Titan Jewellery Business Shines in Q2 with 21% Growth, Driven by Festive Boost and Brand Momentum

Mumbai: Titan Company Limited posted a stellar performance in the second quarter of FY26, with its jewellery division recording a 21% year-on-year rise in total income (excluding bullion and digi-gold) to ₹14,092 crore. The growth was powered by strong festive demand, strategic campaigns, and expanding consumer confidence across domestic and international markets.

The company’s domestic jewellery portfolio, comprising Tanishq, Mia, and Zoya, grew 18% to ₹12,460 crore, while CaratLane continued its impressive trajectory with 32% growth to ₹1,072 crore. Meanwhile, Titan’s international jewellery business nearly doubled to ₹561 crore, fuelled by sustained traction in the UAE and North America.

Profitability remained strong across all segments. The domestic operations delivered an EBIT of ₹1,381 crore at an 11.1% margin, while CaratLane recorded ₹109 crore EBIT at 10.1% margin. International jewellery operations contributed ₹16 crore EBIT at 2.8% margin.

Describing the quarter as “very satisfying,” C.K. Venkataraman, Managing Director of Titan Company, attributed the upbeat results to early festive activity and strong brand pull.

“The quarter began gradually but gained momentum with the onset of early festivities in September. Navratri, in particular, saw exceptional traction, lifting overall jewellery sales by 21% for the quarter. The results reaffirm the enduring consumer trust in our brands — Tanishq, Mia, Zoya, and CaratLane,” Venkataraman said.

A major contributor to the sales momentum was Titan’s Gold Exchange initiative, fronted by Sachin Tendulkar. The campaign struck an emotional chord with consumers by promoting gold exchange as a way to unlock personal and national value. According to Ajoy Chawla, CEO of the Jewellery Division, the strategy — alongside gold rate-linked offers instead of conventional making-charge discounts — enhanced conversions even in a high gold price environment.

The quarter also saw a shift in consumer buying behaviour, with higher ticket sizes and a notable 65% surge in gold coin sales. Studded jewellery maintained its growth momentum, rising 16% year-on-year, supported by new festive collections like Mriganka and Whispers from the Valley.

Titan continued to expand its retail presence, adding 25 new stores in Q2, bringing the total to 510 domestic and 23 international outlets across Tanishq, Mia, Zoya, and CaratLane. The company also reaffirmed its long-term growth vision with a planned majority acquisition of Damas Jewellery, a leading luxury retailer in the GCC region — a move signalling Titan’s growing global ambitions.