Titan Company Limited’s jewellery segment continued to sparkle in the Q2 of FY26, posting a robust 19% year-on-year growth, driven by strong performances from Tanishq, Mia, Zoya, and CaratLane.
Despite elevated gold prices and a high base in the same period last year — which had benefitted from a custom duty cut — the company sustained its growth trajectory. The early onset of the festive season in September 2025, coupled with impactful marketing and exchange offers, fuelled consumer demand across urban and tier-II markets.
Tanishq, Mia, and Zoya collectively recorded around 18% growth, while CaratLane outperformed with a stellar 30% rise. The company attributed CaratLane’s success to its strong omnichannel presence and growing appeal among younger consumers.
Studded jewellery sales in the Tanishq, Mia, Zoya portfolio grew in the mid-teens, outpacing the gold (plain) category, reflecting a shift towards design-led purchases. Meanwhile, gold coins continued to register strong sales, mirroring heightened investment sentiment amid volatile gold prices.
Titan also expanded its domestic jewellery retail footprint by adding 34 new stores during the quarter — 6 Tanishq, 18 Mia, and 10 CaratLane outlets — bringing the total to 1,120 stores nationwide.
A key milestone this quarter was the launch of Tanishq’s first dedicated wedding destination store, Rivaah, in Delhi. The store is positioned as a one-stop destination for bridal jewellery, showcasing curated collections for brides-to-be and reinforcing the brand’s leadership in the wedding jewellery segment.
Both Tanishq and CaratLane recorded double-digit like-for-like growth. Internationally, Tanishq’s jewellery business also made significant strides, with sales in the USA more than doubling and GCC markets maintaining strong double-digit growth. The brand further expanded its presence with the opening of a new store in Virginia, USA.