Titan Q2 Update: 20% YoY Growth in Consumer Business, Global Operations Surge 86%
Titan Company Ltd, part of the Tata Group, reported strong growth across segments in its Q2 FY26 business update. The company’s consumer businesses delivered a 20% year-on-year (YoY) rise in revenue, while international operations recorded an impressive 86% jump during the July–September quarter.
The company expanded its retail presence by opening 55 new stores in the quarter, taking its total network to 3,377 outlets across India and overseas.
Domestic Performance
Titan’s domestic business grew 18% on-year, driven primarily by a 19% rise in the jewellery segment. The watches, eyewear, and emerging businesses posted growth of 12%, 9%, and 37%, respectively.
Within the jewellery division, CaratLane continued its strong momentum, outperforming other brands such as Tanishq, Mia, and Zoya, with a 30% increase in sales compared to 18% growth by the others. The company also added 34 new jewellery stores during the quarter.
Titan’s stock ended the day marginally lower, slipping 0.20% to ₹3,416.55 on the BSE after the company released its update post-market hours.
Emerging and International Businesses
In the emerging businesses category, fragrances saw a robust 48% YoY growth, led by higher volumes in the Fastrack and Skinn lines. The women’s bags segment witnessed a sharp 90% YoY increase due to network expansion, while Taneira, Titan’s ethnic wear brand, grew 13%. Irth, the premium bag brand, opened two new stores in Delhi and Kolkata, while Taneira closed two outlets during the same period.
Titan’s international business delivered an 86% YoY surge, led by Tanishq, which more than doubled its revenue in the United States and recorded strong double-digit growth in the Gulf Cooperation Council (GCC) markets. The brand also launched a new store in Virginia, USA, during the quarter.