CNBC-TV18
Titan Company Ltd reported a strong second-quarter performance for FY26, with net profit rising 42.7% year-on-year to ₹1,006 crore, though it came in slightly below CNBC-TV18’s estimate of ₹1,051 crore.
Revenue climbed 25.1% YoY to ₹16,534 crore, surpassing analyst projections of ₹15,060 crore, while EBITDA grew 43% YoY to ₹1,620 crore.
Operating margins improved to 9.8% from 8.6% a year ago but fell short of the Street’s 11% forecast.
The company’s jewellery division remained the key growth driver, with sales up 21% to ₹14,092 crore (excluding bullion and DigiGold), reflecting resilience amid elevated gold prices and a strong festive demand boost in September.
The watches and wearables segment grew 13% to ₹1,477 crore, aided by premiumisation and robust sales from the Titan brand.
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