Titan strikes gold this festival season with strong jewellery sales growth

P N Gadgil Jewellers too put up a strong show, with its retail segment growing 29 per cent in Q2 FY26. This was driven by healthy store-level performance and festive season sales

The stock of Titan Company, the country’s largest listed jeweller and watchmaker, rose 4.4 per cent after the firm posted better-than-expected sales growth for the July–September quarter (Q2) of 2025-26 (FY26). Despite a high base, Titan’s domestic revenue grew 20 per cent, driven largely by its jewellery segment. In a pre-quarter update, Titan reported 19 per cent growth in its India jewellery division, which was 300–600 basis points (bps) higher than brokerage estimates.

 

Titan’s peer Kalyan Jewellers also reported strong growth of 31 per cent in its India operations, led primarily by robust wedding demand and a strong start to