Titan Company Ltd reported a 43% year-on-year jump in net profit to ₹1,006 crore for the quarter ended September 30, 2025 (Q2FY26), driven by strong festive demand and a sharp rise in gold prices. The Tata Group company, which owns Tanishq and CaratLane, had posted a profit of ₹705 crore in the same quarter last year.
The company’s revenue increased 25% year-on-year to ₹16,534 crore, compared to ₹13,215 crore in Q2FY25, supported by healthy growth across its jewellery, watches, and eyewear segments.
On the National Stock Exchange (NSE), Titan shares closed 0.4% lower at ₹3,731.4 apiece on November 3.
Festive Demand Boosts Jewellery Sales
Managing Director C.K. Venkataraman said the quarter began on a slow note but picked up pace with the onset of early festive demand in September.
“The demand momentum during Navratri was particularly strong, leading to a healthy 21% growth in Q2FY26. Our jewellery business benefitted immensely from this surge, underscoring the enduring consumer trust in our brands Tanishq, Mia, Zoya, and CaratLane,” Venkataraman said.
Titan’s jewellery segment revenue rose 21% to ₹14,092 crore (excluding bullion and Digi-gold sales), reflecting resilient demand despite elevated gold prices.
Strategic Expansion
During the quarter, Titan also announced plans to acquire a controlling stake in Damas Jewellery, a leading and trusted luxury jewellery brand in the Gulf Cooperation Council (GCC) region. The acquisition marks a key milestone in Titan’s global expansion strategy.
“This acquisition reinforces our ambition to deliver exceptional value to customers worldwide. With positive festive sentiment, we remain focused on enhancing brand visibility and accelerating growth across businesses,” Venkataraman added.
