Titan Company Ltd delivered a robust performance in the December quarter of FY26, reporting a consolidated net profit of ₹1,684 crore, a sharp 61% increase over ₹1,047 crore in the corresponding quarter last year. Consolidated total income rose 40% year-on-year to ₹24,592 crore, underlining sustained growth momentum across its core businesses.
The quarter was led by an exceptional showing in the domestic jewellery business, which recorded one of its strongest-ever quarterly growth performances (excluding Covid periods). A vibrant festive season, supported by high-impact brand campaigns, exchange programmes, wedding-led demand, festive collections and attractive coin offers, helped drive strong consumer traction despite elevated gold prices. International jewellery operations also delivered robust double-digit retail growth, aided by store expansion and healthy like-to-like performance.
Overall, the jewellery business grew 42% over Q3 FY25 to ₹22,517 crore. Within this, India business income increased 41% to ₹21,458 crore, with the combined Tanishq, Mia and Zoya portfolio rising 40% to ₹19,921 crore. CaratLane continued its strong trajectory, registering 42% growth to ₹1,537 crore. The international jewellery business posted a sharp 83% growth to ₹1,058 crore. The jewellery segment delivered an EBIT of ₹2,475 crore, translating into a healthy margin of 11%.
The domestic watches business witnessed strong festive traction, particularly from gifting occasions. The analog segment remained the mainstay, clocking 20% growth in consumer sales, supported by healthy same-store sales across key retail formats. Titan’s premiumisation strategy continued to gain ground, with Titan, Fastrack and Sonata brands all recording healthy double-digit growth year-on-year. In contrast, smartwatches saw moderation, with volumes declining 27% YoY amid stable pricing. The watches business reported total income of ₹1,295 crore for the quarter, up 14% over Q3 FY25, with an EBIT of ₹156 crore and margins of 12%.
The domestic eyecare business also posted a steady performance, supported by healthy demand in core categories. High single-digit volume growth, coupled with mid-single digit growth in average selling prices, drove the momentum, led by double-digit growth in lenses and sunglasses. The segment reported total income of ₹231 crore, up 18% YoY, and EBIT of ₹24 crore, with margins at 10.5%.
Commenting on the performance, Ajoy Chawla, MD of Titan Company, said, “We marked a stellar third quarter with 40% growth, characterised by strong performance across our key businesses. The festive period spurred broad-based consumer interest across our portfolios, underscoring resilience in both premium and accessible segments. The jewellery business, in particular, drove strong buyer engagement through attractive exchange programmes, exquisite new collections and bundled offers, resulting in one of its best-ever growth quarters.”