Highlights

• Jewellery segment grew 41% YoY, led by gold coins and studded jewellery.
• Watches division rose 13% YoY, supported by premiumization and volume growth.
• Titan expanded its store network by 56 locations, reaching a total of 3,433 stores.

Titan Company Limited (NSE:TITAN) has announced its quarterly performance for Q3 FY26, reporting notable year-on-year growth across most business segments. Jewellery, watches, eyewear, and emerging businesses all showed positive trends, supported by festive season demand and ongoing retail expansion. The company continues to extend its footprint domestically and internationally, maintaining momentum across key markets.

At the time of writing on 10 February 2026, the company’s shares were trading 0.21% higher at ₹4,266.90.

Jewellery Business Boosted by Festive Demand

Titan’s jewellery segment recorded a 41% year-on-year (YoY) increase in Q3 FY26. This growth was driven mainly by an increase in average selling prices amid stable customer footfall. The brand’s gold exchange program helped sustain consumer interest beyond the traditional festive period despite higher gold prices.

Sales of gold coins nearly doubled compared to the same quarter last year, underscoring their appeal as investment products. Plain gold jewellery grew by nearly 40%, with customers favoring design-focused and premium pieces during the wedding and festive seasons. The studded jewellery category posted double-digit growth in the mid-20s, supported by a rise in new buyers.

Titan also launched ‘beYon’, its lab-grown diamond jewellery brand, targeting consumers seeking affordable, fashion-forward diamond pieces. During the quarter, the company opened 47 new jewellery stores in India, including additions across Tanishq, Mia, Zoya, beYon, and CaratLane brands.

Watches and Consumer Business Show Positive Momentum

The watches division grew by 13% YoY, driven primarily by analog watches, which saw festive period sales rise by 17%. The Titan brand led the premiumization trend with double-digit gains, supported by volume expansion. Sonata and Fastrack brands also delivered strong double-digit value and volume growth.

Titan’s broader consumer businesses expanded by 40% YoY, with 56 new stores added during the quarter. The total retail network reached 3,433 stores, enhancing the company’s reach in domestic markets.

Eyewear and Emerging Businesses Progress

The eyewear division grew 16% YoY, led by international and house brands that performed well, especially in sunglasses and prescription lenses. E-commerce continued to boost sales with omni-channel expansion. The division added 11 new stores while renovating 20 and closing 30 as part of network optimization.

Emerging businesses posted 14% growth, supported by fragrances (+22%) and women’s bags (+111%). However, the Taneira saree brand declined by 6% due to lower volumes despite price gains. International markets, including GCC, Singapore, and North America, recorded an 81% YoY growth with new store openings in Boston and Orlando.

Titan Company’s Q3 FY26 results demonstrate broad-based growth across jewellery, watches, eyewear, and emerging product categories. The company’s focus on retail expansion, premiumization, and new brand launches positions it to capitalize on evolving consumer demand in India and overseas markets.

FAQs

Q1: What contributed most to Titan’s Q3 FY26 revenue growth?
The jewellery segment, driven by festive demand, price increases, and product innovation, was the key contributor.

Q2: How did Titan’s watches division perform?
Watches grew 13% YoY, led by analog watches and premium brands like Titan, Sonata, and Fastrack.

Q3: What are Titan’s plans for retail expansion?
Titan added 56 new stores in Q3 FY26, including new outlets in jewellery, watches, eyewear, and emerging categories.

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