Titan Company Limited reported a glittering performance in Q2FY26, with its jewellery division posting a 21% year-on-year rise in total income (excluding bullion and digi-gold) to ₹14,092 crore. The domestic brands — Tanishq, Mia, and Zoya — grew by 18% to ₹12,460 crore, while CaratLane recorded an impressive 32% jump to ₹1,072 crore. Internationally, revenue nearly doubled to ₹561 crore, led by strong growth in the UAE and North American markets.
Profitability remained solid, as the domestic portfolio delivered an EBIT of ₹1,381 crore at an 11.1% margin. CaratLane’s EBIT stood at ₹109 crore with a 10.1% margin, and the international segment contributed ₹16 crore at a 2.8% margin.
Managing Director C.K. Venkataraman described the quarter as “very satisfying,” highlighting how early festive demand, particularly during Navratri, fuelled a sharp rebound. He noted that the period’s late surge reaffirmed customer trust and the enduring appeal of Titan’s jewellery brands.
The company’s gold exchange campaign, led by Sachin Tendulkar, played a key role in driving customer engagement. By emotionally linking gold exchange to personal and national value creation, the initiative resonated deeply with consumers. Alongside this, Titan’s innovative “gold rate-linked” promotions helped maintain demand even amid record gold prices.
Sales momentum was further supported by a 65% rise in gold coin purchases and a 16% growth in studded jewellery, buoyed by festive collections such as Mriganka and Whispers from the Valley.
Expanding its footprint, Titan opened 25 new jewellery stores during the quarter, bringing its total to 510 in India and 23 overseas across Tanishq, Mia, Zoya, and CaratLane. Reinforcing its international ambitions, the company also announced plans to acquire a controlling stake in Damas Jewellery, a leading GCC brand.