Titan Company Q3 FY26 Update: Consumer Businesses Grow 40%, Jewellery Leads with 41% YoY Surge

Bengaluru, January 7, 2026: Titan Company Limited (BSE: 500114, NSE: TITAN) reported a strong operational performance in the December quarter of FY26, with its consumer businesses registering a year-on-year growth of around 40 percent, driven primarily by robust momentum in the jewellery segment and continued retail expansion across categories.
During the quarter, the company added a net 56 stores, taking its combined retail footprint to 3,433 stores as of December 2025.

Segment-Wise Performance Overview​

Growth figures rounded to the nearest integer. Metrics exclude bullion and digital gold.

Jewellery Business: Festive Demand Drives Strong Growth​

The jewellery portfolio delivered a robust growth of around 41 percent year-on-year during the quarter, supported by vibrant festive and wedding-season demand. Revenue growth was led by higher average selling prices, which helped offset relatively flat buyer growth in a high gold price environment.
Gold coins nearly doubled in sales compared with the same period last year, reinforcing their appeal as an investment product. The plain gold jewellery category recorded strong growth in the high-thirties, reflecting consumer preference for design-led and premium offerings. Studded jewellery posted its strongest performance of FY26 so far, registering healthy double-digit growth in the mid-twenties, aided by improved buyer traction.
Like-to-like growth across all jewellery retail formats remained in the low-thirties, indicating broad-based demand momentum.
Towards the end of the quarter, Titan expanded its portfolio with the launch of beYon, a lab-grown diamond jewellery brand. The new brand is positioned to cater to evolving consumer preferences for affordable, everyday diamond jewellery, while natural diamond offerings under Tanishq, Mia, Zoya, and CaratLane continue to anchor milestone-driven purchases.
Of the 47 net jewellery store additions in India, 10 were added under Tanishq, 11 under Mia, one each under Zoya and beYon, and 24 under CaratLane.

Watches: Analog Segment Supports Growth​

The watches division reported year-on-year growth of around 13 percent, led by a strong festive performance in analog watches, which grew by approximately 17 percent. Premiumisation trends supported double-digit gains for the Titan brand, while Sonata and Fastrack delivered robust value growth backed by solid volume expansion.
However, the smartwatches category declined by around 26 percent year-on-year due to lower volumes, with average selling prices remaining broadly flat. During the quarter, the division added 22 net stores across Titan World, Fastrack, Helios, and Helios Luxe formats.

EyeCare: Omni-Channel Strategy Gains Traction​

The EyeCare business posted growth of around 16 percent, supported by healthy contributions from both international and in-house brands. Demand for sunglasses and prescription lenses remained strong, while e-commerce continued to play a key role in driving omni-channel sales.
As part of network optimisation, the division opened 11 new stores, renovated 20 existing outlets, and closed 30 stores during the quarter. The premium Runway sunglass format added two new stores.

Emerging Businesses: Mixed Performance Across Categories​

Emerging businesses grew by around 14 percent year-on-year. Fragrances recorded growth of approximately 22 percent, driven by strong volume growth in Fastrack and Skinn brands. Women’s bags delivered exceptional growth of over 100 percent, supported by sharp volume expansion and healthy pricing gains across Fastrack and Irth brands.
In contrast, Taneira reported a decline of around 6 percent, as lower volumes outweighed double-digit growth in average selling prices. Irth added two new stores during the quarter in Delhi and Kolkata.

International Business: Strong Expansion Continues​

International operations reported growth of around 79 percent year-on-year, led by strong performance across markets in the GCC, Singapore, and North America. During the quarter, Tanishq expanded its North American presence with two new store openings, one each in Boston and Orlando.

About the Company​

Titan Company Limited is a Tata Group company and a leading lifestyle retailer in India, with a strong presence across jewellery, watches, eyewear, and emerging lifestyle categories. The company is listed on the BSE and NSE and continues to expand its domestic and international retail footprint through a portfolio of well-recognised brands.

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