Titan Q3 Results: Net profit rises 61% to Rs 1,684 crore; Jhunjhunwala portfolio holds 5.31% stake

Titan Company Ltd delivered a stellar performance for the third quarter of the 2026 financial year, reporting a consolidated net profit of Rs 1,684 crore. This represents a significant 61 per cent year-on-year increase compared to the Rs 1,047 crore recorded in the same period last year. The company’s total income surged by 40 per cent to reach Rs 24,592 crore, while revenue from operations grew 43 per cent to Rs 25,416 crore. This growth was accompanied by a healthy margin improvement of 155 basis points, bringing the EBIT margin to 10.8 per cent.

The jewellery division remained the primary growth engine, with total income rising 42 per cent to Rs 22,517 crore. Despite elevated gold prices, the domestic India business achieved one of its highest-ever quarterly growth performances, jumping 41 per cent to Rs 21,458 crore. Popular brands Tanishq, Mia and Zoya saw a combined increase of 40 per cent, reaching Rs 19,921 crore, while Caratlane grew by 42 per cent to Rs 1,537 crore. This momentum was fueled by vibrant festive campaigns, wedding sales and a robust gold exchange program.

In the watches and wearables segment, Titan recorded a total income of Rs 1,295 crore, marking a 14 per cent growth over the previous year. The analog segment remained a mainstay, growing by 20 per cent, supported by a steady premiumization journey across the Titan, Fastrack and Sonata brands. While smartwatches saw a volume decline of 27 per cent due to market moderation, the segment still maintained a healthy 12 per cent EBIT margin. The EyeCare business also contributed positively, with double-digit growth in lenses and sunglasses leading to a total income of Rs 231 crore.

The company's emerging businesses and international expansion also showed promising results. The international jewellery arm clocked double-digit growth, aided by new store openings in US cities like Boston and Orlando. Domestically, the Fragrances business grew 24 per cent and Taneira’s consumer business rose by 7 per cent. Collectively, these emerging segments saw their income increase by 15 per cent to Rs 135 crore, successfully narrowing their combined losses to Rs 26 crore as the company continues to invest in long-term scaling.

About Titan Company Limited

Established in 1987 as Titan Watches Limited, Titan Company Limited is a joint venture between the Tata Group and the Tamilnadu Industrial Development Corporation (TIDCO). Over the decades, Titan has significantly diversified beyond watches, venturing into jewellery (Tanishq) in 1994, followed by EyeCare. They've continued to expand into various lifestyle segments, introducing brands for fragrances (SKINN), accessories, Indian dress wear (Taneira) and women's bags (IRTH). Titan is recognised for its transformative impact on India's watch and jewellery sectors and pioneering experiential retail in the country.

The company is a part of the BSE Sensex Index with the market cap of over Rs 3.8 lakh crore. Jhunjhunwala holds a 5.31 per cent stake, Tamil Nadu Industrial Development Corporation (TIDCO) holds 27.88 per cent and Tata Group holds a 25.02 per cent stake in the company as of December 2025. The stock is up by 49 per cent from its 52-week low of Rs 2,947.55 per share.

Disclaimer: The article is for informational purposes only and not investment advice.