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Informist, Tuesday, Oct. 6, 2026

--Titan Co consumer business revenue up 25% on year in Jul-Sept 

--Titan Co India business revenue up 22% on year in Jul-Sept 

--Titan Co India jewellery business revenue up 21% on year in Jul-Sept 

--Titan Co net added 78 stores across consumer ops in Q2, total stores 3,758 

--Titan Co net added 77 stores in India Jul-Sept 

--Titan Co India watches business revenue up 30% on year in Jul-Sept 

--Titan Co India EyeCare business revenue up 28% on year in Jul-Sept 

--Titan Co India CaratLane revenue up 32% on year in Jul-Sept 

NEW DELHI – Titan Co. Ltd. Tuesday said the revenue from its consumer business grew 25% on year in the September quarter, led by international operations. The company added 78 new stores during the quarter, taking the total store count to 3,758 as of Sept. 30, it said in an exchange filing. Of these, 77 new stores were added in the domestic business, and one in the international business. 

Revenue from international operations grew 97% year-on-year, the company said. With the addition of one new store, the company had a total of 164 stores in the international market as of Sept. 30, according to the exchange filing. 

"The Jewellery businesses of Tanishq, Mia and CaratLane (combined) continued its strong double-digit momentum in North America. The GCC business has held up well in a volatile geopolitical environment and recording improving growths for Tanishq, with Damas showing early signs of recovery," the company said. 

Revenue from the company's domestic business grew 22% year-on-year, and the total store count in India stood at 3,594. The watch segment's revenue grew 30% year-on-year. "Business recorded a robust c.30% YoY growth for the quarter. Continuing to ride on strong premiumization trends, Analog watches clocked healthy growth in the early thirties. Smart Watches business saw a recovery with encouraging high single-digit growth for the quarter," the company said.

Revenue from the jewellery business grew 21% year on year, led by Caratlane. Caratlane's revenue grew 32% year-on-year, and the revenue of Tanishq, Mia, Zoya, and beYon collectively grew 20% year-on-year. "Portfolio (all brands) clocked c.21% YoY (year-on-year growth for the quarter. Consumer demand was healthy for most of the quarterly period, with some softening towards the close owing to shift in the festive calendar to Q3FY27. Aided by 'Festival of Diamonds' and brand-level promotions, studded jewellery grew strongly in the early thirties while plain gold jewellery grew c.20% YoY (year-on-year)," the company said. The investment-led coins demand tapered (off a high base), resulting in a high single-digit decline year-on-year, it added. "Buyer growth (at a portfolio level) came in mid-single digits, with average ticket sizes seeing double-digit growth in this period."

The eyecare segment's revenue grew 28% year-on-year, and the emerging business registered revenue growth of 21% year-on-year. In the portfolio, Fragrances clocked mid-thirties growth year-on-year, women's bags grew year-on-year in the twenties, and Taneira's growth was in high single digits year-on-year, the company said. 

The company had reported a net profit of INR 16.99 billion on revenue of INR 181.01 billion for the June quarter. Tuesday, shares of Titan closed 0.7% lower at INR 4,550 apiece on the National Stock Exchange.  End

Reported by Astha Oriel

Edited by Avishek Dutta

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