Titan net profit more than doubles to Rs 2,393 crore in Q2
The company's profitability rose 114 per cent for the quarter ended September 30, 2026, exceeding market estimates.
Titan Company Ltd reported a 114 per cent increase in net profit to Rs 2,393 crore for the quarter ended September 30, 2026, according to Moneycontrol. The figure surpassed the Rs 1,460 crore estimate provided by CNBC-Awaaz. Total income for the company rose 14 per cent to Rs 21,430 crore, up from Rs 18,837 crore in the previous year.
The company attributed the rise in profit to a move toward higher-margin diamond-studded jewellery, even as the broader jewellery business saw slower growth. Managing director Ajoy Chawla stated that the quarter saw healthy, broad-based growth with consolidated operating growth of 25 per cent year-on-year.
The jewellery portfolio grew 24 per cent to Rs 17,495 crore. Within this, the India business income rose 21 per cent to Rs 16,343 crore. The combined Tanishq, Mia, and Zaya business grew 20 per cent to Rs 14,935 crore, while CaratLane grew 31 per cent to reach Rs 1,408 crore.
The watches business reported a total income of Rs 1,881 crore, representing 27 per cent year-on-year growth. The eyecare business saw a 28 per cent rise in total income to Rs 281 crore. Emerging businesses, including Irth and Taneira, reported a 21 per cent rise in total income to Rs 171 crore but recorded a loss of Rs 6 crore.