SJS Enterprises PAT Soars 48.4% to ₹43.27 Cr in Q2 FY26
03 Nov 2025
Titan Company Q2 FY26 financial results analysis with strong performance across all business segments
₹ 3,724
-0.59% decreased today
03 Nov - close price
Financial Performance Overview
Bengaluru, India, November 3, 2025: Titan Company Limited, one of India's leading lifestyle companies, announced its unaudited consolidated financial results for the quarter and half year ended 30th September 2025, delivering strong performance driven by early festive demand.
Key Financial Highlights (Q2 FY26 - Consolidated)
Total Income
₹16,649 Cr
+22% YoY
Profit Before Tax
₹1,522 Cr
+60% YoY
Net Profit (PAT)
₹1,120 Cr
+59% YoY
EBIT
₹1,799 Cr
+51.4% YoY
EBIT Margin
10.8%
+211 bps YoY
EPS
₹12.63
+59% YoY
Quarterly Performance Comparison (Consolidated)
| Financial Metric | Q2 FY26 | Q2 FY25 | YoY Change | Performance |
|---|---|---|---|---|
| Total Income (₹ Cr) | 16,649 | 13,661 | +21.9% | Excellent |
| EBIT (₹ Cr) | 1,799 | 1,188 | +51.4% | Outstanding |
| PBT (₹ Cr) | 1,522 | 948 | +60.5% | Exceptional |
| PAT (₹ Cr) | 1,120 | 704 | +59.0% | Strong |
| EBIT Margin | 10.8% | 8.7% | +211 bps | Excellent |
Management Commentary
MD Statement - Mr. C. K. Venkataraman
Business Segment Performance
Segment-wise Performance (YoY)
Jewellery Revenue
₹14,092 Cr
+21% YoY
Watches Revenue
₹1,477 Cr
+13% YoY
Eyecare Revenue
₹220 Cr
+9% YoY
Emerging Businesses
₹142 Cr
+34% YoY
TEAL Revenue
₹415 Cr
+112% YoY
International Business
₹561 Cr
+149% YoY
Detailed Business Segment Analysis
Segment Performance Breakdown
Strategic Initiatives & Growth Drivers
Key Business Developments
Stock Performance & Key Metrics
Titan Company Stock Analysis
Market Cap
₹3,30,656 Cr
Current Price
₹3,724
52W High / Low
₹3,800 / ₹2,925
Stock P/E
80.1
Industry P/E
30.8
Book Value
₹144
Dividend Yield
0.30%
ROCE
19.1%
ROE
31.8%
Face Value
₹1.00
EPS
₹46.5
Debt to Equity
0.97
Total Debt
₹12,465 Cr
Corporate Developments
Management Changes & Recognitions
About Titan Company Limited
Company Overview
Titan Company Limited is one of India's leading lifestyle companies, with presence across watches, jewellery, eyewear, and other lifestyle segments. A joint venture between the Tata Group and the Tamil Nadu Industrial Development Corporation (TIDCO), Titan commenced operations in 1987.
🎯 Business Highlights
Overall Performance Assessment: Titan Company delivered a strong Q2 FY26 performance with 22% revenue growth and 59% PAT growth, driven by early festive demand and strong performance across all business segments. The Jewellery business grew 21% to ₹14,092 Cr, Watches division grew 13% to ₹1,477 Cr, and Eyecare grew 9% to ₹220 Cr. The company's strategic initiatives including the planned acquisition of Damas Jewellery in GCC region and continued store expansion position it well for future growth. The stock trades at a P/E of 80.1, significantly above the industry average of 30.8, reflecting market confidence in its premium positioning and growth trajectory in the lifestyle segment.
"The quarter witnessed a slow start and performance progressively improved with the early festive commencement in September. The demand momentum in Navratri was particularly strong leading to a healthy 21% growth in Q2FY26. Our Jewellery business, in particular, benefitted immensely from this late surge underscoring the brand strengths and enduring consumer affinity for our brands Tanishq, Mia, Zoya and CaratLane."
"During the quarter, Titan announced its plan to acquire a controlling stake in 'Damas Jewellery', one of the most prominent and trusted brands in the GCC region. This acquisition marks a significant step forward in our ambitions, reinforcing our commitment to delivering exceptional value to our customers globally."
"With the festive season driving positive consumer sentiment, we remain focused on strengthening brand salience and accelerating growth across all our businesses."