Titan Company reports strong Q2 FY26 growth, plans Damas Jewellery acquisition

Titan Company Limited reported a consolidated total income of ₹16,407 crores for Q2 FY26, a 21.0% year-on-year increase. Consolidated EBIT for the quarter surged 51.4% to ₹1,799 crores, with the EBIT margin expanding by 220 basis points to 11.0%. Profit after tax also saw a substantial rise of 59.0% to ₹1,120 crores.

The Jewellery business, including Tanishq, Mia, Zoya, and CaratLane, was a primary growth driver, with domestic jewellery revenue increasing by 18.9% to ₹13,532 crores (standalone) and 20.7% to ₹14,092 crores (consolidated). Watches also contributed to growth, with domestic revenue rising 13.4% to ₹1,446 crores.

Titan Engineering & Automation Limited (TEAL) demonstrated exceptional performance, with total income growing by 112% to ₹415 crores and EBIT soaring by 275.8% to ₹94 crores. The company also announced plans to acquire a controlling stake in Damas Jewellery in the GCC region, further strengthening its international ambitions.