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5h ago

Titan Q2 Profit Jumps 59% on Jewellery Strength, Topping Estimates

Festive promotions and store expansion lifted demand as the board named Ajoy Chawla managing director from January 1, 2026.

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Thangamayil said October 2025 revenue surged to Rs 1,032 crore, crossing the Rs 1,000-crore monthly mark for the first time in its history.
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Overview

  • Titan reported consolidated net profit of Rs 1,120 crore for Q2 FY26, up 59% year on year, with sales up 22.17% to Rs 16,461 crore and total income up 28.5% to Rs 18,837 crore.
  • EBITDA rose 51.7% to Rs 1,875 crore and the EBITDA margin expanded to 10%, with results beating analyst estimates on profit and revenue.
  • Jewellery revenue grew 29.3% to Rs 16,522 crore, including 18% growth in domestic brands and a 32% rise at CaratLane to Rs 1,072 crore, while international jewellery nearly doubled to Rs 561 crore.
  • Management cited strong Navratri traction, coin promotions and a gold‑exchange offer for driving traffic, conversions and higher ticket sizes despite elevated gold prices.
  • The company added 34 jewellery stores in India and opened a Tanishq outlet in Virginia, while watches and wearables revenue increased 13.26%, eyewear rose 8.9%, and emerging businesses grew with narrower losses; the board approved Ajoy Chawla as MD effective January 1, 2026.