Titan Company Posts 20% YoY Growth in Q2FY26, Adds 55 New Stores

Bengaluru, October 8, 2025: Titan Company Ltd (NSE: TITAN) showed a solid performance in the second quarter of FY26, as the consumer businesses saw approximately 20% year-on-year (YoY) growth. Retail presence was enhanced through the addition of new stores in the quarter by 55, making the total stores as of September 2025 3,377.

Key Business Highlights

Titan Company Limited recorded a 20% year-on-year growth in its total consumer businesses in Q2FY26, driven by the addition of 55 net new stores, bringing the total store count to 3,377 as of September 2025. Key highlights across segments include:

• Domestic Business: Grew 18% YoY with 54 new stores, reaching 3,345 stores.
• Jewellery Business: Increased 19% YoY with 34 new stores, totaling 1,120 stores.
  • Tanishq, Mia, and Zoya: Added 24 stores, achieving 18% growth collectively.
  • CaratLane: Added 10 stores, growing 30% YoY to 341 stores.
• Watches Business: Expanded 12% YoY with 15 new stores, totaling 1,259 stores.
• Eyewear Business: Increased 9% YoY with 5 new stores, reaching 877 stores.
• Emerging Businesses: Grew 37% YoY with 89 new stores added.
• International Business: Recorded 86% YoY growth, adding 1 store for a total of 32 stores.

This robust expansion reflects Titan’s consistent focus on growth across domestic, emerging, and international markets, strengthening its overall retail presence.

Segment-Wise Performance

• Jewellery: The India jewelry market recorded approximately 19% growth YoY, as a result of the increase in average ticket size in the backdrop of gold price appreciation. The previous festive season demand and robust consumer promotions induced the demand. Tanishq, Mia, and Zoya’s portfolio recorded mid-teen growth in studded jewelry, and gold coins continued to perform smoothly. CaratLane kept the pace with 30% growth and the addition of 10 new stores. Titan opened the inaugural wedding destination store under the name “Rivaah” in Delhi in the quarter.
• Watches & Wearables: The watch segment increased 12% YoY, spearheaded by analog, which increased by 17%. The Titan brand recorded robust double-digit growth, although the smart wearables segment declined by 23%. Fifteen new stores have been launched under the Titan World, Helios, and Fastrack formats.
• EyeCare: The segment recorded 9% growth YoY, led by premium international eyewear brands and growth through the online channel. Five new Runway stores were opened during the quarter.
• Emerging Businesses: Perfumes increased 48% YoY, Women’s handbags rose by 90%, and ethnic wear chain Taneira rose by 13%. Irth launched two new stores in Delhi and Kolkata, and closed two stores in each of these locations.
• International Operations: The overseas business increased by 86% YoY, as revenue in the US market was more than doubled by Tanishq and the GCC market posted double-digit growth. Tanishq launched a new outlet in Virginia, USA.

Titan Shares Surge Over 3% on Strong Q2FY26 Performance

Following the announcement of its Q2FY26 results, Titan Company Ltd shares saw a strong positive response on October 8, 2025. As of 12:38 pm IST, the stock was trading at ₹3,541.90, up ₹123.70 or 3.62% for the day. The shares opened at ₹3,474.00, reaching a high of ₹3,578.00 and a low of ₹3,460.00, reflecting investor optimism after the company reported robust growth across domestic, jewellery, watches, eyewear, emerging, and international businesses. Titan’s market capitalisation stood at ₹3.14 lakh crore, with a P/E ratio of 84.64 and a dividend yield of 0.31%.

REF: https://nsearchives.nseindia.com/corporate/TITAN_07102025164635_Q2update202526.pdf

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