Q2 2026 Titan Company Ltd Earnings Call Transcript

Nov 3, 2025 / 02:30 AM GMT

Release Date Price: ₹3813.5 (+2.39%)

Transcript

Key Points

Positve

Titan Co Ltd (BOM:500114) reported satisfying growth across all businesses, markets, and subsidiaries in Q2 FY26.
The company has seen a positive response to its 18-carat jewelry offerings, with plans to increase its share in inventory.
The festive season saw improved buyer growth, particularly in the mid to higher price bands, driven by a strong exchange offer and new collection launches.
International markets, especially North America, are performing well, with strong growth in studded jewelry.
The watch division experienced a 16% growth during the festive period, driven by new product launches and premiumization efforts.

Negative

High gold prices have led to sluggishness in the lower price bands, affecting overall buyer growth.
Competitive intensity has increased due to other jewelers leveraging inventory gains from rising gold prices.
Margins are under pressure due to the high gold prices and the impact of gold exchange schemes.
Store openings for Tanishq have been lower than expected due to execution delays, impacting expansion plans.
The eyewear division's growth has been slower than the industry average, with challenges in vertical integration and competition.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

TITN.NS - Titan Company Ltd
Q2 2026 Titan Company Ltd Earnings Call
Nov 04, 2025 / 02:30AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to Titan Company Limited Q2 F 526 earnings conference call. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation controls. Should you need assistance during the conference call, please signal an operator by pressing and 0 on your touchstone phone. Please note that this conference is being recorded. I now have the conference over to Mr. CK Venerraman, managing director from Titan Company Limited.

Thank you and over to you, Mr. Venerraman.

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Unidentified_2 [2]
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