Archive · 19 Jan 2026
Titan Q3 FY26 Preview Shows Strong Growth
Titan Company is expected to have a very good third quarter in the financial year 2026.
This is because many people bought jewellery and watches during the festive and wedding season.
The company's revenue is expected to grow by 31% compared to the same period last year.
This growth is mainly due to higher gold prices.
The jewellery business grew by 34%, and the watches business grew by 20%.
However, the profit margins for jewellery are expected to be a bit lower because the company is spending more on marketing and selling more gold coins, which have lower profit margins.
Analysts think that the profit margins have reached their lowest point and will start to improve in the coming quarters.
Titan Company's Q3 FY26 revenue expected to grow 31% year-over-year, driven by festive and wedding demand.
EBIT expected to rise 42% year-over-year, with jewellery business growing nearly 40% and watches 20%.
Jewellery revenue grew 34% year-over-year, aided by 27% like-for-like growth and 65% gold price inflation.
Gold coins emerged as a key growth driver with volumes rising nearly 90% and mix increasing to 16–17%.
Jewellery margins expected to compress due to investments, lower-margin coins segment, and higher marketing spends.
- Who
- Titan Company Ltd
- What
- Strong Q3 FY26 performance driven by festive and wedding demand
- When
- Q3 FY26 (January 18, 2026)
- Where
- India
- Why
- Robust demand during festive and wedding season, elevated gold prices
- Revenue Growth
- 31% year-over-year
- EBIT Growth
- 42% year-over-year
- Jewellery Revenue Growth
- 34% year-over-year
- Gold Price Inflation
- 65% year-over-year
- Gold Coins Volume Growth
- 90%
- Jewellery EBIT Margins
- 10.3% (down 90 basis points)
