Titan Company Limited (ISIN: INE280A01028) has outlined ambitious plans for continued double-digit growth, focusing on strengthening its jewelry business leadership and expanding its global footprint. The company recently announced its financial results for the second quarter of fiscal year 2026, demonstrating strong performance across its key segments.

Strategic Growth Initiatives

Titan is set to reinforce its position in the jewelry market by:

1. Strengthening leadership in the jewelry business
2. Scaling watches, eyewear, and emerging lifestyle brands
3. Expanding into the GCC region through the acquisition of Damas Jewellery

The acquisition of Damas Jewellery is expected to be a significant driver of growth in Titan's global luxury ecosystem. On July 21, 2025, Titan Holdings International FZCO, a wholly owned subsidiary of Titan, entered into an agreement to acquire a 67% stake in Damas LLC (UAE) at an enterprise value of AED 1,038 Million. This strategic move aims to bolster Titan's presence in the GCC countries' jewelry market.

Q2 FY2026 Financial Highlights

Titan reported robust financial results for the quarter ended September 30, 2025:

The company's performance was driven by strong growth across its key segments:

1. Jewelry: Revenue grew by 20.7% to ₹14,092.00 crores
2. Watches: Revenue increased by 13.3% to ₹1,477.00 crores
3. Eyecare: Revenue rose by 8.9% to ₹220.00 crores

Segment-wise Performance

Jewelry Division

• Domestic jewelry portfolio (Tanishq, Mia & Zoya) delivered 18% YoY growth
• Gold jewelry grew by approximately 13% YoY
• Studded jewelry saw steady growth of about 16% YoY
• International jewelry business sustained growth trajectory with 92% YoY increase

Watches Division

• Analog watches segment grew by approximately 17% YoY
• Titan brand clocked robust double-digit volume growth
• Smart Watches segment faced challenges with a 22% YoY decline in volumes

Eyecare Division

• Total income grew by 8.8% YoY to ₹220.00 crores
• Sunglasses outperformed eyewear solutions across both house and international brands

Management Commentary

Mr. C K Venkataraman, Managing Director of Titan Company Limited, stated, "The quarter witnessed a slow start, but performance progressively improved with the early festive commencement in September. The demand momentum in Navratri was particularly strong, leading to a healthy 21% growth in Q2FY26. Our Jewellery business, in particular, benefitted immensely from this late surge, underscoring the enduring consumer affinity for our brands of Tanishq, Mia, Zoya, and CaratLane."

Future Outlook

With the festive season driving positive consumer sentiment, Titan remains focused on strengthening brand salience and accelerating growth across all its businesses. The company's strategic initiatives, including the Damas Jewellery acquisition and its focus on premiumization, are expected to contribute significantly to its goal of achieving sustained double-digit growth in the coming years.

As Titan continues to expand its global footprint and strengthen its market position, investors and industry observers will be keenly watching the company's performance in the upcoming quarters.

Titan Company Limited , a leading player in India's jewelry and watch market, has reported robust financial results for the second quarter, showcasing strong growth across key financial metrics.

Financial Highlights

Titan's performance in Q2 demonstrated significant growth:

The company's net profit saw a substantial year-over-year increase of 59%, reaching Rs 1,120.00 crore. This growth was primarily driven by early festive demand, particularly in the jewellery business. Sales grew by 22% to Rs 16,461.00 crore, while EBITDA jumped 51% to Rs 1,799.00 crore due to margin expansion and double-digit growth across most business segments.

Segment Performance

Titan's diverse portfolio contributed to its overall growth:

Jewellery

The jewellery division, including brands Tanishq, Mia, Zoya, and CaratLane, remained the primary revenue driver. It generated a total income of Rs 14,092.00 crore (excluding bullion and Digi-Gold), up 21% year-on-year. Growth in this segment was supported by strong festive demand, improved studded jewellery mix, and expansion in domestic and overseas markets.

Watches and Wearables

While specific figures weren't provided, this segment likely contributed to the company's overall growth.

Other Segments

The company's other business segments, such as eyewear, also played a role in the double-digit growth across most divisions.

Market Outlook

Titan's strong Q2 results highlight its operational strength and ability to capitalize on festive demand. The significant growth in the jewellery segment, coupled with expansion in both domestic and international markets, positions the company well for continued success.

As Titan navigates the evolving retail landscape and consumer preferences, the company's diverse portfolio and strong brand presence provide a solid foundation for future growth. Investors and market watchers will likely keep a close eye on how Titan maintains this momentum in the coming quarters, particularly as it continues to expand its market reach and product offerings.

Conclusion

Titan's Q2 results demonstrate the company's resilience and ability to drive profitability even amid challenging market conditions. With strong financial performance across key metrics and robust growth in its core jewellery business, Titan appears well-positioned to maintain its leadership in India's lifestyle and retail sector.