Titan reported a 59% year-on-year rise in consolidated net profit for the September quarter of FY26, hitting Rs 1,120 crore from Rs 704 crore a year earlier.

Sales across Titan brands rose, with Tanishq, Mia, and Zoya up 18% to Rs 12,460 crore and CaratLane up 32% to Rs 1,072 crore; international jewellery operations nearly doubled to Rs 561 crore, led by gains in the UAE and North America.

Jewellery remains Titan’s primary growth engine, contributing about 86% of operating revenue excluding bullion and digi-gold, with jewellery revenue at Rs 14,092 crore and segment profit up 55% to Rs 1,506 crore.

Other segments such as watches, eyewear and lifestyle products also posted steady growth.

Positive consumer sentiment persisted despite high gold prices, aided by an aggressive exchange program and Diwali campaigns, with festive demand boosted by Navratri timing and wedding season.

For the full year, Titan targets 35–40 new Tanishq stores and plans to renovate about 35 stores in the first half; Ajoy Chawla will replace retiring MD & CEO C.K. Venkataraman from January 1, 2026.

Titan opened 34 new jewellery stores across brands, including six Tanishq, 18 Mia, and 10 CaratLane outlets, and added a Tanishq store in Virginia, USA, while expanding existing stores.

The jewellery segment drove growth with a 29.3% rise, aided by promotions such as Tanishq’s gold exchange offer.

Titan positions itself as India’s leading lifestyle company, with holdings spanning jewellery, watches, eyecare, wearables, traditional wear, fragrances, and fashion accessories.

New and expanding businesses like fragrances and women’s bags posted meaningful gains, supported by e-commerce initiatives, contributing to the quarter’s positive performance.

Emerging businesses (Taneira, Fragrances, Women’s Bags) grew 34% year-on-year to Rs 142 crore, with losses narrowing to Rs 24 crore as efficiency improvements paid off; Women’s Bags surged 90% and Fragrances 47% YoY.

CaratLane, Titan’s domestic e-commerce and omni-channel arm, achieved a 32% revenue uptick due to targeted promotions.

Titan, part of the Tata Group, benefited from festive-season demand and stepped up advertising campaigns ahead of the holidays, with advertising expenditure rising to Rs 408 crore.

Management cited festive demand, Navratri momentum, and brand strength, and announced plans to acquire a controlling stake in Damas Jewellery to expand in the GCC.

Bullion and digi-gold sales nearly doubled to Rs 2,430 crore and are reported separately from jewellery revenue; Titan also announced the plan to acquire a controlling stake in Damas Jewellery to broaden its GCC footprint.

Watches and wearables grew, with revenue up 13% to Rs 1,477 crore and segment profit up 22% to Rs 238 crore, supported by stronger analogue and premium watch demand despite a dip in smart wearables.

The watches and wearables segment expanded by about 13% year-on-year, complemented by premiumisation and solid performance from Fastrack and Titan brands.

Watches revenue rose to Rs 1,477 crore with an EBIT margin of about 16%, contributing to the overall positive earnings mix.

Total assets rose to Rs 52,030 crore from Rs 40,647 crore at the previous March.

Operating margins improved to 9.3% for the quarter.

Eyecare revenue increased to Rs 220 crore, up about 9% year over year, with sunglasses outperforming prescription eyewear.

Chawla, a Titan veteran since 1991 and head of jewellery since 2019, has overseen a substantial rise in sales and profits.

Profitability rose as profit before tax grew about 60.5% year-on-year to Rs 1,522 crore and net profit climbed 59% to Rs 1,120 crore, with a net margin of around 6.8%.

Analysts noted that a festive calendar shift boosted Q2 demand, but underlying jewellery demand remained healthy despite gold price volatility, with expectations of margin stabilization as prices moderate.

Titan Engineering & Automation revenue more than doubled, rising 112.2% year-on-year to Rs 415 crore.