Editor’s Note
Titan Company Limited has delivered robust Q2 FY2026 results, marked by significant profit growth and strategic global expansion, including a major acquisition in the UAE. This performance underscores its market leadership and ambitious growth trajectory.
Titan Company Limited reported strong Q2 FY2026 results with total income up 28.5% to ₹18,837.00 crores and net profit rising 59% to ₹1,120.00 crores. The company plans to strengthen its jewelry business leadership and expand globally, including acquiring a 67% stake in Damas LLC (UAE). Jewelry division revenue grew 20.7%, watches increased 13.3%, and eyecare rose 8.9%. Titan aims for continued double-digit growth through strategic initiatives and global expansion.
Titan is set to reinforce its position in the jewelry market by:
- Strengthening leadership in the jewelry business
- Scaling watches, eyewear, and emerging lifestyle brands
- Expanding into the GCC region through the acquisition of Damas Jewellery
The acquisition of Damas Jewellery is expected to be a significant driver of growth in Titan’s global luxury ecosystem. On July 21, 2025, Titan Holdings International FZCO, a wholly owned subsidiary of Titan, entered into an agreement to acquire a 67% stake in Damas LLC (UAE) at an enterprise value of AED 1,038 Million. This strategic move aims to bolster Titan’s presence in the GCC countries’ jewelry market.
Titan reported robust financial results for the quarter ended September 30, 2025:
| Metric | Q2 FY2026 | YoY Growth |
| :— | :— | :— |
| Total Income | ₹18,837.00 crores | 28.5% |
| EBIT | ₹1,799.00 crores | 51.4% |
| Net Profit | ₹1,120.00 crores | 59.0% |
The company’s performance was driven by strong growth across its key segments:
- Jewelry: Revenue grew by 20.7% to ₹14,092.00 crores
- Watches: Revenue increased by 13.3% to ₹1,477.00 crores
- Eyecare: Revenue rose by 8.9% to ₹220.00 crores
Jewelry Division
- Domestic jewelry portfolio (Tanishq, Mia & Zoya) delivered 18% YoY growth
- Gold jewelry grew by approximately 13% YoY
- Studded jewelry saw steady growth of about 16% YoY
- International jewelry business sustained growth trajectory with 92% YoY increase
Watches Division
- Analog watches segment grew by approximately 17% YoY
- Titan brand clocked robust double-digit volume growth
- Smart Watches segment faced challenges with a 22% YoY decline in volumes
Eyecare Division
- Total income grew by 8.8% YoY to ₹220.00 crores
- Sunglasses outperformed eyewear solutions across both house and international brands
Mr. C K Venkataraman, Managing Director of Titan Company Limited
With the festive season driving positive consumer sentiment, Titan remains focused on strengthening brand salience and accelerating growth across all its businesses. The company’s strategic initiatives, including the Damas Jewellery acquisition and its focus on premiumization, are expected to contribute significantly to its goal of achieving sustained double-digit growth in the coming years.
As Titan continues to expand its global footprint and strengthen its market position, investors and industry observers will be keenly watching the company’s performance in the upcoming quarters.
