Titan company reports strong Q2FY26 growth, appoints new managing director

Titan Company Limited reported a strong Q2FY26 with consolidated total income reaching ₹16,649 crores, a 22% increase over Q2FY25, and profit before tax soaring 60% to ₹1,522 crores. This growth was primarily fueled by its Jewellery portfolio, which expanded 21% to ₹14,092 crores, and the Watches Division, which saw a 13% increase to ₹1,477 crores. The company's segment performance highlights solid contributions across all business units.

The Board also announced the appointment of Ajoy Chawla as an additional director and managing director for five years, effective January 1, 2026, subject to shareholder approval. Mr. Chawla, currently chief executive of Titan's Jewellery Division, will succeed C. K. Venkataraman, who is set to superannuate on December 31, 2025. This leadership transition aims to reinforce Titan's commitment to delivering exceptional value globally, especially following its plan to acquire a controlling stake in 'Damas Jewellery' in the GCC region.

The company further detailed its financial health through standalone and consolidated balance sheets, highlighting assets of ₹51,701 crores and ₹52,030 crores respectively as of September 30, 2025. These results reflect a sustained growth momentum, supported by festive demand and strategic initiatives.