Titan Company Ltd (TITAN) Q2FY26 Concall Summary - Sep-2025 Qtr
Performance Overview
- The company reported a very satisfying quarter with strong growth observed across virtually all businesses, markets, and subsidiaries.
- The Jewellery segment demonstrated resilience despite unprecedented high gold prices, driven by a powerful gold exchange campaign and strong festive season demand, particularly from mid to high-end consumers.
- The Watches business showed healthy growth, driven by a strategic push towards premiumization with new launches like Jalsha, Stellar, and Edge Ultra slim, resulting in a 16% growth during the festive period.
- The company is strategically focusing on unlocking value from existing household gold through exchange programs to counter the sluggishness in new buyer growth, particularly in lower-priced segments, which is attributed to high gold prices and middle-class economic pressures.
- International business, especially in North America, is performing exceptionally well, moving from a loss to a profit and showing strong growth in studded jewellery sales at higher price points.
Financial Metrics
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Operating Performance / Business Segments
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Key Discussions & Insights
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Outlook and Guidance
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Challenges / Concerns
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Industry / Competitive Landscape
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Overall Summary
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