Titan Company Limited has informed the Exchange regarding 'Quarterly Update Q3 FY 2025-26'.
TITAN · price
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Awaiting price reaction for this filing.
Titan reported a strong Q3 FY26 with overall Consumer Businesses growing 40% year-on-year, led by festive season demand. The Jewellery division, the biggest contributor, grew 41% domestically, driven mainly by higher average selling prices (ASPs) as buyer growth was flat, with the company using a gold exchange offer to manage the elevated gold price environment. Watches grew 13% YoY on the back of a 17% jump in analog watches, though Smart Watches declined sharply by 26% due to lower volumes. EyeCare rose 16% and Emerging Businesses grew 14%, helped by Fragrances (+22%) and a standout 111% jump in Women's Bags, while ethnic wear brand Taneira dipped 6% on weaker volumes. International business grew around 79-81% YoY, led by GCC, Singapore and North America. Titan added 56 net new stores in the quarter, taking the total to 3,433, and launched a new lab-grown diamond jewellery brand called 'beYon'. Numbers are provisional and subject to limited review by statutory auditors.
Strong festive-led growth, especially in jewellery, is a positive read for the stock, signalling healthy consumer spending at Titan's core business. The sharp decline in Smart Watches volumes and Taneira's sales are minor concerns, but the new 'beYon' brand launch and rapid international expansion add long-term growth optionality.