08 Oct , 2025 By : Debdeep Gupta
Titan Company Ltd stock jumped nearly 4 percent on Wednesday after the Tata Group firm reported around 20 percent year-on-year growth in its consumer businesses for the July-September quarter (Q2FY26). In the opening trade, Titan Company stock was trading at Rs 3,548.9, up 3.8 percent from the previous close of Rs 3,418 on the NSE. The stock has traded between Rs 2,925 and Rs 3,748 over the past year and currently commands a price-to-earnings ratio of 81.7 and a dividend yield of 0.32 percent.
In its quarterly update, Titan said it added 55 net new stores during the quarter, expanding its total retail network to 3,377 outlets. The company’s domestic jewellery business grew 19 percent year-on-year, with Tanishq and CaratLane both reporting double-digit like-for-like growth. The segment benefited from surging gold prices, which lifted average ticket sizes and offset a marginal decline in buyer counts. Titan also highlighted that the early onset of the festive season in September supported sales momentum.
The company said its watches division grew 12 percent year-on-year, led by strong performance in the analogue segment, while the smart wearables category fell about 23 percent. The EyeCare business grew 9 percent, supported by international brands and e-commerce channels. Among its emerging businesses, fragrances rose 48 percent, women’s bags surged 90 percent, and Taneira grew 13 percent during the quarter.
A market analyst told CNBC TV18 that while smaller rivals such as Kalyan Jewellers and PNG Jewellers have posted faster growth, Titan’s performance remains commendable given its much larger operational base. The analyst said the rise in gold prices has been the key driver behind higher average ticket sizes and overall sales growth.
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