Titan Q2 Replace: Shopper enterprise delivers 20% YoY progress. Worldwide enterprise jumps 86%
The home enterprise grew 18% on-year, with jewelry enterprise reporting a 19% uptick. The watch, eyecare and rising companies reported a progress of 12%, 9% and 37%, respectively.
Within the jewelry section, CaratLane outpaced Tanishq, Miya and Zoya, with 30% enhance versus 18% by the latter. A complete of 34 new jewelry shops had been added within the quarter passed by.
Titan opened 15 shops for its watch enterprise and 5 for its eyewear enterprise. One new retailer was open close to its worldwide enterprise.
The updates had been introduced after market hours and Titan shares at the moment ended with 0.20% decline at Rs 3416.55 on the BSE.
Within the Rising Companies (home), fragrances grew 48% YoY led by sturdy quantity growths in Fastrack and Skinn. Ladies’s Luggage grew 90% YoY led by community enlargement and Taneira grew 13% YoY. Irth added 2 shops within the quarter within the cities of Delhi and Kolkata and Taneira closed 2 shops in the course of the quarter.The Worldwide Enterprise grew 86% YoY led by Tanishq, greater than doubling its enterprise within the USA market and clocking sturdy double-digit progress within the GCC market. Tanishq added a brand new retailer in Virginia, USA in Q2FY26.The numbers are provisional and the corporate will announce its detailed Q2 earnings later.
Titan shares have been market laggards, declining 7% over a 1-year interval. The inventory has slipped under its 50-day easy shifting common of Rs 3,504.5 in line with Trendlyne information.
The Q2 season begins on Thursday, October 9 with the announcement of TCS earnings.
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Titan had reported a 34% YoY surge in its Q1FY26 standalone web revenue at Rs 1,030 crore versus Rs 770 crore within the 12 months in the past interval. The revenue after tax (PAT) was above Avenue’s estimates of Rs 925 crore. The corporate’s income from operations stood at Rs 13,192 crore, up 17% YoY from Rs 11,263 crore reported within the corresponding quarter of the final monetary 12 months.
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