Festive demand, brand campaigns drive strong gains in jewellery, watches, EyeCare and fragrances
Titan reported a consolidated net profit of Rs 1,684 crore for the October-December quarter of FY26, up 61 per cent from Rs 1,047 crore in the same period last year. Revenue from operations rose 43 per cent year-on-year to Rs 25,416 crore, compared with Rs 17,740 crore in Q3 FY25.The growth was powered by strong performance in its jewellery business, complemented by steady gains across other consumer segments.
The sharp rise in the bottom line came despite a one-time impact of Rs 152 crore due to the implementation of new labour codes.
Jewellery Business Leads Growth
The company’s jewellery division delivered robust results, with revenue climbing 42 per cent YoY to Rs 22,517 crore (excluding bullion and digi-gold sales). Titan attributed the performance to festive collections, high-impact marketing campaigns, and effective exchange programs, which helped sustain consumer demand despite elevated gold prices.
“India (Domestic) business recorded one of its highest ever quarterly growth performance (excluding Covid periods) led by a vibrant festive and backed by visible and evocative campaigns for all brands in the portfolio. The robust growth was supported by a powerful exchange program, wedding sales, festive collections and attractive coin offers driving strong growth momentum throughout the quarter, despite elevated gold prices,” the company said.
Tanishq, Mia, and Zoya collectively recorded revenue of Rs 19,921 crore, up 40 per cent, while Titan’s overall India jewellery business expanded 41 per cent YoY to Rs 21,458 crore.
During the quarter, Titan added 49 net new jewellery stores, including 47 in India, comprising 24 CaratLane, 11 Mia, 10 Tanishq, 1 Zoya, and 1 beYon outlet. Tanishq also opened two stores in the United States, in Boston and Orlando.
Spot gold prices rose nearly 12 percent during the quarter, marking the metal’s steepest annual increase since 1979, driven by geopolitical tensions, rate cuts, and central bank buying.
Watches Segment Gains Momentum
Titan’s watches business grew 14 per cent to Rs 1,295 crore, aided by festive gifting and sustained demand for analog timepieces. Analog watches remained the primary driver, with consumer sales up 20 per cent and strong same-store-sales growth across key retail formats.
“Premiumization journey saw steady progress across Titan, Fastrack and Sonata brands, all growing in healthy double-digits compared to Q3FY25. Smart Watches saw demand moderation in volumes declining year-on-year by 27 per cent amidst stable pricing in the sub-segment,” the company said.
Other Consumer Segments Perform Well
The EyeCare business saw healthy growth, driven by high single-digit volume gains and mid-single-digit price increases, with lenses and sunglasses posting double-digit growth.
“Women’s Bags experienced strong double-digit growth in both volumes and ASP; Fragrances business grew 24 per cent, driven by strong volume growths in Skinn and Fastrack perfumes. Taneira’s consumer business grew 7 per cent, led by an increase in ASP and same-store-sales growth,” Titan added.
Ajoy Chawla, Managing Director of Titan, said that jewellery sales benefited from attractive exchange programs, new collections, and bundled offers, resulting in one of Titan’s best quarters. “Our Watches and EyeCare businesses sustained their growth trajectories, clocking valuable gains across key brands in their portfolios. We are encouraged by the consistent performance in our Fragrances business and investing to grow our Women’s Bags and Taneira businesses.”
