Titan Company , a leading player in the Indian jewellery and watch market, is expected to report robust quarterly results, with projections indicating a significant year-on-year increase in net profit. However, the company's flagship jewellery business may face some headwinds due to recent market conditions.

Key Highlights

Jewellery Segment Performance

Titan's jewellery business, which contributes approximately 88% of the company's overall revenue, is anticipated to experience moderated sequential growth. This moderation is primarily attributed to two factors:

1. Higher gold prices
2. Delayed festive purchases

The surge in gold prices, which reportedly saw an 18% increase between August and September, may have led to the postponement of some festive-season purchases.

Segment-wise Outlook

Analysis

The projected 38% year-on-year jump in net profit is partly attributed to a low base effect from customs duty adjustments in the previous year. Despite the challenges in the jewellery segment, Titan Company is expected to deliver strong overall performance.

The studded jewellery segment, which has been under pressure for the past four quarters, is showing the first signs of recovery. Its share is expected to remain stable at around 30% of the jewellery business.

CaratLane, Titan's online jewellery platform, continues to show robust growth with a projected 25% year-on-year increase in revenue, albeit with flat margins.

While the jewellery business faces some short-term challenges due to elevated gold prices, the company's diversified portfolio, including its watches and eyewear divisions, is expected to contribute positively to overall growth.

Investors and market watchers will be keenly observing how Titan navigates these market dynamics and whether the company can maintain its growth trajectory in the face of fluctuating precious metal prices and shifting consumer behavior.

Titan Company Limited , a prominent player in the Indian jewellery market, has taken a significant step towards international expansion by establishing a new step-down subsidiary in the United Arab Emirates (UAE). This strategic move is part of Titan's plan to acquire and manage Damas' jewellery business in Gulf Cooperation Council (GCC) countries.

Key Developments

• New Subsidiary: Signature Jewellery Holding Limited, UAE, has become a step-down subsidiary of Titan Company Limited through its wholly-owned arm, Titan Holdings International FZCO.
• Registration: The Dubai International Financial Centre (DIFC) registered the share transfer on October 9, 2025, with Titan receiving formal intimation on October 27, 2025.
• Purpose: Signature Jewellery will serve as the holding company for Damas' entire jewellery business in GCC countries.

Acquisition Details

Background and Implications

This development follows Titan's announcement in July 2025 regarding its agreement to acquire a majority stake in Damas' jewellery operations. The move signifies Titan's ambition to strengthen its presence in the GCC jewellery market.

Titan's expansion strategy through Signature Jewellery Holding Limited aligns with its goal to establish a strong foothold in international markets. This acquisition is expected to leverage Damas' established presence in the GCC region, potentially opening new avenues for growth and market penetration for Titan.

Market Response

As of the latest trading session, Titan shares were priced at ₹3,708.50 on the National Stock Exchange (NSE), showing a slight decline of ₹31.30 or 0.84%.

This strategic move by Titan Company Limited represents a significant step in its global expansion plans, particularly in the high-value jewellery markets of the GCC countries. As the transaction progresses towards its expected completion date, market observers will be keenly watching its impact on Titan's international operations and overall financial performance.