Titan Company Ltd.TITAN₹3,560.20 +4.15%

Shares of Titan Company Ltd. gained over 4%, reaching an intraday high of ₹3,578.00 apiece, after the company reported its Q2 business update. 

Titan’s Consumer Businesses grew 20% year-on-year (YoY). This strong performance, which spanned domestic and international operations, was supported by the net addition of 55 stores, expanding the retail network to 3,377 stores. The domestic business delivered 18% YoY growth, with the core Jewellery division being the primary driver.

The domestic jewellery business grew approximately 19% in Q2FY26. This growth came despite a challenging environment, as surging gold prices drove substantial ticket size increases, which were sufficient to offset a marginal YoY decline in buyer counts.

Within the portfolio, studded jewellery (Tanishq, Mia, Zoya) collectively grew in the mid-teens, outpacing the growth of plain gold jewellery, while gold coins continued their strong run. Both Tanishq and CaratLane registered double-digit growth. The company expanded its jewellery footprint with 34 net new stores in India and marked a milestone with the inauguration of its first wedding destination store, ‘Rivaah,’ in Delhi.

The International Business soared 86% YoY, led by Tanishq more than doubling its business in the USA market and achieving strong double-digit growth in the GCC market.

The Emerging Businesses (domestic) grew 37% YoY. This was driven by Fragrances, which grew 48% (led by Fastrack and Skinn volume growth), and Women’s Bags, which surged 90% due to network expansion. Taneira contributed 13% YoY growth.

The Watches domestic business grew approximately 12% YoY. This was primarily anchored by the analog segment, which clocked 17% growth, with the Titan brand posting strong double-digit numbers fueled by festive demand. This performance, however, was partially tempered by the smart wearables category, which declined approximately 23% YoY, mirroring the broader stress in that segment.

Meanwhile, the EyeCare domestic business grew approximately 9% YoY, led by healthy performance from international brands, sunglasses, and the e-commerce channel.

Over the last five years, this stock has delivered multibagger returns of more than 180%.

Let’s take a look at its Factor Analysis scores:

Note: The stock price mentioned is as of 12:00 pm.

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PhonePe Wealth Broking Private Limited is a member of NSE & BSE with SEBI Regn. No.: INZ000302639, Depository Participant of CDSL Depository with SEBI Regn. No.: IN-DP-696-2022, Research Analyst with SEBI Regn No: INH000013387, BSE RA Enlistment Number: 5887 and Mutual Fund distributor with AMFI Registration No: ARN- 187821. Member ID: BSE- 6756, NSE- 90226. Registered office – 2, Floor 3, Wing A, Block A, Salarpuria Softzone, Service Road, Green Glen Layout, Bellandur, Bengaluru South, Bengaluru, Karnataka – 560103, INDIA. CIN: U65990KA2021PTC146954