Titan Company on February 10 reported a consolidated net profit of Rs 1,684 crore for the October-December quarter of the ongoing financial year 2026. This marks a 61 percent year-on-year rise from the Rs 1,047 crore net profit reported in the corresponding quarter of the previous financial year.

The firm’s revenue from operations meanwhile rose 43 percent YoY to Rs 25,416 crore during the quarter under review, from Rs 17,740 crore in the same period last year.

Titan's jewellery business:
The company said that its jewellery business recorded exceptional growth, showcasing resilience in a high gold environment. It also reported healthy growth in other consumer businesses, which powered overall results.

Jewellery portfolio grew 42 percent YoY to Rs 22,517 crore (excluding bullion and digi-gold soles) driven by blockbuster festive collections, impactful brand campaigns and powerful exchange initiatives, underscoring strong festive demand amid high gold prices, the company said.

Tanishq, Mia and Zoya business cumulatively grew 40 percent to Rs 19,921 crore during the quarter under review, with Titan's India jewellery business growing 41 percent YoY to Rs 21,458 crore.

Titan's jewellery segment saw net 49 new store additions in Q3 FY26, with 47 net new stores being added in India (24 in Caratlane, 11 in Mia, 10 in Tanishq, 1 in Zoya and 1 in beYon). Tanishq added two new stores in USA (Boston and Orlando) during the quarter.

Spot gold prices rose nearly 12% during the quarter, to close out a calendar year in which the precious metal clocked its steepest rise since 1979, driven by geopolitical uncertainties, rate cuts and robust central bank buying.

Titan's Watches segment:
Driven by festive gifting and consumer preference for analog timepieces, Titan's watches portfolio grew 14 percent to Rs 1,295 crore.

Analog segment continued to be the segment's mainstay, recording 20 percent growth in consumer sales accompanied by healthy same-store-sales growth across key retail formats, the company said. "Premiumization journey saw steady progress across Titan, Fastrack and Sonata brands, all growing in healthy double-digits compared to Q3FY25. Smart Watches saw demand moderation in volumes declining year-on-year by 27% amidst stable pricing in the sub-segment," it added.

Here's what Titan's management said:
"We marked a stellar third quarter of 40% growth characterized by a strong performance across our key businesses. The festive period spurred broad-based consumer interest across our portfolios, underscoring resilience in premium and accessible segments alike," said Ajoy Chawla, Managing Director of Titan.

He added that the company's jewellery business drove strong buyer engagements via attractive exchange programs, exquisite new collections and lucrative bundled offers resulting in one of its best ever growth quarters. "Our Watches and EyeCare businesses sustained their growth trajectories clocking valuable gains across key brands in their portfolios. We are encouraged by the consistent performance in our Fragrances business and investing to grow our Women' s Bags and Taneira businesses," he further said.

"We remain committed to elevating Titan's brand equity, deepening customer engagement, and driving sustainable growth powered by innovation across all businesses," according to Chawla.

Titan share price:
Titan released its results in the post-market hours of Tuesday. The shares of the company rose nearly 1 percent to close at Rs 4,293.80 apiece earlier during the day, after hitting a fresh 52-week high of 4,329.60 apiece.

Courtesy : Money Control