Titan Q2 Update: Consumer Business Delivers 20% YOY Growth. International Business jumps 86%

Titan Company’s consumer businesses recorded year-on-year growth of 20% YoY in Q2, with global businesses reporting a strong jump of 86%. The Tata Group Company added a total of 55 stores in the July-September quarter during which the company’s combined presence was expanded to 3,377 stores.

The domestic business grew 18% on the year, with jewelry business reporting a 19% increase. The watch, eye device and emerging businesses reported growth of 12%, 9% and 37% respectively.

In the jewelry segment, Caratlane surpassed Tanishq, Miya and Zoya, with 30% increase versus 18% by the latter. A total of 34 new jewelry stores were added in the early quarter.

Titan opened 15 stores for its watch business and 5 for its industry. A new store was open regarding his international business.

The updates were announced after market hours and Titan shares ended down 0.20% at Rs 3416.55 on the BSE today.

In emerging businesses (domestic), fragrances grew 48% YoY led by strong volume growth in fastrack and skinner. 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 global business grew 86% YoY under Tanishq’s leadership, more than doubling its business in the US market and clocking strong double-digit growth in the GCC market. Tanishq added a new store in Virginia, US in Q2FY26. The numbers are preliminary and the company will announce its detailed Q2 earnings later.

Titan shares have been market laggards, down 7% over 1 year. The stock has slipped below its 50-day simple moving average of Rs 3,504.5 as per Trendlyne data.

The Q2 season starts on Thursday, October 9 with the announcement of TCS earnings.

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Titan had reported a 34% YoY rise in its Q1FY26 standalone net profit at Rs 1,030 crore versus Rs 770 crore in the year-ago period. Profit after tax (PAT) was above Street 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 fiscal.

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