Titan Company Q3 Results: Titan Company on Tuesday, February 10, reported its earnings for the October-December quarter of the 2025-26 financial year (Q3FY26), reporting a 60.84% year-on-year (YoY) rise in its consolidated net profit at ₹1,684 crore.
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In the corresponding period of the previous financial year, it had made a profit of ₹1,047 crore, the company said in a regulatory filing.
The country’s largest watch and jewelery retailer reported total income of ₹25,567 crore during the quarter under review, a 43.09% year-on-year jump from ₹17,868 crore in the third quarter of the 2024-25 financial year (Q3FY25).
At the operational level, its EBIT (earnings before interest and tax) grew 63% to ₹2,657 crore in Q3FY26, compared to ₹1,627 crore in the year-ago period.
Its EBIT margin expanded 155 basis points (bps) to 10.8% in the quarter under review, compared to 9.3% in the December quarter of FY20.
Segment wise highlights
of titan jewelery section Revenue from the domestic jewelery business grew 41% YoY to ₹21,458 crore in Q3FY26, within which revenue grew 41% YoY to ₹21,458 crore.
Its domestic jewelery industry, which includes Tanishq, Mia and Zoya, grew 40% year-on-year to ₹19,921 crore in the quarter under review, while Caratlane registered 42% year-on-year growth to ₹1,537 crore.
The firm said domestic jewelery growth was “led by a vibrant festive season and was supported by visible and thought-provoking campaigns for all brands in the portfolio. The strong growth was supported by a powerful exchange programme, wedding sales, festive collections and attractive coin offers, leading to strong growth momentum throughout the quarter, despite higher gold prices.”
The international jewelery business posted a strong growth of 83% year-on-year to ₹1,058 crore for Q3FY26, aided by both store expansion and strong like-for-like growth.
Its division watches Its total income saw a 14% year-on-year growth to ₹1,295 crore during the quarter, driven by strong growth in domestic business driven by gifting opportunities in the festive season.
The analog segment remained the mainstay, registering 20% growth in consumer sales, with healthy growth in same-store sales across key retail formats.
“Premiumization journey witnessed consistent progress across Titan, Fastrack and Sonata brands, all growing at healthy double digits compared to Q3FY25. Demand for smart watches witnessed subdued demand, with the sub-segment declining 27% year-on-year amid stagnant pricing,” Titan said.
eye care scope Its total revenue grew 18% year-on-year to ₹231 crore due to double-digit growth in lenses and sunglasses during the quarter. The domestic business witnessed healthy demand across core categories supported by high single-digit volume growth and mid-single-digit growth in average selling price (ASP).
Its emerging businesseswhich includes women’s bags, fragrances and tanira, grew 15% year-on-year to ₹135 crore. Furthermore, their combined loss narrowed to ₹26 crore in Q3FY26, compared to a loss of ₹32 crore in the year-ago period.
Titan Engineering & Automation Limited (TEAL) Its total income grew 67% year-on-year to ₹323 crore for the quarter ending December 31, 2025.
“Across its automation solutions and manufacturing services businesses, TEAL is expanding its presence to serve key Indian and global customers,” the Bengaluru-based company said.
What did the MD say?
Commenting on the results, Ajoy Chawla, Managing Director, Titan Company, said: “We have delivered a robust growth of 40% with strong performance across our core businesses. The festive period has driven broad consumer interest across our portfolio, underscoring the resilience in the premium and affordable segments.”
Chawla said the jewelery business generated strong buyer engagement through attractive exchange programs, excellent new collections and attractive bundle offers, resulting in one of the best growth quarters ever.
“Our Watches and Eyecare businesses maintained their growth paths, driving valuable gains across the key brands in our portfolio. We are encouraged by the consistent performance in our Fragrances business and investments to grow our Women’s Bags and Tanira businesses.”
At the end of the quarter, Titan Company launched Bayon, a lab-grown jewelery line to strengthen its multi-brand jewelery portfolio and explore new avenues of growth.
“After the end of the quarter, we are excited to announce the completion of the 67% acquisition of Damas Jewelery and wholeheartedly welcome them to our Titan family. The strategic addition enables us to address growing consumer preferences in new geographic and demographic markets beyond our traditional Indian diaspora,” Chawla said.
Shares of Titan Company closed 0.85% higher at ₹4,293.80 per unit on the National Stock Exchange (NSE) on Tuesday ahead of the results announcement.