Rising High: How Titan’s Consumer Division Achieved a Stellar 20% Growth in Q2FY26

Titan Company Ltd: Robust Consumer Business Growth Amid Dynamic Market Conditions in Q2FY26

Titan Company Limited, a flagship entity of the Tata Group, announced its quarterly performance with encouraging results for its consumer portfolio in Q2FY26. Despite market challenges including gold price volatility, Titan sustained robust growth driven by diversified segment strengths and strategic retail expansion.

Notable Updates and Performance Highlights

Overall Growth: Consumer businesses approximately grew by 20% YoY, reflecting strong brand pull and consumer demand.

Jewellery Segment: Domestic jewellery operations increased by 18%, marking resilience despite fluctuating gold prices; registered net addition of 19 stores covering Tanishq, Mia, and CaratLane brands.

Watches and Wearables: The segment posted a commendable 23% YoY growth with Sonata leading; Titan and Fastrack also contributed substantially. Nine new stores were added across Titan World and Helios outlets.

Eyewear Division: Eyecare business advanced by 12% YoY, complemented by a net adjustment of 20 stores after opening 12 new Titan Eye+ stores and closing 32 outlets.

Emerging Categories: Fragrances soared by 56%, women’s bags by 61%, and Taneira ethnic wear rose 15%, fuelled by value growth in sarees and expanding product offerings.

International Market: The international business surged 49%, boosted by strong Tanishq growth in the US, nearly doubling its size.

Major Takeaways

Strategic store expansions and brand positioning contributed effectively to growth amid competitive challenges.

Gold price volatility softening some consumer sentiment was offset by traction during festive and wedding seasons.

High-value jewellery segments witnessed strong ticket size growth, enhancing profitability and market share.

Emerging product lines and international markets present significant avenues for future growth and diversification.

Important Points for Investors and Market Observers

Titan added a total of 28 stores during Q2FY26, reflecting a robust retail footprint totaling 3,322 outlets across categories.

Current performance aligns with long-term growth expectations driven by affluent consumer segments and evolving fashion trends.

Analysts predominantly maintain a positive outlook on Titan, emphasizing sustained growth potential and brand strength.

Titan's Q2FY26 consumer business growth reiterates its position as a market leader, with well-rounded performance across jewellery, watches, eyewear, and emerging lifestyle segments propelling the company’s holistic expansion strategy.

Sources: Economic Times, NDTV Profit, ICICI Direct, Angel One, CARE Ratings