Titan Q3 Results: Profit soars 61% YoY to Rs 1,684 crore, total income surges 40%

Consumer discretionary major Titan Ltd on Tuesday reported 61% year-on-year (YoY) growth in its consolidated net profit at Rs 1,684 crore, while total income rose 40% YoY to Rs 24,592 crore.

EBIT for the quarter (excluding exceptional items) increased 63% YoY to Rs 2,657 crore. Margins improved 155 basis points to 10.8%.

Segment wise, the jewellery business grew 42% over Q3FY25 to Rs 22,517 crore. within this, the India business income rose 41% to Rs 21,458 crore. The India business recorded one of its highest ever quarterly growth performance (excluding Covid periods) led by a vibrant festive and backed by visible and evocative campaigns for all brands in the portfolio.

The growth in this segment was supported by exchange program, wedding sales, festive collections and attractive coin offers despite elevated gold prices. The international jewellery business clocked double-digit retail growth during the quarter aided by both store expansion and strong like-to-like growths.

Tanishq, Mia and Zoya business (combined) rose 40% to Rs 19,921 crore, while Caratlane recorded 42% growth to reach Rs 1,537 crore.

The jewellery business achieved an EBIT of Rs 2,475 crore at a margin of 11%. Within this, the India Business clocked an EBIT of Rs 2,365 crore.

The Watches business witnessed strong traction in the festive season driven by gifting occasions. Analog segment continued to be the mainstay clocking 20% growth in consumer sales accompanied by healthy same-store-sales growth across key retail formats.

"Premiumization journey saw steady progress across Titan, Fastrack and Sonata brands, all growing in healthy double-digits compared to Q3FY25. Smart Watches saw demand moderation in volumes declining year-on-year by 27% amidst stable pricing in the sub-segment," Titan said.

Overall, the business achieved total income of Rs 1,295 crore for the quarter growing 14% over Q3FY25 and an EBIT of Rs 156 crore at 12% margin.

The EyeCare business saw healthy demand in core categories supported by high single-digit volume growth and mid-single digit growth in average selling prices (ASP). Growth was led by lenses and sunglasses, both achieving double-digit growths for the quarter.

It achieved total income of Rs 231 crore in Q3FY26 growing 18% over Q3FY25 and EBIT of Rs 24 crore at 10.5% margin.

In the emerging businesses, compared to same period last year, women's bags experienced strong double-digit growth in both volumes and ASP. Fragrances grew 24%, driven by strong volume growths in Skinn and Fastrack perfumes . Taneira's consumer rose 7% led by increase in ASP and same-store-sales growth.

Total income for the emerging businesses increased 15% to Rs 135 crore and their combined losses reduced to Rs 26 crore (from Rs 32 crore), compared to Q3FY25.

"The festive period spurred broad-based consumer interest across our portfolios, underscoring resilience in premium and accessible segments alike. We remain committed to elevating Titan's brand equity, deepening customer engagement, and driving sustainable growth powered by innovation across all businesses," said Ajoy Chawla, MD, Titan.