Titan Company (TITAN) — Financial Results

Titan Company Limited reported satisfying growth across all business divisions in Q2 FY'26 (half-year ended September 30, 2025). Jewelry faced headwinds with overall buyer growth at -2% and gold jewelry declining -11%, though studded jewelry grew +3%. Watches division accelerated to 16% festive growth versus 12% prior quarter, while CaratLane expanded margins by 250 basis points to 10%. Inventory increased ₹9,500 crores, primarily from gold price appreciation and seasonal stocking. Management targets 35-40 new Tanishq stores and 70-80 renovations, while eyewear continues at 13-14% growth targeting the ₹30,000 crore market where Titan holds <12% share.

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About Titan Company Limited (TITAN)

Consumer Durables · Consumer Durables · Listed on NSE

Market Cap: ₹3,70,126.93 Cr P/E: 77.6 ROE: 41.0% ROCE: 34.3%

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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