Titan shares near record high ahead of Q3 earnings on Feb 10

Shares

of Titan Company Ltd. gained more than 2% in the morning session on Monday, ahead of the release of its earnings results for the quarter ended December 2025 (Q3FY26).

The company is scheduled to announce its financial results for Q3FY26 on February 10.

Titan Company is a leading manufacturer and retailer of watches, jewellery and eyewear products. Investor sentiment on the company’s stock appears positive ahead of the Q3 results in anticipation of a strong financial performance, following strong business updates for the quarter under review.

As per its Q3 business update released last month, Titan Company’s domestic sales grew 38% year-on-year (YoY), while sales from its international business witnessed a significant 79% jump. Its overall performance in the quarter was led by robust festive demand and continued consumer engagement across key categories.

According to the CNBC-TV18 poll, Titan’s standalone revenue in Q3 is expected to grow 40% year-on-year to ₹22,500 crore compared to ₹16,097 crore reported in the same period last year. The standalone profit after tax (PAT) is estimated to jump 50.5% YoY to ₹1,490 crore in the period versus ₹990 crore last year.

At the operating level, Titan is expected to report a 51% rise in EBITDA (Earnings before Interest, Tax, Depreciation and Amortisation) at ₹2,280 crore compared to ₹1,510 crore witnessed in the same period last year, while its margin is likely to expand to 10.1% versus 9.4% in the year-ago period.

The company’s jewellery business remained the primary growth driver in Q3, delivering a 41% growth, driven by higher average selling prices due to elevated gold prices and stable consumer demand.

Its Tanishq, Zoya, and Mia jewellery brands accounted for a 40% growth, while the ⁠CaratLane brand witnessed a sales growth of 42%.

The watches segment rose by 13%, with sales of analog watches growing by 17%. The smart watches segment, however, dropped 26% in sales. The eyewear business and the emerging business, too, witnessed healthy growth in the quarter under review, rising 16% and 14%, respectively.

Sales of gold coins nearly doubled in Q3FY26 compared to Q3FY25, while the plain gold category registered a sales growth in the late-thirties. The company’s studded business clocked its best performance for FY26 so far, growing in the mid-twenties range.

Shares of Titan rose over 2% to hit an intraday high of ₹4,237.5 apiece on the BSE on Monday, ahead of the announcement of Q3 results. The stock is hovering near its all-time high, trading at 67 times its estimates for the financial year 2026-2027.