The domestic business grew 18% on-year, with jewellery business reporting a 19% uptick. The watch, eyecare and emerging businesses reported a growth of 12%, 9% and 37%, respectively.
In the jewellery segment, CaratLane outpaced Tanishq, Miya and Zoya, with 30% increase versus 18% by the latter. A total of 34 new jewellery stores were added in the quarter gone by.
Titan opened 15 stores for its watch business and 5 for its eyewear business. One new store was open with regards to its international business.
The updates were announced after market hours and Titan shares today ended with 0.20% decline at Rs 3416.55 on the BSE.
In the Emerging Businesses (domestic), fragrances grew 48% YoY led by strong volume growths in Fastrack and Skinn. Women’s Bags grew 90% YoY led by network expansion and Taneira grew 13% YoY. Irth added 2 stores in the quarter in the cities of Delhi and Kolkata and Taneira closed 2 stores during the quarter.The International Business grew 86% YoY led by Tanishq, more than doubling its business in the USA market and clocking strong double-digit growth in the GCC market. Tanishq added a new store in Virginia, USA in Q2FY26.The numbers are provisional and the company will announce its detailed Q2 earnings later.
Titan shares have been market laggards, declining 7% over a 1-year period. The stock has slipped below its 50-day simple moving average of Rs 3,504.5 according to Trendlyne data.
The Q2 season begins on Thursday, October 9 with the announcement of TCS earnings.
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Titan had reported a 34% YoY surge in its Q1FY26 standalone net profit at Rs 1,030 crore versus Rs 770 crore in the year ago period. The profit after tax (PAT) was above Street’s estimates of Rs 925 crore. The company’s revenue from operations stood at Rs 13,192 crore, up 17% YoY from Rs 11,263 crore reported in the corresponding quarter of the last financial year.
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