Consumer discretionary major Titan Company reported 59% year-on-year (YoY) growth in its consolidated net profit at Rs 1120 crore in the second quarter. The growth was driven by early festive tailwind, particularly in the jewellery business. Sales in the reporting quarter rose 22% YoY to Rs 16,461 crore.
The Tata Group lifestyle major reported a 51% jump in EBITDA to Rs 1,799 crore, driven by margin expansion in its key segments and double-digit growth across most businesses.
Jewellery business
Titan’s jewellery division — which includes brands like Tanishq, Mia, Zoya and CaratLane — continued to anchor overall performance, with total income (excluding bullion and Digi-Gold) rising 21% YoY to Rs 14,092 crore. The growth was led by strong festive demand, improved mix of studded jewellery, and steady expansion in domestic and overseas markets.
More to come…