Home / Business and Economy / Titan's Jewellery Segment Shines with 59% Profit Surge in Q2 FY26
Titan's Jewellery Segment Shines with 59% Profit Surge in Q2 FY26
4 Nov
Summary
- Titan's net profit surged 59% to Rs 1,120 crore in Q2 FY26
- Jewellery division led by Tanishq and CaratLane showed robust growth
- Watches and eyewear segments also performed well
On November 4, 2025, Titan Company, the Tata Group's lifestyle major, reported a stellar financial performance for the second quarter of the fiscal year 2026. The company's consolidated net profit surged 59% year-on-year to Rs 1,120 crore, fueled by an early festive season boost, particularly in its jewellery segment.
Total sales for the quarter stood at Rs 16,461 crore, reflecting a 22% year-on-year increase. The company's EBITDA grew 51% to Rs 1,799 crore, supported by margin expansion across key segments and double-digit growth in most businesses.
Titan's jewellery division, comprising the Tanishq, Mia, Zoya, and CaratLane brands, remained the primary growth driver. The segment's total income (excluding bullion and Digi-Gold) rose 21% year-on-year to Rs 14,092 crore. The domestic jewellery business, which includes Tanishq, Mia, and Zoya, posted an 18% increase to Rs 12,460 crore. CaratLane, Titan's online-first jewellery brand, recorded a 32% year-on-year revenue rise to Rs 1,072 crore.
The watches and wearables segment also reported a 13% increase in total income to Rs 1,477 crore, driven by robust demand across the Titan, Fastrack, and Sonata brands. Titan's eyewear business, operating under the Titan Eye+ brand, saw a 9% year-on-year growth in income to Rs 220 crore.
Following the strong Q2 results, global brokerage firm Morgan Stanley maintained its Overweight rating on Titan and set a target price of Rs 3,953, noting that the company outperformed expectations across key financial metrics.
