Titan Company Limited has released its Quarterly Update for Q2 FY 2025-26, revealing robust growth across consumer segments, with dramatic surges in specific categories that have caught the attention of market analysts.
Overall, the company’s Consumer Businesses registered a substantial growth of approximately 20% year-on-year (YoY) during the quarter.
This expansion was supported by a strong retail push, adding a net total of 55 stores during Q2 FY26, bringing Titan’s combined retail network presence to 3,377 stores as of September 2025.
The most eye-opening metric came from the International Business, which skyrocketed by 86% YoY.
This phenomenal growth was predominantly led by Tanishq, which successfully more than doubled its business in the crucial USA market while simultaneously clocking strong double-digit growth in the GCC market.
Tanishq further expanded its physical footprint internationally by adding a new store in Virginia, USA, during the quarter.
Domestically, the largest segment, Jewellery, delivered a healthy c.19% growth in Q2 FY26. This growth occurred even as surging gold prices drove substantial increases in ticket size, marginally offsetting YoY declines in buyer counts.
Management initiatives helped fuel this performance, notably significant investments in consumer promotions, including a powerful exchange offer and marketing strategies designed to stimulate demand amidst the elevated gold prices.
Furthermore, the early onset of the festive season in September helped mitigate the impact of the high base established in Q2 FY25 due to a previous custom duty reduction.
Within the Tanishq, Mia, and Zoya portfolios, studded jewellery collectively grew in the mid-teens, outpacing plain gold jewellery growth, while gold coins continued their strong run, reflecting prevailing investment sentiment.
The domestic Jewellery segment saw 34 new store additions (net), including 6 Tanishq, 18 Mia, and 10 CaratLane outlets.
Explosive growth was also visible in the Domestic Emerging Businesses, which collectively grew c.37% YoY.
This surge was underpinned by the Women’s Bags category, which experienced a remarkable c.90% YoY growth driven by network expansion.
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