Titan Company Ltd

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

Titan Company Ltd gained 3.71% today to trade at Rs 3543.4. The BSE Consumer Durables index is up 1.06% to quote at 59427.71. The index is down 4.08 % over last one month. Among the other constituents of the index, Kalyan Jewellers India Ltd increased 1.58% and Asian Paints Ltd added 0.63% on the day. The BSE Consumer Durables index went down 8.67 % over last one year compared to the 0.46% surge in benchmark SENSEX. Titan Company Ltd has lost 3.13% over last one month compared to 4.08% fall in BSE Consumer Durables index and 1.52% rise in the SENSEX. On the BSE, 23896 shares were traded in the counter so far compared with average daily volumes of 69559 shares in the past one month. The stock hit a record high of Rs 3750 on 07 Oct 2024. The stock hit a 52-week low of Rs 2947.55 on 07 Apr 2025.Powered by Capital Market - Live

Titan Company has received affirmation in credit ratings from CARE at CARE AAA; Stable / CARE A1+ for bank facilities and commercial paper. Powered by Capital Market - Live

Titan Company has received affirmation in credit rating for various debt facilities at ICRA AAA; Stable / ICRA A1+. Powered by Capital Market - Live

On the segmental front, Jewellery revenue rose 16.6% YoY to Rs 11,217 crore, Watches revenue increased 24.1% YoY to Rs 1,239 crore, EyeCare revenue grew 12.5% YoY to Rs 234 crore and CaratLane posted 39% YoY jump in revenue to Rs 1,026 crore. Titan Engineering & Automation (TEAL) has recorded revenue of Rs 307 crore, a 55.8% YoY increase. The Emerging Businesses have reported revenue of Rs 108 crore (up 35% YoY), while the International Business clocked revenues of Rs 592 crore (up 48% YoY). The Bullion and Digi-Gold revenue stood at Rs 1,850 crore, marking a 71.6% YoY rise. Titan stated that the high gold prices and challenging market conditions saw customers gravitate toward gold purchases driving better growths in gold jewellery and coins, vis-a-vis studded. Ticket size improvement largely offset the impact of elevated gold prices on customer traffic in the quarter. CaratLane's targeted gold coin promotion saw excellent consumer response driving healthy customer acquisition. The International Jewellery business clocked healthy double-digit growths in both UAE and North America regions achieving its first ever profitability. The growth in Watches business was driven by both volume uptake and pricing actions. The smartwatches segment focused on profitability optimization. The division added 9 new stores (net) consisting of 4 stores in Titan World and 5 in Helios, respectively. In the EyeCare business, driven by seasonal trends, sunglasses growth significantly outpaced prescription products (lenses and frames) during the quarter. The Division added a new store in Sharjah, UAE during the quarter. In India, network optimization continued with 20 store closures (net). TEAL saw Automation Solutions (AS) Revenue grow by 82% and the Manufacturing Services (MS) Revenue rise by 16% in this period. The AS business received orders of Rs 357 crore during the quarter, with a Jun'25 order book exceeding Rs 550 crore. In MS business, the aerospace segment recorded healthy double-digit growth rates. EBITDA improved by 41.6% to Rs 1,935 crore in Q1 FY26 from Rs 1,367 crore in Q1 FY25. EBITDA margin rose by 199 basis points YoY to 13.1% in Q1 FY26. Profit before tax (PBT) in Q1 FY26 was at Rs 1,480 crore, up by 52.1% from Rs 973 crore posted in Q1 FY25. CK Venkataraman, managing director of the company stated that: Q1 FY26 has been an encouraging start to the fiscal year with 21% consolidated revenue growth, demonstrating the strength of our diversified business model. Our Jewellery business continues to show remarkable resilience despite headwinds from elevated gold prices. EyeCare has been clocking three quarters of double-digit growth, and we are confident of accelerating this momentum in the coming quarters as we expand our reach and enhance our product offerings. Our Emerging brands of SKINN, IRTH and Taneira have made substantial progress in optimizing their business mix and are well-positioned to capture greater market share. Our international operations continue to deliver strong growth, opening new avenues for expansion. 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). Powered by Capital Market - Live

Net profit of Titan Company rose 52.59% to Rs 1091.00 crore in the quarter ended June 2025 as against Rs 715.00 crore during the previous quarter ended June 2024. Sales rose 21.20% to Rs 14814.00 crore in the quarter ended June 2025 as against Rs 12223.00 crore during the previous quarter ended June 2024. ParticularsQuarter EndedJun. 2025Jun. 2024% Var. Sales14814.0012223.00 21 OPM %12.3510.20 - PBDT1664.001137.00 46 PBT1480.00973.00 52 NP1091.00715.00 53 Powered by Capital Market - Live