Titan Company Q3 FY26 Quarterly Update: 40% YoY Consumer Business Growth, Retail Network Expands to 3,433 Stores

Titan Company Ltd's consumer businesses achieved approximately 40% year-over-year (YoY) growth in Q3 FY26, powered by vibrant festive demand and strategic store additions. The company added 56 net stores during the quarter, bringing its combined retail network to 3,433 stores as of December 2025.

Domestic businesses grew 38% YoY, with jewellery leading at 41%, followed by watches at 13%, EyeCare at 16%, and emerging businesses at 14%. International operations surged 79% YoY. Key additions included 47 jewellery stores (10 Tanishq, 11 Mia, 1 Zoya, 1 beYon, 24 CaratLane), 22 watches stores, and others.

Festive momentum drove jewellery's robust performance, with gold coins doubling YoY as investments, plain gold growing in the mid-thirties on design appeal, and studded hitting its FY26 best with mid-twenties double-digit gains. Like-to-like growth across formats reached the low-thirties. Tanishq's gold exchange offer sustained engagement amid high gold prices, which peaked at ₹1,40,000/10g.

The launch of 'beYon', Titan's lab-grown diamond brand, targets everyday fashion needs, complementing natural diamond brands for milestone purchases.

Watches growth was led by analog models (17% YoY festive surge), with premium Titan, Sonata, and Fastrack showing double-digit gains despite a 26% smartwatch dip. EyeCare benefited from sunglasses and lenses demand, with e-commerce boosting omni-channel sales; network optimization included 11 new Titan Eye+ stores, 20 renovations, and 30 closures.

Emerging businesses saw fragrances up 22% and women's bags soaring 111%, driven by e-commerce festive uptick, though Taneira dipped 6%. International jewellery (Tanishq, Mia, CaratLane) grew 81% across GCC, Singapore, and North America, with new Tanishq stores in Boston and Orlando.

Titan's results highlight premiumization, festive strength, and expansion resilience.

Shares of Titan Company Limited was last trading in BSE at Rs. 4111.10 as compared to the previous close of Rs. 4079.15. The total number of shares traded during the day was 10089 in over 2303 trades.

The stock hit an intraday high of Rs. 4118.00 and intraday low of 4071.25. The net turnover during the day was Rs. 41349366.00.

Source : Equity Bulls

Keywords

TitanCompany INE280A01028 Q3FY26 BusinessUpdate