Titan Company delivered a standout performance in the December quarter, powered largely by its jewellery division, which offset the pressure of elevated gold prices and steered the company toward strong double-digit growth. The segment recorded a 42% year-on-year jump in revenue, reaching ₹22,517 crore in Q3FY26, underlining steady wedding and occasion-driven consumption despite a high price environment.
Within India, jewellery sales rose 41% to ₹21,458 crore. Core brands — Tanishq, Mia and Zoya — together grew 40% to ₹19,921 crore, aided by exchange initiatives, festive bundles and new product launches that encouraged higher store conversions. CaratLane also reported healthy momentum, with revenue climbing 42% to ₹1,537 crore, supported by promotional campaigns and increased average purchase values. The company’s profit after tax rose sharply by 61% to ₹1,684 crore during the quarter.
Managing Director Ajoy Chawla noted that customer engagement improved significantly due to exchange schemes, fresh collections and festive offers, making it one of the strongest quarters for the jewellery business. Titan also introduced ‘beYon’, its lab-grown jewellery line, aimed at widening its consumer base and strengthening its multi-brand portfolio across varied price segments.
Margins improved alongside volumes. The jewellery segment posted an EBIT of ₹2,475 crore with an 11% margin, while domestic operations generated ₹2,365 crore at the same margin level. CaratLane’s profitability expanded further, with margins rising to 13%. International jewellery revenue surged 83% to ₹1,058 crore, supported by store additions and improved same-store sales.
Expansion remained a key focus, with 49 net jewellery stores added during the quarter, largely across CaratLane, Mia and Tanishq. The move reflects Titan’s continued confidence that organised retail will capture a larger share of India’s still-fragmented jewellery market.