Titan Q3 Results: Profit Soars 61% to Rs 1,684 Crore

Introduction

Titan Company Limited announced a robust financial performance for the third quarter of the fiscal year 2026, ending December 31, 2025. The company reported a consolidated net profit of Rs 1,684 crore, marking a significant 61% year-on-year increase from the Rs 1,047 crore recorded in the same period last year. This growth was primarily fueled by strong consumer demand during the festive season, which bolstered sales across its key business segments, particularly jewellery.

Stellar Financial Performance

The Tata Group-backed company's revenue from operations witnessed a substantial 43% rise, reaching Rs 25,416 crore in Q3 FY26 compared to Rs 17,740 crore in the corresponding quarter of the previous year. The operational efficiency also saw a marked improvement. Earnings Before Interest and Tax (EBIT) grew by 63% year-on-year to Rs 2,657 crore. Furthermore, the company's EBIT margin expanded by 155 basis points to 10.8%, indicating stronger profitability.

Jewellery Division Leads the Charge

The jewellery division remained the primary growth engine for Titan, delivering an exceptional performance despite elevated gold prices. The segment's revenue grew by 42% year-on-year to Rs 22,517 crore, excluding bullion and digital gold sales. This growth was attributed to successful festive collections, impactful brand campaigns, and effective exchange programs that resonated with consumers.

The domestic jewellery business in India recorded one of its highest-ever quarterly growth rates, expanding by 41% to Rs 21,458 crore. The combined performance of its flagship brands—Tanishq, Mia, and Zoya—saw a 40% increase in revenue to Rs 19,921 crore. To support this growth, Titan expanded its retail footprint by adding a net of 49 new jewellery stores during the quarter, including 47 in India and two new Tanishq stores in the United States.

Performance of Other Segments

Titan's other business verticals also contributed positively to the overall results. The Watches and Wearables division registered a 14% growth in revenue, reaching Rs 1,295 crore. This was driven by strong demand for analog timepieces during the festive gifting season, with the analog segment itself growing 20% in consumer sales. The company's premiumization strategy across brands like Titan, Fastrack, and Sonata yielded healthy double-digit growth. However, the smartwatch sub-segment experienced a moderation in demand, with volumes declining by 27% year-on-year.

The EyeCare segment posted an 18% increase in revenue to Rs 231 crore, supported by healthy demand in core categories. Both lenses and sunglasses achieved double-digit growth during the quarter.

Emerging Businesses and Management Outlook

Emerging businesses also showed promise. The fragrances business grew by 24%, while the women's bags category saw strong double-digit growth in both volumes and average selling prices. Taneira, the company's ethnic wear brand, grew its consumer business by 7%.

Ajoy Chawla, Managing Director of Titan, described the quarter as "stellar," highlighting the broad-based consumer interest across all portfolios. He stated, "Our jewellery business drove strong buyer engagements via attractive exchange programs, exquisite new collections and lucrative bundled offers resulting in one of its best ever growth quarters. Our Watches and EyeCare businesses sustained their growth trajectories, clocking valuable gains across key brands in their portfolios."

Market Reaction and Share Price

Ahead of the results announcement on February 10, 2026, Titan's shares performed well on the stock market. The stock closed nearly 1% higher at Rs 4,293.80 apiece, after touching a new 52-week high of Rs 4,329.60 during the day's trading session. The strong quarterly performance is expected to keep the stock in focus as markets reopen.

Conclusion

Titan Company's third-quarter results for FY26 underscore its resilience and strong market position, particularly in the jewellery segment. The company successfully navigated high gold prices to deliver record growth, driven by strategic marketing and robust consumer demand. With continued expansion and positive momentum across its diverse portfolio, Titan is well-positioned for sustained growth.