerging businesses are growing well whilst strengthening their customer value proposition to build the foundations for sustainable growth. As we step into FY27 with optimism on the back of an exceptional FY26 performance, we are conscious of the macro volatility and fragile geopolitical situations that necessitate all around agility to respond effectively to grow our businesses,” he added.