Titan Q3FY26 Results: Net profit surges 61% year-on-year to Rs 1,684 crore

Titan Company Ltd reported a strong set of numbers for the December quarter (Q3FY26), with consolidated net profit rising 61 per cent year-on-year to Rs 1,684 crore, driven by robust festive demand in jewellery and steady growth across other consumer segments.

On a consolidated basis, total income surged 40 per cent year-on-year to Rs 24,592 crore in Q3FY26, compared with Rs 17,583 crore in the year-ago period, reflecting strong consumer demand despite elevated gold prices.

Operating performance improves

Operating performance also remained strong during the quarter. EBIT rose 63 per cent year-on-year to Rs 2,657 crore, while EBIT margin expanded to 10.8 per cent, up 155 basis points from the corresponding period last year, aided by operating leverage and scale benefits.

Profit before tax, before exceptional items, climbed 70 per cent year-on-year to Rs 2,375 crore. On a normalised basis, adjusting for the impact of gold custom duty changes in the base quarter, PBT growth stood at 44 per cent, indicating healthy underlying momentum.

The jewellery business continued to anchor Titan’s growth. Jewellery revenue rose 42 per cent year-on-year to Rs 22,517 crore, supported by strong festive and wedding demand, effective exchange programmes and new collections, even as gold prices remained high.

Domestic jewellery sales grew 41 per cent, while the international jewellery business posted a sharp 83 per cent growth, driven by store additions and higher same-store sales. Jewellery segment EBIT margin stood at 11 per cent.

During the quarter, Titan also forayed into the lab-grown diamond segment with the launch of ‘beYon’, expanding its jewellery portfolio.

The watches business recorded 14 per cent year-on-year growth, supported by festive gifting and demand for analog watches, although smart-watch volumes moderated. The eyecare segment reported an 18 per cent rise in revenue, aided by higher volumes and improved average selling prices.

While elevated gold prices and cost pressures remain key monitorables, Titan’s Q3 performance highlights strong brand traction, sustained festive demand and improving operating leverage across businesses.