Titan Company Limited · NSE:TITAN
Titan — Q2 FY2026 Earnings Presentation
76 slides from Titan's earnings presentation, Nov 3, 2025
Slide 1: Exchange filing cover letter
SEC 100 / 2025-26 3rd November 2025 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, C-1, Block G Dalal Street Bandra Kurla Complex Mumbai 400 001 Bandra (E), Mumbai 400 051 Maharashtra, India Maharashtra Scrip Code: 500114 Symbol: TITAN Dear Sir/ Madam,
Slide 2: Earnings Presentation for the Quarter and Half-year ended September 30, 2025
Titan Company Limited Earnings Presentation for the Quarter and Half - year ended September 30, 2025
Slide 3: Disclaimer
Disclaimer This document, prepared by Titan Company Limited (the “Company”/”we”/”our”/”Titan”), is solely for information purposes and does not constitute any offer, invitation, recommendation, invitation to purchase or subscribe to any of Titan’s securities, and shall not form the basis of or be re
Slide 4: The Future We Embrace
About the Company The Titan Story Our Journey So Far Our Business Segments Titan Brands Titan Company Structure Executive Summary Business Performance Financial Performance The Future We Embrace Other Updates 3
Slide 5: The Titan Story
The Titan Story Our Vision We create elevating experiences for the people we touch and significantly impact the world we work in Our Mission We will do this through a pioneering spirit and a caring, value - driven culture that fosters innovation, drives performance, and v ensures the highest global
Slide 6: Our Journey So Far
Our Journey So Far Crossed ₹50,000+ cr Revenue milestone Acqui - hire of HUG Innovations 2025 2022 Acquisition 57,339 2020 2017 2016 2013 Merged 2011 PED and Precision 2009 Gold Plus Tanishq Engineering (PED) 2008 and Titan E - 2007 Commerce Jewellery 2005 facility 2003 inaugrated 1998 1996 1994 and
Slide 7: Titan's Consumer Businesses (1/2)
Titan ’s Consumer Businesses ( 1/2) Jewellery Watches EyeCare India’s Leading Organised India’s Leading India’s Most Trusted Jewellery Retailer Watches Brand Optical Chain ~8% Market share ~27% Analog Market share (India) #2 in Organized Optical Retail segment ~20% Digitally Influenced sales 10,000+
Slide 8: Titan's Consumer Businesses (2/2)
Titan ’s Consumer Businesses ( 2/2) Indian Dresswear Fragrances Women ’s Bags (‘Taneira ’) India’s Leading Fine Thoughtfully designed Bags Pure Handcrafted Weaves Fragrances Brand Taniera Weavershala 900+ Touch points across India 130+ Departmental Stores An initiative by brand ‘ Taneira ’ supportin
Slide 9: Titan Brands - Segmentation Landscape & Brand Size
Titan Brands - Segmentation Landscape & Brand Size Luxury Premium Mid Market Mass Market 0 50 100 150 200 250 300 350 400 450 500 550 600 650 700 750 800 850 900 950 1,000 + Touch Points Note: 1. Bubble size for the brands represents the indicative Business size as of FY25 (not to scale) 2. Touch po
Slide 10: Titan Company Structure
Titan Company Structure Titan Company Limited 100% 100% 100% 100% 100% Titan Engineering & Titan Holdings CaratLane Trading TCL North Titan Commodity Automation Limited International FZCO, Private Limited America Inc Trading Limited (TEAL) Dubai 100% Titan Watch Company Limited, Hong Kong 100% 100%
Slide 11: Executive Summary
About the Company Executive Summary Titan at a Glance Business Highlights Management Commentary Standalone Highlights Consolidated Highlights Business Performance Financial Performance Other Updates Executive Summary 10
Slide 12: Titan at a Glance
Titan at a Glance ₹627bn 9.0% ₹2,990 bn TTM* Total income TTM PBT Margin Market Capitalization on (excl. Bullion & Digi - gold) BSE as on Financial strengths 30 September 2025 3,377 4.9 Mn 436 Stores Retail area ( sq.ft .) Town presence as at Sep - 25 as at Sep - 25 as at Sep - 25 Retail presence 13
Slide 13: Quarter Highlights
Quarter Highlights Titan EyePlus wins global creative accolades: Wins three Bronze Lions at the 2025 Cannes Lions International Festival of Creativity for the ‘Eye Test Menu’ campaign – underscoring Titan’s creative edge and purpose - driven brand storytelling A metal watch with a metal band AI-gene
Slide 14: Management Commentary
Management Commentary The quarter witnessed a slow start and performance progressively improved with the early festive commencement in September . The demand momentum in Navratri was particularly strong leading to a healthy 21% growth in Q 2FY 26 Our Jewellery business, in particular, benefitted imm
Slide 15: Standalone Highlights
Standalone Highlights Emerging Jewellery Watches EyeCare Titan Company Businesses 86 10 10 2 1 1 1 +17.9% 87 +18.8% 14,684 12,458 Total Income 10,763 12,785 + 13.1% +8.5% 1,471 +34.0% 1,301 201 218 106 142 Q2FY25 Q2FY26 Q2FY25 Q2FY26 Q2FY25 Q2FY26 Q2FY25 Q2FY26 Q2FY25 Q2FY26 83 87 17 15 2 1 (2) (1)
Slide 16: Consolidated Highlights
Consolidated Highlights Other Jewellery Watches EyeCare Titan Company Businesses 86 86 10 9 1 1 2 3 +21.0% +20.7% 16,407 Total income +13.3% +8.9% +85.0% 13,557 14,092 11,672 557 1,477 220 301 1,304 202 Q2FY25 Q2FY26 Q2FY25 Q2FY26 Q2FY25 Q2FY26 Q2FY25 Q2FY26 Q2FY25 Q2FY26 82 84 16 13 2 1 0 4 +51.4%
Slide 17: Jewellery
About the Company Executive Summary Business Performance Jewellery Watches EyeCare Emerging Business TEAL Financial Performance Other Updates Jewellery 16
Slide 18: Jewellery: Quarterly Business Performance
Jewellery : Quarterly Business Performance Tanishq, Mia, Zoya • The sharp rise in gold prices and high base effect (of Q 2FY 25) due to the customs duty reduction (then), impacted buyer growths this quarter leading to a marginal decline YoY • Early onset of festive season, coupled with a powerful go
Slide 19: Jewellery: Quarterly Business Performance - CaratLane
Jewellery : Quarterly Business Performance CaratLane • CaratLane (domestic) sustained robust momentum, delivering c.32% YoY growth to ₹1,072 crores underscoring continued traction across both online and retail channels • Category performance was broad - based, led by strong momentum in solitaires an
Slide 20: Jewellery: Business Performance
Jewellery : Business Performance Revenue ( ₹ crores) Q2FY25 Q2FY26 YoY% Tanishq, Domestic Jewellery 11,379 13,532 18.9% Mia, 19% 14% 17.9% Zoya Overall Like to like - Tanishq, Mia, Zoya 10,568 12,460 - CaratLane 811 1,072 32.2% Secondary YoY Growth International Jewellery 292 561 91.8% CaratLane 25
Slide 21: Jewellery: Campaigns
A gold necklace with multi-colored stones Tanishq AI-generated content may be incorrect. • Showcased Srijonis of New Bangaliyana — a soulful Durga Pujo film by Shoojit Sircar celebrating Bengali women who carry tradition forward with love, equality, and courage. • Launched Mriganka, a festive collec
Slide 22: Design Corner - The Zoya x Alice Cicolini Collaboration
Design Corner - The Zoya × Alice Cicolini Collaboration An Artistic Symphony of Craft and Culture Campaign videos embedded as hyperlinks 21
Slide 23: Tanishq celebrates Festive with Aabhaon
Tanishq celebrates Festive with Aabhaon A Tribute to the Spirit of Srijonis A gold and silver necklace A gold necklace with a design A gold sculpture with a swan and a bell A gold and silver ornate object AI-generated content may be incorrect. AI-generated content may be incorrect. AI-generated cont
Slide 24: Jewellery: Retail Network
Jewellery: Retail Network QTD Brand Particulars Jun'25 Additions Sep'25 (Net) Stores - Domestic (#) 504 6 510 Stores - International (#) 22 1 23 Area sq. ft. (k)* 2,437 87 2,524 Town Presence (#) 300 1 301 Stores - Domestic (#) 239 18 257 Stores - International (#) 1 - 1 Area sq. ft. (k) 206 19 225
Slide 25: Watches
About the Company Executive Summary Business Performance Jewellery Watches EyeCare Emerging Business TEAL Financial Performance Other Updates Watches 24
Slide 26: Watches: Quarterly Business Performance
Watches: Quarterly Business Performance • Watches (domestic) business delivered Revenue growth of c.13% YoY to ₹1,446 crores, driven by analog watches segment growing c.17% YoY • Analog volumes rose c.12% YoY aiding in overall growth contribution in the segment. The average selling prices rose by c.
Slide 27: Watches: Quarterly Business Performance
Watches: Quarterly Business Performance Business Performance Secondary Overall Like to Like Q2FY25 Q2FY26 YoY% ( ₹ crores) UCP YoY YoY Domestic 1,276 1,446 13.4% 16% 11% International Watches 29 31 7.0% 27% 14% Total Income 1,304 1,477 13.3% (Watches Business) 14% 10% Total EBIT 196 238 21.6% (Watch
Slide 28: Watches: Campaigns
A screenshot of a phone AI-generated content may be Titan Watches incorrect. • Titan Raga celebrates individuality with ‘Glimmers’ featuring Alia Bhatt – a campaign that captures the brand’s modern femininity and timeless grace • # OnTrend – Light Leathers Collection” (men’s watches) – A refreshed c
Slide 29: Design Corner - Minimalism Perfected - The Titan Edge Ultraslim
Design Corner - Minimalism Perfected - The Titan Edge Ultraslim An ode to timeless design, where every line speaks of precision & purpose Thethe TIME In Edge OBEYS world Ultraslim ofTHE fineMAKER’S is watchmaking, the finest WILL embodiment mastery isofmeasured this belief. notCrafted in speed, with
Slide 30: Watches: Retail Network
Watches: Retail Network QTD Brand Particulars Jun'25 Additions Sep'25 8,500+ 600+ (Net) Multi Brand Large Format Multi Brand Retailers (MBR) Stores (LFS) Stores (#) 724 5 729 Outlet Area sq. ft. (k)* 507 3 510 Presence Town Presence (#) 344 1 345 2,000+ 180+ MBR Town LFS Town Presence Presence Store
Slide 31: EyeCare
About the Company Executive Summary Business Performance Jewellery Watches EyeCare Emerging Business TEAL Financial Performance Other Updates EyeCare 30
Slide 32: EyeCare: Quarterly Business Performance
EyeCare : Quarterly Business Performance • EyeCare’s Total Income grew c.9% YoY to ₹220 crores led by c.8% YoY growth in Business Performance Q2FY25 Q2FY26 YoY% the domestic business to ₹215 crores ( ₹ crores) • Growth remained strong through July Domestic 199 215 8.0% and August with double - digit
Slide 33: EyeCare: Retail Network
EyeCare : Retail Network QTD Brand Particulars Jun'25 Additions Sep'25 (Net) Stores - Domestic (#) 871 - 871 Stores - International (#) 7 - 7 Area sq. ft. (k)* 575 2 576 Town Presence (#) 334 (3) 331 Stores (#) 1 5 6 Area sq. ft. (k) 0.5 1.8 2.3 Town Presence (#) 1 4 5 Note: * - The Area additions (
Slide 34: Emerging Business
About the Company Executive Summary Business Performance Jewellery Watches EyeCare Emerging Business TEAL Financial Performance Other Updates Emerging Business 33
Slide 35: Emerging Business: Quarterly Business Performance
Emerging Business : Quarterly Business Performance In Emerging Businesses, Business Performance Q2FY25 Q2FY26 YoY% • Women's Bags : Q1 growth momentum Operating Revenues ( ₹ crores) sustained in Q2 driven by e - commerce fueled festive sales, delivering c.90% YoY Total Income 106 142 34.0% growth fo
Slide 36: Emerging Businesses: Retail Network
Emerging Businesses: Retail Network QTD Brand Particulars Jun'25 Additions Sep'25 (Net) Stores (#) 81 (2) 79 Area sq. ft. (k) 238 (5) 233 Town Presence (#) 41 - 41 Stores (#) 7 2 9 Area sq. ft. (k) 4 0 5 Town Presence (#) 5 2 7 Stores (#) 1 - 1 Area sq. ft. (k) 0 - 0 Town Presence (#) 1 - 1 35
Slide 37: Other Businesses: Campaigns
A person and person lying on a blanket with sunglasses AI-generated content may be EyeCare incorrect. • Titan Eye+ Collaborated with Metro… In Dino for a stylish “Frame Over” campaign — where the film’s stars and audiences alike embraced fresh new looks with Titan frames. Encouraged viewers to visit
Slide 38: TEAL
About the Company Executive Summary Business Performance Jewellery Watches EyeCare Emerging Business TEAL Financial Performance Other Updates TEAL 37
Slide 39: Titan Engineering & Automation Limited ('TEAL'): Quarterly Business Performance
Titan Engineering & Automation Limited ( ‘TEAL ’) : Quarterly Business Performance • Total Income grew c.112% YoY to ₹415 Cr Particulars ( ₹ crores) Q2FY25 Q2FY26 YoY% • TEAL continues to solidify its presence in its Total Income 196 415 112% automation solutions and manufacturing EBIT 25 94 276% bu
Slide 40: Financial Performance
About the Company Executive Summary Business Performance Financial Performance Statement of Profit and Loss Segment Performance Capital Employed Financial Trends Other Updates Financial Performance 39
Slide 41: Statement of Profit and Loss: Standalone
Statement of Profit and Loss: Standalone Particulars Q2FY25 Q2FY26 YoY% H1FY25 H1FY26 YoY% ( ₹ crores) 12,458 14,684 17.9% Total Income 23,721 27,876 17.5% 1,260 1,729 37.2% EBITDA 2,589 3,468 34.0% 10.1% 11.8% 166 bps % 10.9% 12.4% 153 bps 1,128 1,583 40.3% EBIT 2,331 3,179 36.4% 9.1% 10.8% 173 bps
Slide 42: Statement of Profit and Loss: Consolidated
Statement of Profit and Loss: Consolidated Particulars Q2FY25 Q2FY26 YoY% H1FY25 H1FY26 YoY% ( ₹ crores) 13,557 16,407 21.0% Total Income 25,865 31,186 20.6% 1,358 1,987 46.3% EBITDA 2,725 3,922 43.9% 10.0% 12.1% 209 bps % 10.5% 12.6% 204 bps 1,188 1,799 51.4% EBIT 2,391 3,550 48.5% 8.8% 11.0% 220 b
Slide 43: Segment Performance – Standalone (Quarter)
Segment Performance – Standalone Quarter (Standalone) Total Income ( ₹ crores) EBIT ( ₹ crores) EBIT Margin (%) Particulars “ Q2FY25 Q2FY26” YoY% Q2FY25 Q2FY26 YoY% Q2FY25 Q2FY26 YoY Jewellery [domestic] 10,568 12,460 17.9% 932 1,381 48.1% 8.8% 11.1% 226 bps Watches [domestic] 1,276 1,446 13.4% 195
Slide 44: Segment Performance – Standalone (Half Year)
Segment Performance – Standalone Half Year (Standalone) Total Income ( ₹ crores) EBIT ( ₹ crores) EBIT Margin (%) Particulars ” H1FY25 H1FY26” YoY% H1FY25 H1FY26 YoY% H1FY25 H1FY26 YoY Jewellery [domestic] 20,187 23,676 17.3% 2,021 2,702 33.7% 10.0% 11.4% 140 bps Watches [domestic] 2,274 2,685 18.1%
Slide 45: Segment Performance - Consolidated (Quarter)
Segment Performance - Consolidated Quarter (Consolidated) Total Income ( ₹ crores) EBIT ( ₹ crores) EBIT Margin (%) Particulars” Q2FY25 Q2FY26 YoY% Q2FY25 Q2FY26 YoY% Q2FY25 Q2FY26 YoY Jewellery [domestic] 10,568 12,460 17.9% 932 1,381 48.1% 8.8% 11.1% 226 bps CaratLane [domestic] 811 1,072 32.2% 61
Slide 46: Segment Performance - Consolidated (Half Year)
Segment Performance - Consolidated Half Year (Consolidated) Total Income ( ₹ crores) EBIT ( ₹ crores) EBIT Margin (%) Particulars “ H1FY25 H1FY26 YoY% H1FY25 H1FY26 YoY% H1FY25 H1FY26 YoY Jewellery [domestic] 20,187 23,676 17.3% 2,021 2,702 33.7% 10.0% 11.4% 140 bps CaratLane [domestic] 1,549 2,098
Slide 47: Capital Employed: Standalone
Capital Employed : Standalone Emerging Jewellery Watches EyeCare Businesses Titan Company Assets 4,659 4,446 691 608 51,701 33,955 649 522 40,104 23,916 Equity 10,354 292 17,832 3,120 254 300 3,208 258 14,972 7,357 Liabilities 23,601 33,869 16,559 395 399 308 25,132 1,539 264 1,238 Q2FY25 Q2FY26 Q2F
Slide 48: Capital Employed: Consolidated
Capital Employed : Consolidated Other Jewellery Watches EyeCare Titan Company Businesses Assets 39,375 52,030 4,544 4,715 706 662 38,826 27,598 1,859 Equity 11,485 1,477 12,803 264 305 9,736 8,166 3,288 3,166 926 Liabilities 708 39,227 27,890 19,432 29,090 398 401 933 1,256 1,549 769 Q2FY25 Q2FY26 Q
Slide 49: Consolidated: Quarterly Performance Trends
Consolidated: Quarterly Performance Trends Total Income ( ₹ crores) and YoY Growth (%) 14,110 13,557 17,582 16,407 26% 11,069 24% 11,440 25% 25% 13,891 14,778 24% 21% 21% 12,308 21% 20% 21% 19% 11,383 10,835 9,131 9,419 8,742 13% 11% Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25
Slide 50: Standalone: RoACE (%) Performance Trends
Standalone: RoACE (%) Performance Trends EBIT ( ₹ crores) Average Capital Employed ( ₹ crores) 6,096 5,087 4,948 5,248 19,465 19,762 4,707 4,851 4,465 16,618 16,534 3,178 13,013 2,597 12,073 9,623 10,340 1,551 8,306 8,359 1,224 Mar-21 Sep-21 Mar-22 Sep-22 Mar-23 Sep-23 Mar-24 Sep-24 Mar-25 Sep-25 Re
Slide 51: Standalone: RoE (%) Performance Trends
Standalone: RoE (%) Performance Trends PAT ( ₹ crores) Average Equity ( ₹ crores) 3,896 15,634 16,402 3,335 3,401 3,542 3,335 3,179 3,301 13,787 13,226 11,467 2,231 10,684 1,787 8,463 9,103 7,189 7,218 1,014 756 Mar-21 Sep-21 Mar-22 Sep-22 Mar-23 Sep-23 Mar-24 Sep-24 Mar-25 Sep-25 Return on Average
Slide 52: Consolidated: RoACE (%) Performance Trends
Consolidated: RoACE (%) Performance Trends EBIT ( ₹ crores) Average Capital Employed ( ₹ crores) 6,647 14,938 15,201 14,390 14,458 5,242 5,488 13,221 4,911 5,130 12,221 4,508 4,747 10,408 9,710 3,176 8,330 8,334 2,580 1,530 1,202 Mar-21 Sep-21 Mar-22 Sep-22 Mar-23 Sep-23 Mar-24 Sep-24 Mar-25 Sep-25
Slide 53: Consolidated: RoE (%) Performance Trends
Consolidated: RoE (%) Performance Trends PAT ( ₹ crores) Average Equity ( ₹ crores) 4,129 11,365 11,100 11,270 10,618 10,649 10,509 3,321 3,496 3,337 3,219 3,274 3,243 9,023 8,417 2,252 7,087 7,072 1,757 974 693 Mar-21 Sep-21 Mar-22 Sep-22 Mar-23 Sep-23 Mar-24 Sep-24 Mar-25 Sep-25 Return on Average
Slide 54: Consolidated: Annual Performance Trends
Consolidated: Annual Performance Trends Total Income ( ₹ crores) & YoY Growth (%) PBT ( ₹ crores) and PBT Margin (%) PAT ( ₹ crores) and PAT Margin (%) 4,623 4,535 3,274 4,447 3,496 3,337 57,339 2,958 38% 12% 7.9% 8.5% 37% 47,454 11% 7.4% 38,675 10% 2,198 23% 8% 5.8% 27,988 21% 7% 4.8% 20,474 1,327
Slide 55: Consolidated: Annual Segment Trends
Consolidated: Annual Segment Trends Jewellery Watches EyeCare Total Income ( ₹ crores) and YoY Growth (%) Total Income ( ₹ crores) and YoY Growth (%) Total Income ( ₹ crores) and YoY Growth (%) 38% 4,598 689 36% 50,362 46% 43% 3,930 38% 801 41,361 33% 726 3,310 33,706 19% 17% 23% 22% 2,317 517 10% 2
Slide 56: Other Updates
About the Company Executive Summary Business Performance Financial Performance Other Updates Dividend Shareholding information Awards & Recognition ESG at Titan Other Updates 55
Slide 57: Shareholding Information
Shareholding Information Shareholding Pattern as at 30 September 2025 Stock Information BSE Ticker 500114 18.04% 5.13% NSE Ticker TITAN BSE Market Capitalization (30 th September 2025) ₹2.99 lakh crores Number of Shares Outstanding 88.78 crores BSE Market Capitalization ( ₹ crores) 7.84% 52.90% Sep-
Slide 58: Dividend
Dividend Dividend 977 977 355 888 11.00 11.00 40% 666 10.00 231 444 195 333 7.50 32% 30% 355 31% 29% 28% 29% 28% 27% 23% 5.00 3.75 4.00 4.00 2.60 2.20 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 Note: 1. Amounts in Orange boxes refer to Total Dividend Payout for the respective years in ₹ crore
Slide 59: Awards & Recognitions
Awards & Recognitions Rajeshwari U, Head of Titan named as the 3 Awards for Jewellery Watches ISCM Hosur Assembly at Titan’s ‘Powerhouse for Manufacturing (‘ISCM’) in honored with the Watches Factory in Hosur CDF Conclave - Strides’25 “Award of Honor” in Volunteering’ in the honoured as “Woman the c
Slide 60: Pragati Vision & Goals
Pragati Vision & Goals Elevate the experiences for everyone we touch, by creating a sustainable, responsible, & equitable world ENVIRONMENTAL GOVERNANCE GOALS (FY30) GOALS (FY30) • Global Benchmarks & Certifications in Ethics • Water Positive • National Benchmarks in Data Privacy & • Net Zero Carbon
Slide 61: ESG at Titan – Overview Q2FY26
ESG at Titan – Overview Q2FY26 Sourced 0.62 crore units Water storing capacity 10,000+ enhanced by (KwH ) trees planted 3.6cr litres of renewable energy for our Environment manufacturing plants and offices Empowered Gender Diversity 1,000+ 830 + Females represent 86,000 + 50,000+ Individual lives en
Slide 62: CSR at Titan – Q2 Key Initiatives
CSR at Titan – Q 2 Key Initiatives 40 New Learning Centers commenced 85 / 153 of the Persons 72 at - risk women are 100% of the visually impaired operations under Titan Kanya (in H1) with Physical Disabiltieis undergoing training children from the schools Secured 85% + engagement of Girl (‘PwDs’ ) t
Slide 63: Sustainability at Titan – Q2 Key Initiatives
Sustainability at Titan – Q 2 Key Initiatives Planet Responsible c itizenship & • Handover of Safety Gunduperumbedu Titan received initiatives at our factories lake - 26cr ltrs of water multiple national and regional awards for augmented excellent • In Watches 61.5 tons of STP • Installed emission c
Slide 64: Annexures
Annexures ~ STUTUTATATATATATATATATATATATATATATATATATATATATATATATATATATATATATATATATATATATATATATATATATATATATATATATATATATATATATATATATATATATATATATATATATATATATATATATATATATATATATATATATATATATATATATATAYATATITATATATATATATATATATATATATATAT
Slide 65: Jewellery: Quarterly Trends (Standalone)
Jewellery: Quarterly Trends (Standalone) Total Income ( ₹ crores) and YoY Growth (%) 10,763 14,697 11,232 11,709 26% 26% 12,785 24% 9,070 8,998 25% 11,521 8,575 23% 7,203 9,518 9,879 18% 19% 19% 19% 19% 7,600 7,576 17% 11% 9% Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1
Slide 66: Jewellery: Quarterly Trends (Consolidated)
Jewellery: Quarterly Trends (Consolidated) Total Income ( ₹ crores) and YoY Growth (%) 15,848 12,552 12,112 26% 26% 14,092 25% 24% 24% 22% 23% 12,797 21% 11,672 21% 10,131 10,730 19% 18% 9,754 9,263 9,792 7,995 7,515 8,065 13% 10% Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'
Slide 67: Watches: Quarterly Trends (Standalone)
Watches: Quarterly Trends (Standalone) Total Income ( ₹ crores) and YoY Growth (%) 1,471 1,092 1,301 1,264 40% 1,128 1,126 982 1,021 829 871 890 940 785 811 32% 24% 21% 21% 19% 20% 15% 13% 15% 15% 13% 8% Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 FY23: 3,296;
Slide 68: Watches: Quarterly Trends (Consolidated)
Watches : Quarterly Trends (Consolidated) Total Income ( ₹ crores) and YoY Growth (%) 1,477 1,304 1,273 41% 1,137 1,092 1,023 1,134 913 986 939 830 883 786 811 32% 24% 21% 22% 19% 21% 14% 16% 15% 12% 13% 6% Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 FY23: 3,3
Slide 69: EyeCare: Quarterly Trends (Standalone)
EyeCare : Quarterly Trends (Standalone) Total Income ( ₹ crores) and YoY Growth (%) 236 209 192 218 23% 203 201 194 183 188 167 174 167 165 166 16% 16% 12% 13% 11% 11% 7% 9% 5% 3% 1% - 4% Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 FY23: 689; 33% FY24: 724; 5.
Slide 70: Income Details – Q2FY26
Income Details – Q2FY26 Income Particulars Standalone Consol. Tanishq, Emerging Watches EyeCare Corporate Financial CaratLane "International Business" TEAL Other Adj.* Financial ( ₹ crores) Mia, Zoya Businesses Statement Statement (F) = (L) = "Jewellery "Others (A) (B) (C) (D) (E) (A+B+C+D+ (G) (J)
Slide 71: Income Details – H1FY26
Income Details – H1FY26 Income Particulars Standalone Consol. Tanishq, Emerging Watches EyeCare Corporate Financial CaratLane "International Business" TEAL Other Adj.* Financial ( ₹ crores) Mia, Zoya Businesses Statement Statement (F) = (L) = "Jewellery "Others (A) (B) (C) (D) (E) (A+B+C+D+ (G) (J)
Slide 72: Statement of Profit and Loss: Standalone
Statement of Profit and Loss: Standalone Profit and Loss statement Q2FY25 Q2FY26 YoY% H1FY25 H1FY26 YoY% (in ₹ crores) 12,268 14,501 18.2% Sale of products / services 23,373 27,541 17.8% 947 2,033 114.7% Other operating revenue 1,895 3,557 87.7% 127 109 (14.2%) Other Income 245 216 (11.8%) 13,342 16
Slide 73: Statement of Profit and Loss: Consolidated
Statement of Profit and Loss: Consolidated Q4FY24 Profit and Loss statement Q2FY25 Q2FY26 YoY% H1FY25 H1FY26 YoY% (in ₹ crores) 13,473 16,461 22.2% Sale of products / services 25,696 31,275 21.7% 1,061 2,264 (113.4%) Other operating revenue 2,104 3,973 88.8% 122 112 (8.2%) Other Income 242 217 (10.3
Slide 74: Standalone Balance Sheet
Standalone Balance Sheet ₹ crores) Change Particulars (in Mar - 25 Sep - 25 (absolute values) Fixed Assets 1,561 1,615 55 Right of use asset 1,449 1,554 105 Intangible Assets 103 103 (1) Investments 6,386 6,795 409 Other non - current assets 1,132 1,181 49 Non - Current Assets 10,631 11,248 618 Inve
Slide 75: Consolidated Balance Sheet
Consolidated Balance Sheet ₹ crores) Change Particulars (in Mar - 25 Sep - 25 (absolute values) Fixed Assets 1,948 2,024 76 Right of use asset 1,774 1,863 89 Intangible Assets 322 341 19 Goodwill 123 127 4 Investments 651 1,062 411 Other non - current assets 1,395 1,539 144 Non - Current Assets 6,21
Slide 76: Thank You!
Thank You! For any queries, please email at investor - relations@titan.co.in The Future We Embrace 75