Tanishq's revenue rises 20% to ₹14,935 crore in second quarter

Tata Group's jewellery brand Tanishq has delivered a stellar performance in the second quarter of the financial year 2026-27, despite the surge in gold prices and a decline in purchase volumes. According to a report by Sandesh (Business), the combined revenue of Tanishq, Mia, and Zoya rose 20% year-on-year to reach ₹14,935 crore. Titan's total Indian jewellery business revenue was recorded at ₹16,343 crore with a 21% increase, while CaratLane's revenue grew by 31% to ₹1,408 crore.

Due to the rise in gold prices, there was a decline of approximately 20% in jewellery purchase volumes in India during this quarter. Nevertheless, the total expenditure by customers on jewellery increased by 16%, indicating that customers were paying higher prices despite purchasing lower-weight jewellery. During this period, sales of diamond-studded jewellery grew by more than 30%, which served as a major support for Titan. On the other hand, there was a decline in the sale of low-margin gold coins, which benefited the company's product mix.

Regarding business expansion, Titan opened 42 new jewellery stores in India during the September quarter, including 7 Tanishq, 18 Mia, and 13 CaratLane stores. Internationally, Tanishq has also launched a new store in Los Angeles, USA. Titan's international jewellery business revenue more than doubled to ₹1,152 crore, with the combined international revenue of Tanishq, Mia, and CaratLane rising 41% to ₹788 crore. The company stated that demand for Tanishq in North America has been very strong.

Titan's net profit for the September quarter rose to ₹2,393 crore from ₹1,120 crore last year, significantly exceeding the market estimate of ₹1,473 crore. This profit includes a one-time accounting gain of ₹671 crore; even after excluding this, the profit grew by 54% to ₹1,722 crore. The total revenue from the company's products and services increased by 23.5% to ₹20,337 crore.

Managing Director Ajay Chavla stated that although the festive shopping season shifted to the next quarter, customer demand remained strong during most of the period. Additionally, the company's watch business revenue grew 27% to ₹1,881 crore and the eyewear business revenue grew 28% to ₹281 crore. Emerging businesses such as Skin, Earth, and Taneira also recorded a growth of 21%.