Titan Q2 business update: Firm sees nearly 20% YoY growth in consumer businesses in Q2FY26; check key details

Titan’s consumer businesses grew about 20% year-on-year (YoY) in Q2 FY26, with a net addition of 55 stores during the quarter, taking the company’s combined retail network to 3,377 stores as of September 2025.

Its domestic business grew about 18% year-on-year in the reporting quarter, with 54 net store additions and a total of 3,345 domestic stores as of September 2025.

In its domestic jewellery business, the company witnessed a 19% growth on a yearly basis. “The impact of Q2FY25’s high base (due to custom duty reduction) was offset by the early onset of the festive season in September this year, compared to October in FY25. Further, these growths were also fueled by significant investments in consumer promotions including a powerful exchange offer and marketing initiatives, to stimulate demand amidst elevated gold prices,” Titan said in a regulatory filing.

Studded jewellery across Tanishq, Mia and Zoya recorded mid-teen growth, while gold coins continued to perform strongly. Together, these brands recorded about 18% growth while CaratLane registered a 30% growth and added 10 stores, taking its total to 341. Titan said this growth was aided by investments in consumer promotions and marketing initiatives during the quarter.

Meanwhile, the watches business grew about 12% YoY in Q2 FY26. Growth was supported by roughly 17% increase in the analog segment. The Titan brand delivered strong double-digit performance, supported by healthy festive season demand.

Additionally, the smart wearables category declined about 23% year-on-year.

Further, EyeCare’s domestic business grew about 9% YoY driven by international brands, sunglasses and growth in the e-commerce channel.

Among the emerging businesses (domestic), Fragrances grew 48% YoY led by strong volume growths in Fastrack and Skinn, Women’s Bags grew 90% YoY led by network expansion and Taneira grew 13% YoY approximately, the company said in the statement.

“The International Business grew about 86% YoY led by Tanishq more than doubling its business in the USA market and clocking strong double-digit growth in the GCC market. Tanishq added a new store in Virginia, USA in Q2FY26,” the company further added.

Titan Company share price

Shares of Titan company closed 0.19% lower to settle at ₹3,419 apiece on the National Stock Exchange (NSE) on Tuesday, October 7. However, the announcement was made post market hours.

In the past five trading sessions, the company’s shares have declined 0.38%, while dropping 6.53% over the last month. On the other hand, the stock has surged 13.13% in the last six months. On a year-to-date basis, it has zoomed 5.08%.

Titan Company’s shares hit a 52-week high of ₹3,748 on October 7, 2024, and a 52-week low of ₹2,925 on April 7, 2025. As of October 7, the company’s market capitalisation stood at ₹3,03,534.09 crore.