The share price of Titan Company surged over 1% in early trade today after the Tata Group’s jewellery and lifestyle major announced its September quarter (Q2FY26) results.Titan which owns brands like Tanishq, CaratLane, Titan Eye and Fastrack posted strong growth across segments, led by festive buying and resilient consumer demand. The Jewellery margins saw a sharp pick-up,coupled by robust exports.
Let’s take a look at the three key factors driving investor focus on the stock today.
Strong festive sparkle lifts profits
Titan reported a 43% jump in consolidated net profit to Rs 1,006 crore for the September quarter. The surge came on the back of a strong festive season and a rise in gold prices, which boosted margins in the jewellery business.
Revenue for the quarter grew 25% year-on-year, with the jewellery division continuing to be the mainstay. Titan’s operating margin improved to 9.3% from 7.8% a year ago.
Jewellery continues to shine the brightest
The jewellery segment which accounts for the bulk of Titan’s revenue remained the growth driver. Revenue from the vertical rose to Rs 16,522 crore, compared to Rs 12,771 crore in Q2FY25.
The company said the quarter saw steady demand recovery. This was due to improvement of consumer sentiment, and strong traction across all major brands including Tanishq, Mia, Zoya and CaratLane. The upcoming festive and wedding season is also expected to support demand in the segment.
In Q2, Titan’s gold jewellery sales were up around 13%, while coin demand surged nearly 65% Studded jewellery grew 16%, aided by fresh collections and festive campaigns. Overall, the studded share in domestic jewellery, including CaratLane, remained steady at 34%.
Leadership changes
The company also announced a key management update. Titan’s Board approved the appointment of Ajoy Chawla as Managing Director for a period of five years starting January 1, 2026, subject to shareholder approval.
He will succeed C.K. Venkataraman, who is set to retire on December 31, 2025.
Titan stock performance so far
Titan’s share price gained nearly 9% in the past month, 12% in the last six months, and 16% over the past year.
Year-to-date, the stock has delivered around 12% returns.