In terms of segments, the jewelery sector grew 42% to Rs 22,517 crore in Q3-25. within this period, Indian corporate revenues rose 41% to Rs 21,458 crore. The Indian operations posted one of the highest quarterly growth performances ever (excluding Covid periods), led by a vibrant celebration and supported by visible and evocative campaigns across all brands in the portfolio.Growth in this segment was supported by exchange programs, wedding sales, festive collections and attractive coin offers despite high gold prices. The international jewelery sector recorded double-digit retail growth during the quarter, helped by store expansion and strong like-to-like growth.
The businesses of Tanishq, Mia and Zoya (combined) rose 40% to Rs 19,921 crore, while Caratlane recorded a growth of 42% to reach Rs 1,537 crore.
The jewelery business achieved an EBIT of Rs 2,475 crore with a margin of 11%. Within this year, the India Business recorded an EBIT of Rs 2,365 crore.
The watch industry saw strong growth during the holiday season, driven by gift-giving opportunities. The analogue segment remained the mainstay with 20% growth in consumer sales, accompanied by healthy same-store sales growth across key retail formats. “The premiumization journey saw steady progress across the Titan, Fastrack and Sonata brands, all of which grew by healthy double digits compared to Q3 25. In Smart Watches, demand in volumes fell 27% year-on-year, amid stable pricing in the sub-segment,” Titan said.
Overall, the company achieved a total income of Rs 1,295 crore for the quarter, a growth of 14% over Q3FY25 and an EBIT of Rs 156 crore at a margin of 12%.
The EyeCare business saw healthy demand across core categories, supported by high single-digit volume growth and mid-single digit average selling price (ASP) growth. Growth was led by lenses and sunglasses, both of which posted double-digit growth for the quarter.
It achieved a total income of Rs 231 crore in Q3FY26, a growth of 18% over Q3FY25 and an EBIT of Rs 24 crore with a margin of 10.5%.
In emerging sectors, compared to the same period last year, women’s bags saw strong double-digit growth in both volume and ASP. Fragrances grew 24%, driven by strong volume growth in Skinn and Fastrack fragrances. Taneira’s consumer base rose 7%, driven by ASP increases and same-store sales growth.
Total revenues for the emerging companies rose 15% to Rs 135 crore and their combined losses fell to Rs 26 crore (from Rs 32 crore), compared to Q3FY25.
“The festive period generated broad consumer interest in our portfolios, underscoring resilience across both premium and accessible segments. We remain committed to enhancing Titan’s brand equity, deepening customer engagement and driving sustainable growth driven by innovation across businesses,” said Ajoy Chawla, MD, Titan.
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