Investors on Dalal Street are showing unwavering faith in Titan Company, the Tata Group's renowned jewellery-to-eyewear giant. The stock has clinched its longest winning streak in recent history, closing higher for the eighth week in a row. This impressive run comes amid significant volatility in the broader market, underscoring the company's resilient performance.
Sustained Bull Run and Market Performance
Defying market turbulence, Titan's stock held firm this week, closing 2% higher at ₹3,904. This surge has propelled its cumulative gains over the past eight weeks to a substantial 17.4%. The stock also achieved a fresh milestone, hitting a record high of ₹3,956 per share.
This uninterrupted bull run has significantly boosted the company's valuation. Titan's market capitalisation has swelled by ₹51,212 crore, now standing at an impressive ₹3.46 lakh crore. This solidifies its position as one of the most valued companies within the Tata Group's portfolio.
Q2FY26: The Catalyst for Growth
After facing selling pressure in September, the stock's fortunes reversed in October. The turnaround gained significant momentum following the release of the company's stellar financial results for the second quarter of the fiscal year 2026.
For the quarter ending September, Titan reported a spectacular 59% year-on-year jump in consolidated net profit, which reached ₹1,120 crore. This was driven by robust performance across its business segments. The company's consolidated revenue from operations saw a healthy 22% increase to ₹16,649 crore, up from ₹13,661 crore in the same period last year.
The jewellery division, which contributes over 80% of the company's revenue, remained the primary growth engine. It recorded a 21% YoY growth, reaching ₹14,092 crore (excluding bullion and digi-gold sales). Brands like Tanishq, Mia, and Zoya collectively grew by 18% YoY to ₹12,640 crore, while CaratLane posted an even stronger 32% growth to ₹1,072 crore.
Future Outlook and Strategic Moves
Market analysts maintain a positive outlook on Titan, buoyed by its strong quarterly numbers even in the face of soaring gold prices. The Street is optimistic about the second half of FY26, expecting the ongoing wedding season to sustain elevated sales levels.
In a significant strategic expansion, Titan announced its plan to acquire a controlling stake in Damas Jewellery, a prominent and trusted brand in the Gulf Cooperation Council (GCC) member countries.
Meanwhile, the company's emerging businesses segment, which includes Taneira (Indian dress wear), fragrances, and women’s fashion accessories, is showing improvement. The loss in this segment has narrowed to ₹24 crore from ₹29 crore a year ago.
Titan has proven to be a remarkable wealth creator for its long-term investors. Over the last nine years, including 2025, the stock has closed in the green in eight of them, delivering a massive return of nearly 1,100%. This has significantly multiplied the wealth of investors who trusted the company's business fundamentals. As of the September quarter, retail shareholders held a 16.8% stake in the company, while mutual funds owned 7.84%.
