Editor’s Note
Titan’s Q3 FY26 results showcase a remarkable performance, with a 61% surge in net profit and 40% revenue growth driven by strong festive demand. This article details how the company exceeded market expectations.
Titan Company Limited announced its results for the third quarter of FY26 on Monday, February 10, 2026, delivering a performance that exceeded market expectations. The company’s net profit surged by 61% year-on-year to ₹1,684 crore. Robust festive demand for jewellery and watches propelled the company’s total income to grow by 40%, reaching ₹24,592 crore.
Titan’s net profit increased to ₹1,684 crore from ₹1,046 crore in the same quarter last year. Concurrently, the company’s total income witnessed a significant 40% jump, now standing at ₹24,592 crore. The company’s margins also improved, rising by 155 basis points to 10.8%.
| Category | Q3FY26 (Current) | Growth (YoY) | Key Highlights |
|---|---|---|---|
| Total Income | ₹24,592 Crore | 40% ↑ | Strong festive demand momentum |
| Net Profit | ₹1,684 Crore | 61% ↑ | Margin improvement by 155 bps |
| Jewellery Business | ₹22,517 Crore | 42% ↑ | Driven by Tanishq, Caratlane & Wedding sales |
| Watches & Wearables | ₹1,295 Crore | 14% ↑ | Analog segment grew by 20% |
| EyeCare Business | ₹231 Crore | 18% ↑ | Growth led by lenses and sunglasses |
| Emerging Business | ₹135 Crore | 15% ↑ | Fragrances grew by 24% (Skinn/Fastrack) |
Titan’s largest business segment, Jewellery, delivered an outstanding performance this quarter. The jewellery business grew by 42% to ₹22,517 crore. Despite high gold prices, consumers shopped enthusiastically during the Diwali and wedding season. Brands like Tanishq, Mia, and Zoya collectively showed a growth of 40%. The Caratlane acquisition also contributed significantly to growth.
The Watches & Wearables segment grew by 14% to ₹1,295 crore, with the analog watch segment showing a strong 20% growth. The EyeCare business grew by 18% to ₹231 crore, driven by sales of lenses and sunglasses. Emerging businesses, including fragrances under the Skinn and Fastrack brands, grew by 15% to ₹135 crore, with the fragrance category itself growing by 24%.
The company’s management expressed confidence in the future, citing margin improvement and new premium products. The strong festive demand momentum and strategic brand acquisitions like Caratlane position Titan for continued robust growth.