Titan Company Ltd

The key equity indices traded with sharp losses in afternoon trade as investor sentiment weakened after the government announced an increase in the securities transaction tax (STT) on futures contracts to 0.05% while STT on options rises from 0.10% to 0.15% of the premium. Nifty skid below 25,050 mark after hitting day's high of 25,440 in mid-morning trade. <p> PSU Bank, Oil& gas and realty shares declined while IT and consumer durables shares advanced </p><p> At 13:25 IST, the barometer index, the S&P BSE Sensex declined 542.62 points or 0.66% to 81,727.16. The Nifty 50 index tumbled 274.20 points or 0.79% to 25,087.30. </p><p> The broader market underperformed the frontline indices. The BSE 150 Mid-Cap index declined 1.03% and the BSE 250 Small-Cap index slipped 0.93%. </p><p> The market breadth was weak. On the BSE, 1,711 shares rose and 2,215 shares fell. A total of 217 shares were unchanged. </p><p> The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rallied 5.02% to 14.32. </p><p> MCX Gold futures for the 5 February 2026 settlement fell 4.58% to Rs 1,42,800, while MCX Silver futures for the 5 March 2026 settlement declined 8.79% to Rs 2,66,269. </p><p> <b>Gainers & Losers:</b> </p><p> Titan Company (up 3.45%), Wipro (up 3.14%), Max Healthcare Institute (up 2.74%), Tata Consultancy Services (TCS) (up 2.53%) and Sun Pharmaceutical Industries (up 1.22%) were the major Nifty50 gainers. </p><p> Hindalco Industries (down 4.70%), Coal India (down 3.99%), State Bank of India (down 3.98%), Bharat Electronics (BEL) (down 3.90%) and Oil & Natural Gas Corporations of India (ONGC) (down 3.62%) were the major Nifty50 losers. </p><p> Sun Pharmaceutical Industries rose 1.22% after it has reported 16.03% rise in consolidated net profit to Rs 3,368.81 crore on a 13.49% increase in revenue to Rs 15,520.54 crore in Q3 FY26 over Q3 FY25. </p><p> <b>Union Budget 2026</b> </p><p> Union Finance Minister Nirmala Sitharaman used the Union Budget 2026 to underline a reform-heavy path built around fiscal consolidation, job creation and sharper global competitiveness. The Centre reiterated its medium-term debt sustainability goal, with the FRBM roadmap indicating a steady decline in the debt-to-GDP ratio and projecting central government debt at around 55.6% in BE 2026 27 versus 56.1% in RE 2025 26, framing the glide towards a sub 50% target by 2030 as a policy anchor rather than a hard statutory number. On the deficit side, the government stuck to its consolidation track, with the fiscal gap seen at 4.4% of GDP in RE FY26 and budgeted to narrow to 4.3% in BE FY27, a sequence that keeps the post pandemic promises on course while still giving room for capex-driven growth. </p><p> On the expenditure and borrowing front, the Budget raised capital expenditure to about Rs 12.2 lakh crore for FY27, signalling another year of heavy public investment in infrastructure, especially in emerging tier 2 and tier 3 growth centres that are starting to look more like mini metros than satellite towns. To fund the gap, the Centre plans net market borrowing of Rs 11.54 lakh crore through dated securities, with the balance coming from small savings and other sources, in line with the glide path indicated in the Budget 2025 26 speech. That combination'slower deficit, still high capex and a calibrated borrowing programme'is meant to keep bond yields contained while nudging the baton from public to private capex over the medium term. </p><p> Markets, however, zeroed in on the tax tweaks. On the indirect side, the Finance Bill, 2026 sharply increased the Securities Transaction Tax (STT) on derivatives: STT on futures goes up from 0.02% to 0.05% of the traded value, while STT on options rises from 0.10% to 0.15% of the premium (and from 0.125% to 0.15% when options are exercised). That makes high-churn F&O strategies more expensive at the margin and nudges some speculative volume off the table, even as it modestly boosts revenue. On the direct tax side, the Income-tax Act, 2025 is slated to take full effect from 1 April 2026, with fresh slab structures, harmonised surcharge rules and a cleaned up TDS/TCS and penalty framework, all aimed at reducing litigation and making the law more 'plain English' for taxpayers. </p><p> The Budget also delivered compliance relief via Tax Collected at Source (TCS) rationalisation under the LRS and travel bucket. TCS on overseas tour packages has been pared down to a flat 2%, replacing the earlier structure that included higher 5'20% slabs and thresholds. Similarly, TCS on remittances under the Liberalised Remittance Scheme for education and medical treatment drops to 2% from 5%, with a higher trigger threshold, easing the cash flow pinch on families sending children abroad or paying for medical procedures. Alongside, the Bill tightens the architecture for revised and updated returns'allowing revised returns up to the end of the assessment year (or 12 months in the new Act), with a modest fee if filed late'while keeping the extended 'updated return' window of up to four years, albeit at a steep additional tax to discourage strategic under reporting. </p><p> For cross border and enforcement issues, the Budget has carved out a targeted Foreign Assets of Small Taxpayers Disclosure Scheme, 2026. The scheme ring fences smaller cases'undisclosed foreign assets and income up to defined ceilings'into a one time, time bound window where taxpayers can come clean by paying 30% tax plus a 100% penalty on that tax on previously untaxed foreign assets or income, or a flat Rs 1 lakh fee in benign cases where foreign assets bought out of already taxed income were not reported in the foreign asset schedule. In return, declarants get immunity from further tax, penalty and prosecution under the Black Money Act on the declared items. The exact opening and closing dates will be notified separately, but the policy signal is clear: clean up small legacy foreign asset issues before the information exchange net tightens further. </p><p> On the business tax side, several structural tweaks stand out. First, supply of manpower is now explicitly included in the statutory definition of 'work' for TDS purposes, putting manpower contracts clearly under the contractor TDS net at the familiar 1%'2% slabs depending on the payer's status. Second, the Minimum Alternate Tax (MAT) regime has been recalibrated: the MAT rate in the old corporate tax regime is trimmed to 14% and treated as a final tax, while companies moving into the new lower rate regime are allowed to use their legacy MAT credits under the old law, but with a tight 25% cap on the amount of MAT credit that can be set off against normal tax in any one year and a 15 year sunset for utilisation. That balances taxpayer expectations on MAT credit with the government's desire to avoid MAT shielded 'zero tax' years under the new regime. </p><p> For non resident and digital economy players, the government has doubled down on India as a data and cloud hub. Through amendments to the exemption schedules, qualifying foreign companies that deliver global cloud or data centre services by procuring capacity from 'specified' Indian data centres'which themselves must be owned and operated by Indian companies, notified by the Centre and meet detailed conditions'can enjoy a long duration tax exemption on such income, available up to the tax year ending 31 March 2047. The idea is to attract global cloud majors to build onshore stacks on top of Indian owned infrastructure, without triggering immediate tax friction on the foreign service entity's income sourced from those data centre services. </p><p> The Budget also rationalises a few smaller but high friction levies. On the collection side, TCS rates on scrap and alcoholic liquor for human consumption are unified at 2%, down from higher earlier rates, giving a modest relief to cash flow sensitive sectors like metals trade and liquor distribution while keeping traceability intact. On capital markets, the long criticised buyback tax is being redesigned: rather than a blunt corporate level levy, the Bill proposes an additional capital gains tax on promoter level gains arising from buybacks, at differentiated rates for domestic and foreign promoters, while non promoter shareholders simply pay normal capital gains tax. That structure softens the blow for retail holders and aligns with the policy goal of penalising aggressive promoter buyback engineering more than ordinary investors. </p><p> Beyond taxes, the Budget leans hard into manufacturing, logistics and services as growth engines. Customs schedules have been overhauled to remove rate clutter, cut or eliminate basic customs duty on a basket of critical minerals and components for electronics, clean tech, batteries, telecom and shipping, and amend rates for shipbuilding, airports and select agri linked products, all with an eye on domestic value addition and supply chain resilience. Infrastructure plans'from PPP pipelines, a new asset monetisation plan and multimodal connectivity under PM Gati Shakti to continued support for Jal Jeevan, urban challenge funds and maritime corridors'are meant to keep the public investment cycle humming even as the deficit comes down. On the services and social side, the government has layered in measures such as a fresh Rs 10,000 crore fund of funds for startups, expanded skilling and research allocations, and sector specific pushes in tourism, medical tourism and urban livelihoods, framing the entire package as an attempt to deliver both hard infrastructure growth and more inclusive, employment rich development. </p><p> <b>Stocks in Spotlight:</b> </p><p> Bajaj Auto shed 0.87%. The company's standalone net profit increased 18.68% to Rs 2,502.81 crore on 18.84% jump in revenue from operations to Rs 15,220.33 crore in Q3 FY26 over Q3 FY25. </p><p> </p><p> VST Tillers Tractors advanced 1.27% after the company reported a 53.89% surge in total sales to 5,257 units in January 2026, up from 3,416 units sold in January 2025. </p><p> Meesho fell 4.97% after the company's consolidated net loss widened to Rs 490.68 crore in Q3 FY26, compared with a loss of Rs 37.43 crore in Q3 FY25. Net sales rose 31.32% YoY to Rs 3,517.60 crore in Q3 FY26 from Rs 2,678.64 crore in the year-ago quarter. </p><p> Steel Strips Wheels (SSWL) advanced 0.66% after the company reported a net turnover of Rs 480.03 crore for January 2026, marking a 17.32% year-on-year (YoY) increase compared to Rs 409.16 crore recorded in January 2025. </p><p> R R Kabel rose 1.10% after the company reported growth in profit and revenue for the December quarter. On a consolidated basis, net profit rose 72.4% YoY to Rs 118.2 crore in Q3 FY26, compared with Rs 68.6 crore in Q3 FY25. </p><p> Relaxo Footwears fell 2.06% after the company reported a 19.6% decline in net profit to Rs 26.54 crore, despite a 0.2% rise in net sales to Rs 668.03 crore in Q3 FY26 over Q3 FY25. </p><p> Escorts Kubota advanced 2.29% after the company's Agri Machinery Business in January 2026 sold 9,799 tractors registering a growth of 46.9% as against 6,669 tractors sold in January 2025. </p><p> <b>Global Markets:</b> </p><p> On Friday, U.S stocks witnessed some profit taking, with technology shares remaining in a funk, even as investors largely approved of President Donald Trump's pick of Kevin Warsh to lead the Federal Reserve. </p><p> The S&P 500 fell 0.43% to finish at 6,939.03, its third straight down day. The Dow Jones Industrial Average pulled back 179 points, or 0.36%, to settle at 48,892.47. The tech-heavy Nasdaq Composite underperformed, dropping 0.94%, to end the day at 23,461.82. All three indexes fell more than 1% at session lows. </p><p> Spot gold and silver dropped around 9% and 28%, respectively. Over the past year, gold and silver futures have soared about 67% and 142%, respectively. </p><p> Warsh's selection was likely to ease concern about Fed independence because of his experience as a Fed governor and strong stance at times against inflation. While he is likely to push for lower rates in short term as Trump wants, the financial markets view him as someone who wouldn't always follow the president's direction and maintain credibility for monetary policy.</p><p><b>Powered by Capital Market - Live</b></p>

Titan Company will hold a meeting of the Board of Directors of the Company on 10 February 2026.Powered by Capital Market - Live

The company's domestic consumer businesses recorded around 40% year-on-year growth in Q3 FY26, with jewellery emerging as the biggest contributor. The jewellery portfolio posted about 41% YoY growth, supported by strong wedding and festive demand and improved performance across gold studded jewellery and gold coins. Like-to-like growth across jewellery retail formats stood in the low-thirties. During the quarter, Titan added a net 47 jewellery stores in India across Tanishq, Mia, Zoya, CaratLane and the newly launched lab-grown diamond brand beYon. The watches division reported around 13% YoY growth, led by analog watches, which benefited from premiumisation trends and festive demand. The Titan brand recorded double-digit growth, while Sonata and Fastrack also posted strong value growth. Smartwatches, however, declined around 26% YoY due to lower volumes. The division added 22 net new stores during the quarter. Titan EyeCare delivered approximately 16% YoY growth, aided by strong demand for international brands, sunglasses and prescription lenses, along with rising e-commerce contribution. As part of network optimisation, the division opened 11 new stores, renovated 20 stores and closed 30 stores during the quarter. Emerging businesses showed a mixed performance. Fragrances grew about 22% YoY, while women's bags surged 111% YoY on strong volume growth. Taneira reported a decline of around 6% YoY as lower volumes offset higher average selling prices. The company added two Irth stores during the quarter in Delhi and Kolkata. International businesses posted strong growth of nearly 80% YoY, led by jewellery brands across GCC countries, Singapore and North America. During the quarter, Tanishq opened two new stores in the US, located in Boston and Orlando. Titan added a total of 56 net stores during Q3 FY26, taking its overall retail network to 3,433 stores as of December 2025. The company said the quarterly numbers are provisional and subject to limited review by its statutory auditors. Titan is India's leading lifestyle company. It ha established leading positions in the jewellery, watches and eyecare categories. It has also diversified into wearables, indian dress wear and fragrances & fashion accessories. Titan Company's consolidated revenue jumped 28.5% year-on-year to Rs 18,837 crore in Q2 FY26 from Rs 14,656 crore in Q2 FY25, driven by festive-led jewellery demand, robust international expansion, and double-digit growth across segments. Its profit after tax (PAT) surged 59% YoY to Rs 1,120 crore, translating to a PAT margin of 6.8%, up 163 basis points from the prior year. Powered by Capital Market - Live

Titan Company Ltd rose 2.55% today to trade at Rs 4215.8. The BSE Consumer Durables index is up 0.62% to quote at 61885.4. The index is up 3.36 % over last one month. Among the other constituents of the index, Kalyan Jewellers India Ltd increased 1.34% and PG Electroplast Ltd added 0.5% on the day. The BSE Consumer Durables index went down 5.28 % over last one year compared to the 8.21% surge in benchmark SENSEX. Titan Company Ltd has added 11.97% over last one month compared to 3.36% gain in BSE Consumer Durables index and 0.57% drop in the SENSEX. On the BSE, 8570 shares were traded in the counter so far compared with average daily volumes of 27946 shares in the past one month. The stock hit a record high of Rs 4264.8 on 07 Jan 2026. The stock hit a 52-week low of Rs 2947.55 on 07 Apr 2025.Powered by Capital Market - Live

 Titan will launch the brand name 'beYon - from the House of Titan' with an exclusive retail store in Mumbai on 29 December 2025 to cater to the adornment needs of women in lifestyle categories beyond watches, perfumes, sarees and handbags. beYon will offer a curated range of Lab Grown Diamond (LGD) jewellery making a start in this emerging category with plans to add a couple of more stores in Mumbai and Delhi in the immediate near future.Powered by Capital Market - Live

The key domestic indices ended with sharp losses today, amid broad-based selling pressure. Investors will now focus on Q2 earnings from Sun Pharmaceuticals, Britannia Industries, and Grasim Industries, scheduled for release tomorrow, 5 November 2025, along with key economic indicators and global cues. The Nifty ended below the 25,600 level after touching day's high of 25,787.40 in early trade. Barring consumer durables all the sectoral indices on the NSE were traded in red with metal, IT and auto shares declining the most. As per provisional closing data, the barometer index, the S&P BSE Sensex declined 519.34 points or 0.62% to 83,459.15. The Nifty 50 index fell 165.70 points or 0.64% to 25,597.65. In the broader market, the S&P BSE Mid-Cap index declined 0.26% and the S&P BSE Small-Cap index shed 0.69%. The market breadth was weak. On the BSE, 1,619 shares rose and 2,540 shares fell. A total of 177 shares were unchanged. The stock market will remain closed on Wednesday, 5 November 2025, on account of Guru Nanak Jayanti. IPO Update: Billionbrains Garage Ventures (Groww) received bids for 18,00,58,800 shares as against 36,47,76,528 shares on offer, according to stock exchange data at 15:33 IST on Tuesday (4 November 2025). The issue was subscribed 0.49 times. The issue opened for bidding on 4 November 2025 and it will close on 7 November 2025. The price band of the IPO is fixed between Rs 95 and 100 per share. Lenskart Solutions received bids for 2,51,49,46,203 shares as against 9,97,61,257 shares on offer, according to stock exchange data at 15:33 IST on Tuesday (4 November 2025). The issue was subscribed 25.21 times. The issue opened for bidding on 31 October 2025 and it will close on 4 November 2025. The price band of the IPO is fixed between Rs 382 and 402 per share. Buzzing Index: The Nifty Metal index declined 1.44% to 10,499.05. The index rose 0.38% in the past trading session. Welspun Corp (down 2.93%), Hindustan Copper (down 2.74%), Adani Enterprises (down 2.72%), National Aluminium Company (down 2.37%), NMDC (down 2.17%), Hindalco Industries (down 1.86%), Tata Steel (down 1.82%), Hindustan Zinc (down 1.52%), Jindal Stainless (down 1.39%) and JSW Steel (down 1.14%) declined. Stocks in Spotlight: Titan Company gained 2.28% after the company posted strong second-quarter earnings for FY26. The company's consolidated revenue jumped 28.5% year-on-year to Rs 18,837 crore in Q2 FY26 from Rs 14,656 crore in Q2 FY25. profit after tax (PAT) surged 59% YoY to Rs 1,120 crore. Bharti Airtel added 1.89% after the company reported 89.02% surge in consolidated net profit to Rs 6,791.7 crore on 25.73% increase in revenue from operations to Rs 52,145.4 crore in Q2 FY26 over Q2 FY25. State Bank of India (SBI) rose 0.72%. The bank reported a standalone net profit of Rs 20,159.67 crore for Q2 FY26, up 9.97% year-on-year (YoY) and 5.21% sequentially. Total income stood at Rs 1,34,979.47 crore in the quarter ended 30 September 2025, rising 4.52% YoY but declining 0.26% quarter-on-quarter (QoQ). Power Grid Corporation of India slipped 3.13% after the company's consolidated net profit fell 5.98% to Rs 3,566.08 crore in Q2 FY26 as against Rs 3,793.02 crore posted in Q2 FY25. However, revenue from operations rose 1.75% YoY to Rs 11,475.95 crore recorded in the quarter ended 30 September 2025. Adani Ports and Special Economic Zone (APSEZ) shed 0.02%. The company has reported 29% increase in consolidated net profit to Rs 3,120 crore on a 30% rise in revenue to Rs 9,167 crore in Q2 FY26 as compared with Q2 FY25. Bajaj Finance gained 1.16% after the NBFC reported a sharp rise in festive season lending, driven by robust consumer demand and recent tax reforms. The company disbursed 63 lakh consumer loans between 22 September and 26 October 2025, marking a 27% jump in volume and a 29% increase in value compared with the same period last year. Godfrey Phillips India dropped 3.62% after the cigarette maker reported 14.39% fall in consolidated net profit to Rs 304.99 crore in Q2 FY26 as against Rs 356.28 crore posted in Q2 FY25. Revenue from operations (excluding excise duty) declined 13.26% quarter-on-quarter (QoQ) to Rs 1,289.03 crore in the quarter ended 30 September 2025. Gallantt Ispat gained 1.33% after the company reported a 78.42% year-on-year jump in consolidated net profit to Rs 87.23 crore on a 7.45% rise in revenue from operations to Rs 1,012.75 crore in Q2 FY26 over Q2 FY25. 3M India zoomed 16.29% after the company's net profit jumped 43.01% to Rs 191.33 crore on 14.01% rise in revenue from operations to Rs 1,266.49 crore in Q2 FY26 over Q2 FY25. Kirloskar Brothers fell 1.54% after the company reported a 29.28% decline in consolidated net profit to Rs 67.4 crore on a 0.78% drop in revenue from operations to Rs 1,027.7 crore in Q2 FY26 over Q2 FY25. Global Markets: European markets declined on Tuesday as investors awaited third-quarter results from Philips, Geberit, Associated British Foods, and Ferrari, which are scheduled to be released today. Asia-Pacific markets ended lower, diverging from Wall Street's tech-led rally overnight. Australia's central bank holds rates at 3.60%. It had eased policy three times this year in February, May and August. The gains in U.S. equities were fueled by renewed enthusiasm around artificial intelligence. Amazon shares jumped 4% after the company announced a $38 billion partnership with OpenAI, which will deploy hundreds of thousands of Nvidia graphics processing units. Nvidia stock also climbed about 2% after securing export licenses to supply its chips to the United Arab Emirates. On Wall Street, the Nasdaq Composite rose on Monday as investors moved further into the artificial intelligence trade following a number of deal announcements. The tech-heavy Nasdaq advanced 0.46% to finish at 23,834.72, while the S&P 500 traded up 0.17% to 6,851.97. The Dow Jones Industrial Average lagged, falling 226.19 points, or 0.48%, to 47,336.68.Powered by Capital Market - Live

The company's consolidated revenue jumped 28.5% year-on-year to Rs 18,837 crore in Q2 FY26 from Rs 14,656 crore in Q2 FY25, driven by festive-led jewellery demand, robust international expansion, and double-digit growth across segments. EBITDA rose 46.3% YoY to Rs 1,987 crore, while EBITDA margin improved 209 basis points to 12.1% from 10% a year earlier. Profit before tax (PBT) increased 60.5% YoY to Rs 1,522 crore, and profit after tax (PAT) surged 59% YoY to Rs 1,120 crore, translating to a PAT margin of 6.8%, up 163 basis points from the prior year. The jewellery business remained the crown jewel, with total income (excluding bullion and Digi-Gold) rising 21% YoY to Rs 14,092 crore. Domestic jewellery brands ' Tanishq, Mia, and Zoya ' grew 18% to Rs 12,460 crore, while CaratLane delivered an impressive 32% YoY growth to Rs 1,072 crore. International jewellery revenue nearly doubled to Rs 561 crore, driven by strong traction in UAE and North America. The watches segment revenue grew 13% YoY to Rs 1,477 crore, with an EBIT of Rs 238 crore, reflecting a healthy 16.1% margin for the quarter. Growth was supported by premiumisation and strong performance from Fastrack and Titan brands. The eyecare business revenue increased 9% YoY to Rs 220 crore, with EBIT at Rs 12 crore (5.3% margin). Sunglasses outperformed prescription eyewear, driven by higher sales in both in-house and international brands. In the emerging businesses, the combined portfolio of Taneira, Fragrances, and Women's Bags grew 34% YoY to Rs 142 crore. Segment losses narrowed to Rs 24 crore, from Rs 29 crore a year earlier, reflecting improving efficiency. Women's Bags saw 90% growth, while Fragrances expanded 47% YoY, led by Skinn and Fastrack perfumes. Titan Engineering & Automation Ltd (TEAL) recorded stellar growth, with revenue more than doubling 112.2% YoY to Rs 415 crore. C K Venkataraman, managing director of the company stated that: 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. Titan is India's leading lifestyle company. It ha established leading positions in the jewellery, watches and eyecare categories. It has also diversified into wearables, indian dress wear and fragrances & fashion accessories. Powered by Capital Market - Live

Net profit of Titan Company rose 59.09% to Rs 1120.00 crore in the quarter ended September 2025 as against Rs 704.00 crore during the previous quarter ended September 2024. Sales rose 22.18% to Rs 16461.00 crore in the quarter ended September 2025 as against Rs 13473.00 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales16461.0013473.00 22 OPM %11.399.17 - PBDT1711.001119.00 53 PBT1522.00948.00 61 NP1120.00704.00 59 Powered by Capital Market - Live

Titan Company will hold a meeting of the Board of Directors of the Company on 3 November 2025.Powered by Capital Market - Live

During the quarter, the company added 55 new stores, taking its total retail network to 3,377 stores, including 3,345 domestic stores. The jewellery segment led the performance with a 19% YoY growth, supported by the early onset of the festive season, strong promotional campaigns, and exchange offers. Studded jewellery across Tanishq, Mia, and Zoya recorded mid-teen growth, while CaratLane posted a robust 30% YoY growth and added 10 new stores, taking its total to 341. Gold coins also performed strongly during the quarter. The watches business grew by 12% YoY, driven by a 17% rise in analog watch sales, although the smart wearables segment declined 23% YoY. In the EyeCare business, Titan reported 9% YoY growth, helped by demand for sunglasses, international brands, and e-commerce channels. Among emerging businesses, Fragrances grew 48% YoY, led by strong volumes in Fastrack and Skinn, while Women's Bags surged 90% YoY due to network expansion. The ethnic wear brand Taneira also grew by 13% YoY. Irth added 2 stores in the quarter in the cities of Delhi and Kolkata and Taneira closed 2 stores during the quarter Titan's international business jumped 86% YoY, with Tanishq more than doubling its revenue in the USA and posting strong double-digit growth in the GCC region. The company also opened a new Tanishq store in Virginia, USA during the quarter. Titan credited the strong performance to its festive campaigns, retail expansion, and consumer-driven strategies despite high gold prices. Titan Company, a joint venture between the Tata Group and the Tamilnadu Industrial Development Corporation (TIDCO), had commenced its operations in 1987 under the name 'Titan Watches Limited'. In 1994, Titan diversified into jewellery (Tanishq) and subsequently into EyeCare. Over the last three decades, Titan has created lifestyle brands across different product categories including fragrances (SKINN), accessories and Indian dress wear (Taneira) and thoughtfully designed Women Bags (IRTH). The company reported 52.5% jump in consolidated net profit to Rs 1,091 crore on a 20.4% rise in operating revenue to Rs 14,673 crore in Q1 FY26 as compared with Q1 FY25. Powered by Capital Market - Live