TITANNSE3 November 2025

Titan Company Limited has informed the Exchange about Investor Presentation

Titan Company Limited

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SEC 100 / 2025-26 3rd November 2025

BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai 400 001 Maharashtra, India Scrip Code: 500114

Dear Sir/ Madam,

National Stock Exchange of India Limited

Exchange Plaza, C-1, Block G Bandra Kurla Complex Bandra (E), Mumbai 400 051 Maharashtra Symbol: TITAN

Sub: Second Quarter Earnings presentation for FY 2025-26 - Investors Presentation

Further to our communication dated on 17th October 2025, attached is a copy of the earnings presentation for the second quarter ended 30th September 2025 as required under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Yours truly, For TITAN COMPANY LIMITED

Dinesh Shetty General Counsel & Company Secretary

Encl. As stated

Titan Company Limited `INTEGRITY` #193 Veerasandra Electronics City P.O. Off Hosur Main Road, Bangalore 560100 India. Tel: 9180 6704 7000 Fax: 9180 6704 6262 Registered Office 3, Sipcot Industrial Complex Hosur 635 126 TN India. Tel-91 4344 664 199 Fax 91 4344 276037, CIN: L74999TZ1984PLC001456 www.titancompany.in

Titan Company Limited

Earnings Presentation for the Quarter and Half

- year ended September 30, 2025

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 relied on in connection with any contract or binding commitment whatsoever.

Certain statements are included in this release containing words or phrases such as “will,” “aim,” “will likely result,” “believe,” “expect,” “will continue,” “anticipate,” “estimate,” “intend,” “plan,” “contemplate,” “seek to,” “future,” “objective,” “goal,” “project,” “should,” “will pursue” and similar expressions or variations of these expressions, that are “forward suggested by these forward - looking statements due to certain risks or uncertainties associated with our expectations with respect to, but not limited to, our ability to implement our strategy successfully, the market acceptance of and demand for our products, our growth and expansion, the adequacy of our allowance for credit to franchisees, dealers and distributors, technological changes, volatility in income, cash flow projections and our exposure to market and operational risks. By their nature, certain market risk disclosures are only estimates and could be materially different from what may actually occur in the future. As a result, actual future gains, losses or impact on net income could materially differ from those that have been estimated.

- looking statements”. Actual results may differ materially from those

In addition, other factors that could cause actual results to differ materially estimates in the forward looking statements include, but are not limited to, general economic and geo India and the other countries that have an impact on our business activities; inflation, unanticipated variance in interest rates, foreign exchange rates, the prices of raw material including gold and diamonds, or other rates or prices, changes in Indian and foreign laws and regulations, Acts of God, acts of terrorism, acts of war and pandemics, tax and accounting regulations, and changes in competition and the pricing environment in India. The Company may, from time to time make additional written and oral forward Company’s filings with SEBI and the Stock Exchanges and in our reports to shareholders. The Company does not undertake to update any forward or on behalf of the Company, to reflect events or circumstances after the date thereof.

- looking statements, including statements contained in the

- looking statements that may be made from time to time by

- political conditions in

2 2

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

The Titan Story

Our Values and Beliefs

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 ensures the highest global standards in everything we do

Customer First Customers take precedence over all else, always.

People Make the Brand Titanians are at the heart of our success and that is why their dreams and aspirations are at the forefront of our brand policy.

Culture and Teamwork High Performance is the way of life

Passion for Excellence In all our pursuits, we ceaselessly strive for excellence.

Creativity and Innovation Driven by innovation and creativity, we focus on smarter approaches and newer technologies

Corporate Citizenship We ensure that a part of our resources is invested for the betterment of the environment and community.

4 4

Our Journey So Far

Jewellery facility inaugrated

1996

1994

Company incorporation

1987

1984

Crossed ₹50,000+ cr Revenue milestone

Acqui - hire of HUG Innovations

2022

2020

2025

57,339

Acquisition

2017

2016

and Precision Engineering (PED)

2008

2007

2005

2011

2009

2013

and Titan E - Commerce

Merged PED

Gold Plus Tanishq

2003

1998

and Golden Harvest Scheme

11,343

2,996

Commenced watch production

FY84

FY87

FY94

354

FY96

808

FY03

FY98

FY05

FY07

FY08

FY09

FY11

FY13

FY16

FY17

FY20

FY22

FY25

Revenue ( ₹ crores)

Titan ’s Consumer Businesses (

1/2)

Jewellery India’s Leading Organised Jewellery Retailer

Watches India’s Leading Watches Brand

~8% Market share

~27% Analog Market share (India)

EyeCare India’s Most Trusted Optical Chain

#2 in Organized Optical Retail segment

~20% Digitally Influenced sales

10,000+ PAN India Touchpoints

850+ Exclusive Brand Outlets

Manufacturing Capabilities • Plants in Hosur, Pantnagar • Product development center in Mumbai • KC/KP in Midnapore

Manufacturing Capabilities • Manufacturing facilities in Hosur and

Coimbatore

• Assembly facilities in Roorkee,

Pantnagar ,

and Sikkim

Manufacturing Capabilities • Manufacturing facilities at • Lens Lab facilities at Noida and Kolkata

Chikkaballapur

Note: 1. Market share data based on internal estimates; All numbers are as on March 31, 2025

Titan ’s Consumer Businesses (

2/2)

Indian Dresswear (‘Taneira ’) Pure Handcrafted Weaves

Fragrances India’s Leading Fine Fragrances Brand

Women ’s Bags Thoughtfully designed Bags

Taniera Weavershala An initiative by brand ‘ Taneira ’ supporting weavers with technical expertise and improving their working conditions

900+ Touch points across India for brands ‘Skinn’ & ‘Fastrack’ Including presence at Titan World and Fastrack Outlets

130+ Departmental Stores

Presence for brands ‘ ‘Fastrack’

Irth’ and

100+ Clusters*

3,000+ Multi- Brand Outlets

75+ Exclusive Taneira Brand Outlets

10 Skinn Kiosks

6 Exclusive Irth Brand Outlets

Note: Market share data based on internal estimates; All numbers are as on March 31, 2025; *

- Clusters represent regions of India with distinct traditional handloom weaving practices

Titan Brands

- Segmentation Landscape & Brand Size

Luxury

Premium

Mid Market

Mass Market

100

150

200

250

300

350

400

450

500

550

600

650

700

750

800

850

900

950

1,000

Note: 1. 2.

Bubble size for the brands represents the indicative Business size as of FY25 (not to scale) Touch points refer to the physical brand presence across exclusive retail outlets, large format stores and other channels as

Touch Points

app licable for the respective brands

Titan Company Structure

Titan Company Limited

100%

Titan Engineering & Automation Limited (TEAL)

CaratLane Trading Private Limited

TCL North America Inc

Titan Holdings International FZCO, Dubai

Titan Commodity Trading Limited

100%

TEAL USA Inc.

StudioC Inc., USA

Note: 1. Minority stake in other Companies are not included in the above structure 2.

Company Structure is as of 30

th September 2025

100%

Titan Watch Company Limited, Hong

Kong

100%

Titan Global Retail LLC, Dubai

Titan International QFZ LLC, Qatar

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

Titan at a Glance

Financial strengths

Retail presence

People and network

₹627bn

TTM* Total income (excl. Bullion & Digi

- gold)

9.0%

TTM PBT Margin

₹2,990 bn

Market Capitalization on BSE as on 30 September 2025

3,377

Stores as at Sep - 25

4.9 Mn

Retail area (

sq.ft .)

as at Sep - 25

436

Town presence as at Sep - 25

13,200

Employees on roll as at Sep - 25

45 Mn

Encircle Members as at Sep - 25

Manufacturing and Assembly facilities

TTM: Trailing twelve months All figures are on a consolidated basis; Town presence includes International locations

Quarter Highlights

Titan Edge earns global recognition for design excellence :

Titan Edge Ultraslim shortlisted at the Grand Prix d’Horlogerie de Genève – reaffirming Titan’s design leadership and watchmaking innovation on the global stage

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 storytelling A metal watch with a metal band AI-generated content may be incorrect.

- driven brand

Campaign videos and award highlights embedded as hyperlinks

Management Commentary

The quarter witnessed a slow start and performance progressively . The improved with the early festive commencement demand momentum in Navratri was particularly strong leading to a healthy 21% growth in Q 2FY 26

in September

Our Jewellery business, in particular, benefitted immensely from this late surge underscoring the enduring consumer affinity for our brands of Tanishq,

Mia, Zoya and CaratLane

Titan announced its plan to acquire a controlling During the quarter, stake in ‘Damas Jewellery’, one of the most prominent and trusted brands in the GCC region . This acquisition marks a significant step to delivering forward in our ambitions, exceptional

value to our customers globally

reinforcing our commitment

With the festive season driving positive consumer sentiment, we remain focused on strengthening brand salience and accelerating growth across all our businesses

- Mr. C K Venkataraman, Managing Director

Standalone Highlights

Jewellery

Watches

EyeCare

Emerging

Businesses

+18.8%

10,763

12,785

e m o c n

a t o T

+13.1%

1,301

1,471

+8.5%

201

218

+34.0%

106

142

Titan Company

+17.9%

14,684

12,458

Q2FY25

Q2FY26

Q2FY25

Q2FY26

Q2FY25

Q2FY26

Q2FY25

Q2FY26

Q2FY25

Q2FY26

(2)

(1)

+48.2%

1,381

T I B E

932

8.7%

10.8%

+23.2%

239

16.2%

194

14.9%

- 50.0%

11.9%

5.5%

Q2FY25

Q2FY26

Q2FY25

Q2FY26

Q2FY25

Q2FY26

Note: • • • • •

Figures in ₹ crores, unless stated otherwise; Bubble figures represent % contributions of the respective Businesses as a % of the Total fo Total Income in Jewellery and Titan Company excludes Bullion sales of Emerging Businesses include Taneira , Fragrances & Women’s Bags Titan Company figures include Corporate segment International Business Division’s sales to group companies and profits thereof are included in the Total Income and EBIT of t

₹1,959 crores in Q2FY26 and ₹884 crores in Q2FY25

+40.4%

1,583

1,128

9.1%

10.8%

Q2FY25

Q2FY26

(27.4%)

(16.9%)

(29)

(24)

Q2FY25

Q2FY26

r the respective periods

he respective Divisions above

Consolidated Highlights

Jewellery

Watches

EyeCare

Other

Businesses

+20.7%

14,092

11,672

e m o c n

a t o T

+13.3%

1,477

1,304

+8.9%

202

220

+85.0%

557

301

Titan Company

+21.0%

13,557

16,407

Q2FY25

Q2FY26

Q2FY25

Q2FY26

Q2FY25

Q2FY26

Q2FY25

Q2FY26

Q2FY25

Q2FY26

+54.6%

1,506

T I B E

974

8.3%

10.7%

+21.4%

238

16.1%

196

15.0%

- 45.5%

10.9%

5.5%

12.6%

(1.3%)

(4)

Q2FY25

Q2FY26

Q2FY25

Q2FY26

Q2FY25

Q2FY26

Q2FY25

Q2FY26

+51.4%

1,799

1,188

8.8%

11.0%

Q2FY25

Q2FY26

Note: • • • Other Businesses include • •

- gold sales of ₹2,430 crores in Q2FY26 ( ₹1,099 crores in Q2FY25)

r the respective periods

Taneira , Fragrances, Women’s Bags & TEAL

Titan Company figures include Corporate segment International Business Division’s sales to group companies and profits thereof are included in the Total Income and EBIT of t

he respective Divisions above

About the Company

Executive Summary

Business Performance

Jewellery

Watches

EyeCare

Emerging Business

TEAL

Financial Performance

Other Updates

Jewellery

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

gold exchange campaign and gold rate

led offers enabled a change in consumer sentiments aiding overall growth

• The Tanishq, Mia & Zoya (‘Jwl. Domestic’) portfolio delivered a c.18% YoY growth to ₹12,460 crores with like- to- like retail growth of c.14% YoY . Sales growth was driven entirely by higher ticket sizes compared to Q 2FY 25

• Within the mix, gold jewellery grew c.13% YoY, coins grew c.65 % YoY reflecting investment - led while studded grew at a steady c.16% YoY driven by new collections and ‘Festival of

demand, Diamonds’

• Jwl. Domestic EBIT stood at ₹1,381 crores (11.1% margin) ; EBIT margins were under pressure on account of skewed product mix resulting from (a) higher gold coin sales (b) reduced studded margins on account of gold price jump and (c) investments in exchange offers & campaigns to drive growth

• The International

Jewellery business sustained its growth trajectory with c.92% YoY growth to

₹561 crores, supported by robust growths across UAE and North America

25 stores (net) were added in the quarter

Campaign videos embedded as hyperlinks

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 and healthy 24% YoY growth in the studded portfolio

Targeted promotions bundling coins resonated well with customers, aiding conversions and ticket size increase

The operating EBIT rose to ₹109 crores (clocking 10.1% margin), benefiting from disciplined cost management

initiatives and operating leverage

10 stores (net) were added in the quarter

Campaign videos embedded as hyperlinks

Jewellery : Business Performance

Revenue ( ₹ crores)

Domestic Jewellery

- Tanishq, Mia, Zoya

- CaratLane

International Jewellery

Q2FY25

Q2FY26

YoY%

11,379

13,532

10,568

12,460

811

292

1,072

561

18.9%

17.9%

32.2%

91.8%

Total Income (Jewellery Business)

11,672

14,092

20.7%

EBIT (₹ crores) Domestic Jewellery

EBIT Margin %

- Tanishq, Mia, Zoya*

EBIT Margin %

- CaratLane

EBIT Margin %

International Jewellery

EBIT Margin %

Total EBIT (Jewellery Business)

EBIT Margin %

Q2FY25* Q2FY26

YoY%

50.0%

1,490

11.0%

228 bps

1,381

48.1%

11.1%

226 bps

109

78.3%

10.1%

262 bps

2.8%

1,506

54.6%

10.7%

234 bps

993

8.7%

932

8.8%

7.5%

(19)

(6.6%)

974

8.3%

Secondary YoY Growth

Tanishq, Mia, Zoya

CaratLane

19% Overall

25 % Overall

14% Like to like

15% Like to like

Product Mix % of Domestic Jewellery (incl. CaratLane)

Q2FY25

Q2FY26

34%

66%

Gold, Coins, Others

Studded

*Q2FY25 EBIT had an impact of

₹290 crores due to custom duty reduction in gold . The adjusted EBIT growth % for Q2FY26 considering the CD impact is c.13% Yo

A gold necklace with multi-colored stones

AI-generated content may be incorrect.

A screenshot of a website

AI-generated content may be incorrect.

•

Tanishq • 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 collection that showcases a mythical realm of floating palaces and ethereal beauty — where imagination and tradition unite in celebration of the modern Tanishq woman Mia • Unveiled Precious Everyday & Mia Manifest festive campaigns featuring Aneet Padda, reflecting the brand’s confident, expressive spirit. Marked a milestone of 250+ stores nationwide with the launch of its flagship South Extension boutique in Delhi

• Celebrated the Joy of Gifting in Rakhi with a heartwarming multi

- brand collaboration with Swiggy

Instamart , FNP & Cadbury Celebrations, Mia added sparkle & sentiment to every sibling bond

Zoya • Introduced a poetic collaboration with designer Alice celebrating enamel artistry, tradition, and the soul of craftsmanship inspired by Alexandra David - Néel’s journey of wonder and perseverance

Cicolini — a dialogue between cultures

•

Launched Whispers from the Valley, an evocative ode to the changing seasons of Kashmir, capturing its serene beauty and timeless grace through Zoya’s lens of fine artistry

A person wearing a black dress

AI-generated content may be incorrect.

CaratLane • Celebrating belonging & connections through regional storytelling

— from Bappacha Ashirwad &

Mayer Ashirbad to festive moments like Teej & Rakhi, CaratLane brought India’s many celebrations to life

•

Launched four captivating collections Artistry, & 22Kt Jewellery Lit Diamonds - each blending modern design with heartfelt emotion

- F.R.I.E.N.D.S., Peepall:The Radiant You, Maaya: Mirage of

Jewellery : Campaigns

Campaign videos embedded as hyperlinks

Design Corner The Zoya × Alice Cicolini An Artistic Symphony of Craft and Culture

Collaboration

Campaign videos embedded as hyperlinks

Tanishq celebrates Festive with A Tribute to the Spirit of

Srijonis

Aabhaon

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.

A gold ornate object with text

AI-generated content may be incorrect.

Campaign videos embedded as hyperlinks

Jewellery: Retail Network

Brand

Particulars

Jun'25

QTD Additions (Net)

Stores - Domestic (#)

Stores - International (#)

Area sq. ft. (k)*

Town Presence (#)

Stores - Domestic (#)

Stores - International (#)

Area sq. ft. (k)

Town Presence (#)

Stores (#)

Area sq. ft. (k)

Town Presence (#)

Stores - Domestic (#)

Stores - International (#)

Area sq. ft. (k)

Town Presence (#)

504

2,437

300

239

206

331

441

145

Sep'25

510

2,524

301

257

225

101

341

448

149

Note: * - The Area additions (net) include existing store refurbishments. Hence the store additions (net) and the Area additions (net)

do not have a direct 1:1 co - relation

About the Company

Executive Summary

Business Performance

Jewellery

Watches

EyeCare

Emerging Business

TEAL

Financial Performance

Other Updates

Watches

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

A person sitting at a table with a watch

AI-generated content may be incorrect.

•

Analog volumes rose c.12% YoY aiding in overall growth contribution in the segment. The average selling prices rose by c.8% YoY

Titan brand, driven by premiumization trends, was the growth leader by a healthy distance clocking robust double

- digit volume growth.

Premiumization trends are also visible within Sonata wherein the higher price band products have been contributing to Average Selling Price (‘ASP’) increase - digit ASP growth for the brand and leading to double

Fastrack’s new launches and youth low double - digit volume growth over the last 2

–3 quarters

- focused initiatives have enabled sustained

Smart Watches segment was lower by c.22% YoY led by drop in volumes whereas average selling prices were higher compared to Q2FY25

The same store retail growth across key retail formats were in healthy double digits

The strong Revenue momentum translated into operating leverage gains driving EBIT for the business to ₹238 crores at a 16.1% margin

15 stores (net) were added in the quart

Campaign videos embedded as hyperlinks

Watches: Quarterly Business Performance

Business Performance (₹ crores)

Q2FY25

Q2FY26

YoY%

Secondary UCP

Overall YoY

Like to Like YoY

Domestic

1,276

1,446

13.4%

International Watches

7.0%

Total Income (Watches Business)

Total EBIT (Watches Business)

1,304

1,477

13.3%

196

238

21.6%

EBIT Margin %

15.0%

16.1%

111 bps

LFS

16%

27%

14%

11%

14%

10%

A screenshot of a phone

AI-generated content may be incorrect.

Titan Watches

•

Titan Raga celebrates individuality with ‘Glimmers’ featuring Alia Bhatt captures the brand’s modern femininity and timeless grace # OnTrend – Light Leathers Collection” (men’s watches) # OnTrend banner, promoting Titan’s new Light Leathers collection with suede straps and domed glass dials for the warmer months

– A refreshed campaign under the

– a campaign that

A person in a silver suit

AI-generated content may be incorrect.

Fastrack

•

- inspired by the cosmic fantasies of space, crafted for the surreal

Launched the UFO collection explorer and Overdrive Tachymeter collection octane F1 fashion. Introduced “ Flipping the Script on Watch Styling” and “Talk to the Hands” challenging watch styling norms and driving youth engagement this season

— Bold, dynamic designs taking cues from high

Watches : Campaigns

Campaign videos embedded as hyperlinks

Sonata

•

Launched the Festive Collection and Sonata Chronos craftsmanship, capturing the spirit of modern India • Hosted the Sonata Premier League 2.0 in Sri Lanka

— where bold design meets timeless

— the brand’s first - ever international event,

celebrating a historic milestone with 2,500 top retailers and 250 star 6,700+.

- performers from a network of

Premium Brands

•

International Brands like Police, Kenneth Cole launched their Fall powerful mix of sporty chronographs, contemporary case shapes, and elevated detailing, designed for the fashion - forward urban consume

- Winter ‘25 collection introducing a

• Aigner Watches launched their new Swiss Collection that blend iconic heritage with modern

sophistication, appealing both collectors and everyday luxury seekers

Design Corner Minimalism Perfected An ode to timeless design, where every line speaks of precision & purpose

- The Titan Edge Ultraslim

TIME OBEYS THE MAKER’S WILL The Edge Ultraslim is the finest embodiment of this belief. Crafted with extraordinary precision, it In the world of fine watchmaking, mastery is measured not in speed, but in patience. At Titan Edge, every creation is guided by a philosophy where time itself bends to the discipline of the maker’s hand. achieves an unparalleled slimness without compromise, where engineering excellence and timeless design coexist in perfect harmony. More than a watch, it is the culmination of years of persistence—an Each line, each proportion, and each detail is born of restraint, innovation, and the quiet pursuit of object where time is not just measured but mastered. perfection.

TIME OBEYS THE MAKER’S WILL

In the world of fine watchmaking, mastery is measured not in speed, but in patience. At Titan Edge, every creation is guided by a philosophy where time itself bends to the discipline of the maker’s hand. Each line, each proportion, and each detail is born of restraint, innovation, and the quiet pursuit of

perfection.

The Edge Ultraslim is the finest embodiment of this belief. Crafted with extraordinary precision, it achieves an unparalleled slimness without compromise, where engineering excellence and timeless design coexist in perfect harmony. More than a watch, it is the culmination of years of persistence —an object where time is not just measured but mastered

A FLUID CONTINUM More than a watch, it’s an experience in presence — where every moment is designed A marvel of restraint and precision, stripped of excess, and shaped with purpose — it The Edge Ultraslim reimagines time not as a series of ticks, but a seamless flow. The to be felt invites you to slow down, breathe deeper, and revel in the flow of time. single-hand disc movement glides gracefully, creating a meditative experience in every glance.

A FLUID CONTINUM

The Edge Ultraslim reimagines time not as a series of ticks, but

a seamless flow. The single

- hand disc movement glides

gracefully, creating a meditative experience in every glance.

A marvel of restraint and precision, stripped of excess, and shaped with purpose — it invites you to slow down, breathe deeper, and revel in the flow of time.

More than a watch, it’s an experience in presence every moment is designed to be felt

— where

The T9081 is an achievement in miniaturisation. Its stepper quartz technology ensures unwavering POWERED BY THE EDGE CALIBRE T9081 At just 1.15 mm thickness, the Edge Calibre T9081 reduces timekeeping to its purest expression. This is not a thin movement — it’s a technical miracle; engineered to live almost flat against the wrist, accuracy, while every component — from the ultra-flat plates to the microscopic gear train — is delivering precision, presence and a sculptural silhouette in a fraction of the space. precision-built for minimal space and maximum reliability. The result: a movement so discreet it’s almost invisible, yet so masterful it commands attention. Minimalism, with Meaning

At just 1.15 mm thickness, the Edge its purest expression. This is not a thin movement

Calibre T9081 reduces timekeeping to

— it’s a technical miracle;

engineered to live almost flat against the wrist, delivering precision, presence and a sculptural silhouette in a fraction of the space.

The T9081 is an achievement in

miniaturisation . Its stepper quartz

technology ensures unwavering accuracy, while every component

— from

the ultra - flat plates to the microscopic gear train

— is precision - built for

minimal space and maximum reliability. The result: a movement so discreet it’s almost invisible, yet so masterful it commands attention.

Minimalism, with Meaning

Watches: Retail Network

Brand

Particulars

Jun'25

QTD Additions (Net)

Sep'25

Stores (#)

Area sq. ft. (k)*

Town Presence (#)

Stores (#)

Area sq. ft. (k)

Town Presence (#)

Stores (#)

Area sq. ft. (k)

Town Presence (#)

Stores (#)

Area sq. ft. (k)

Town Presence (#)

724

507

344

239

113

111

277

200

101

(0)

729

510

345

242

113

111

283

205

102

Multi Brand Outlet Presence

8,500+ Multi Brand Retailers (MBR)

2,000+ MBR Town Presence

600+ Large Format Stores (LFS)

180+ LFS Town Presence

Note: * - The Area additions (net) include existing store refurbishments. Hence the store additions (net) and the Area additions (net)

do not have a direct 1:1 co - relation

About the Company

Executive Summary

Business Performance

Jewellery

Watches

EyeCare

Emerging Business

TEAL

Financial Performance

Other Updates

EyeCare

EyeCare : Quarterly Business Performance

•

EyeCare’s Total Income grew c.9% YoY to ₹220 crores led by c.8% YoY growth in the domestic business to ₹215 crores

Growth remained strong through July and August with double - digit gains before moderating in September as customers deferred purchases ahead of the proposed GST rate cut (12% to 5%)

Sunglasses continued eyewear across both house and brands

solutions

(frames,

to outperform lenses) international

Business recorded an EBIT of ₹12 crores at 5.3% margin

5 stores of ‘Runway’ (premium sunglasses stores) in the quarter

were added

Business Performance (₹ crores)

Domestic

International EyeCare

Total Income

EBIT

EBIT Margin %

Q2FY25 Q2FY26

YoY%

199

202

215

220

8.0%

61.4%

8.8%

(47.6%)

11.0%

5.3%

(568) bps

EyeCare Secondary UCP YoY Growth (Omni - channel*)

11% Overall

Note :- * - Omni - channel growth represents the combined growths of Titan Eye Plus (TEP) retail channel and the growths via Titan E Campaign videos embedded as hyperlinks

- comme rce (TEC) portal

EyeCare : Retail Network

Brand

Particulars

Jun'25

QTD Additions (Net)

Sep'25

Stores - Domestic (#)

Stores - International (#)

Area sq. ft. (k)*

Town Presence (#)

Stores (#)

Area sq. ft. (k)

Town Presence (#)

871

575

334

0.5

(3)

1.8

871

576

331

2.3

Note: * - The Area additions (net) include existing store refurbishments. Hence the store additions (net) and the Area additions (net)

do not have a direct 1:1 co - relation

About the Company

Executive Summary

Business Performance

Jewellery

Watches

EyeCare

Emerging Business

TEAL

Financial Performance

Other Updates

Emerging Business

Emerging Business : Quarterly Business Performance

In Emerging Businesses,

• Women's Bags

: Q1 growth momentum sustained in Q2 driven by e - commerce fueled festive sales, delivering c.90% YoY growth for the category

• Fragrances:

Category grew c.47% YoY,

driven via strong volume gains across Skinn and Fastrack perfumes. Category continues to uphold its consistent profitability track

• Taneira : Achieved c.20% YoY (secondary)

- digit volume

growth driven by early double growth and high single digit growth in average selling prices. Brand continues its strategy of driving better optimization across its existing stores via higher same stores sales.

• Emerging Business Portfolio

: The losses

reduced to ₹24 crores from ₹29 crores in Q2FY25, the improvement led by enhanced profitability in Fragrances

Business Performance Operating Revenues ( ₹ crores)

Q2FY25 Q2FY26

YoY%

106

(29)

142

(24)

34.0%

17.2%

(27.4)%

(16.9)%

Total Income

EBIT

EBIT margin

Taneira Secondary UCP YoY Growth

20% Overall

11% Like to Like

Campaign videos embedded as hyperlinks

Emerging Businesses: Retail Network

Brand

Particulars

Jun'25

QTD Additions (Net)

Sep'25

Stores (#)

Area sq. ft. (k)

Town Presence (#)

Stores (#)

Area sq. ft. (k)

Town Presence (#)

Stores (#)

Area sq. ft. (k)

Town Presence (#)

238

(2)

(5)

233

A person and person lying on a blanket with sunglasses

AI-generated content may be incorrect.

EyeCare • 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 stores for their own “frame over,” blending cinema, fashion, and eyewear transformation.

A group of women in traditional indian dresses

AI-generated content may be incorrect.

Taneira • Launched Celebrate festivals with

Taneira Campaign

- S howcasing silks as pure as the

traditions they adorn, this campaign evokes the grace and warmth of Indian festivities

• Launched Diwali Campaign

— Illuminating the season of lights with handcrafted weaves that

blend purity, tradition, and contemporary elegance

Fashion Accessories • IRTH unveiled its signature line this season

— Autumn - Winter Fashion Launch,

a celebration of refined

craftsmanship & feminine strength. The campaign owned & romanticized the IRTH logo, turning it into a symbol of everyday luxury

• Fastrack introduced its new Athleisure Collection

— a fusion of active spirit and urban flair. Designed for

the modern go - getter, the collection strikes a balance between functionality & bold contemporary style

Fragrances • Noura Nectar Launch

— Introduced a captivating new fragrance that celebrates radiant

femininity with a blend of modern sensuality and timeless allure, reinforcing Skinn’s position in fine perfumery

• Rakhi & Festive Campaigns

positioning Skinn as the go - to choice for memorable, emotion

— Celebrated bonds and festive joy with thoughtful gifting stories, - led fragrance gifting moments

Other Businesses : Campaigns

Campaign videos embedded as hyperlinks

About the Company

Executive Summary

Business Performance

Jewellery

Watches

EyeCare

Emerging Business

TEAL

Financial Performance

Other Updates

TEAL

Titan Engineering & Automation Limited ( Quarterly Business Performance

‘TEAL ’) :

• Total Income grew c.112% YoY to ₹415 Cr

• TEAL continues to solidify its presence in its

automation solutions and manufacturing

businesses serving marquee Indian as well

as global customers

• EBIT for the quarter came in at

₹94 Cr at

22.7% margin

Particulars ( ₹ crores)

Q2FY25 Q2FY26

YoY%

Total Income

EBIT

EBIT Margin %

196

415

112%

276%

12.8%

22.7%

987 bps

About the Company

Executive Summary

Business Performance

Financial Performance

Statement of Profit and Loss

Segment Performance

Capital Employed

Financial Trends

Other Updates

Financial Performance

Statement of Profit and Loss: Standalone

Q2FY25

Q2FY26

YoY%

12,458

14,684

17.9%

Particulars (₹ crores)

Total Income

H1FY25

H1FY26

YoY%

23,721

27,876

17.5%

1,260

1,729

37.2%

EBITDA

10.1%

1,128

9.1%

705

5.7%

11.8%

166 bps

1,583

40.3%

10.8%

173 bps

1,006

6.8%

42.9%

120 bps

EBIT

PAT

2,589

10.9%

2,331

9.8%

1,475

6.2%

3,468

34.0%

12.4%

153 bps

3,179

36.4%

11.4%

158 bps

2,036

7.3%

38.0%

109 bps

Note: • Total Income excludes Bullion sales of • Profitability and expense percentages are computed on Total Income excluding Bullion sales

₹1,959 crores in Q2FY26 ( ₹884 crores in Q2FY25) and of

₹3,438 crores in H1FY26 ( ₹1,792 crores in H1FY25) respectively

Statement of Profit and Loss: Consolidated

Q2FY25

Q2FY26

YoY%

13,557

16,407

21.0%

Particulars (₹ crores)

Total Income

H1FY25

H1FY26

YoY%

25,865

31,186

20.6%

43.9%

3,922

1,358

10.0%

1,188

8.8%

704

5.2%

1,987

46.3%

EBITDA

12.1%

209 bps

1,799

51.4%

11.0%

220 bps

1,120

6.8%

59.0%

163 bps

EBIT

PAT

2,725

10.5%

2,391

9.2%

1,419

5.5%

12.6%

204 bps

3,550

48.5%

11.4%

214 bps

2,211

7.1%

55.8%

160 bps

Note: • Total Income excludes Bullion and Digi • Profitability and expense percentages are computed on Total Income excluding Bullion and Digi

- gold sales of ₹2,430 crores in Q2FY26 ( ₹1,099 crores in Q2FY25) and - gold sales

₹4,279 crores in H1FY26 ( ₹2,177 crores in H2FY25) respectively

Segment Performance

– Standalone

Particulars “

Jewellery [domestic]

Watches [domestic]

EyeCare [domestic]

Emerging Businesses

[domestic]

Quarter (Standalone)

Total Income ( ₹ crores)

EBIT ( ₹ crores)

EBIT Margin (%)

Q2FY25

Q2FY26”

YoY%

Q2FY25

Q2FY26

YoY%

Q2FY25

Q2FY26

YoY

10,568

12,460

17.9%

1,276

1,446

13.4%

199

106

215

142

8.0%

34.0%

932

195

(29)

1,381

48.1%

8.8%

11.1%

226 bps

242

(24)

24.4%

15.3%

16.7%

148 bps

(48.9%)

12.0%

5.7%

(633) bps

(17.2%)

(27.4%)

(16.9%)

Businesses (Total)

12,149

14,263

17.4%

1,122

1,612

43.6%

9.2%

11.3%

206 bps

Others*

Bullion

309

884

421

36.2%

1,959

121.6%

(29)

Standalone (incl. Others and Bullion)

13,342

16,643

24.7%

1,128

1,583

40.3%

8.5%

9.5%

106 bps

Note: •

“The Income and EBIT margin for all Divisions are the respective business performances. Differences, if any, to the reported captured in Others. A detailing of Q2FY26 Total Income is captured in Annexure for reference

• Emerging Businesses include Taniera, Fragrances & Women’s Bags • *Others include primary outgoes to International Entities (net), Corporate segment financials and other adjustments, if any • EBIT margin is calculated on Total Income excluding Bullion and Digi

- gold sales

seg ment figures in the financial statements are

Segment Performance

– Standalone

Particulars ”

Jewellery [domestic]

Watches [domestic]

EyeCare [domestic]

Emerging Businesses

[domestic]

Half Year (Standalone)

Total Income ( ₹ crores)

EBIT ( ₹ crores)

EBIT Margin (%)

H1FY25

H1FY26”

YoY%

H1FY25

H1FY26

YoY%

H1FY25

H1FY26

YoY

20,187

23,676

17.3%

2,021

2,702

33.7%

10.0%

11.4%

140 bps

2,274

2,685

18.1%

407

186

449

250

10.3%

34.4%

312

(55)

528

(38)

69.6%

13.7%

19.7%

597 bps

(26.7%)

11.0%

7.3%

(368) bps

(30.9%)

(29.6%)

(15.2%)

Businesses (Total)

23,054

27,060

17.4%

2,322

3,225

38.9%

10.1%

11.9%

184 bps

Others*

Bullion

667

816

22.3%

1,792

3,438

91.9%

(46)

Standalone (incl. Others and Bullion)

25,513

31,314

22.7%

2,331

3,179

36.4%

9.1%

11.4%

102 bps

Note: •

“The Income and EBIT margin for all Divisions are the respective business performances. Differences, if any, to the reported captured in Others. A detailing of H1FY26 Total Income is captured in Annexure for reference

seg ment figures in the financial statements are

• Emerging Businesses include • * Others include primary outgoes to International Entities (net), Corporate segment financials and other adjustments, if any • EBIT margin is calculated on Total Income excluding Bullion and Digi

Taneira , Fragrances & Women’s Bags

- gold sales

Segment Performance

- Consolidated

Particulars”

Jewellery [domestic]

CaratLane [domestic]

Watches [domestic]

EyeCare [domestic]

Emerging Businesses

[domestic]

International Business*

Titan Engineering & Automation Limited

Quarter (Consolidated)

Total Income ( ₹ crores)

EBIT ( ₹ crores)

EBIT Margin (%)

Q2FY25

Q2FY26

YoY%

Q2FY25

Q2FY26

YoY%

Q2FY25

Q2FY26

YoY

10,568

12,460

17.9%

811

1,072

1,276

1,446

199

106

324

196

215

142

596

415

32.2%

13.4%

8.0%

34.0%

84.1%

112.2%

932

195

(29)

(20)

109

242

(24)

1,381

48.1%

78.3%

24.4%

8.8%

7.5%

11.1%

226 bps

10.1%

262 bps

15.3%

16.7%

148 bps

(48.9%)

12.0%

5.7%

(633) bps

(17.2%)

(27.4%)

(16.9%)

(6.2%)

1.9%

804 bps

275.8%

12.8%

22.7%

987 bps

Businesses (Total)

13,479

16,346

21.3%

1,188

1,826

53.7%

8.8%

11.2%

235 bps

Others/ Consolidated Adjustments

(20.4%)

Bullion & Digi - gold

1,099

2,430

121.0%

(0)

(27)

Consolidated Adjustments, Bullion and Digi

(incl. Others/ Consolidated

- gold)

14,656

18,837

28.5%

1,188

1,799

51.4%

8.1%

9.6%

144 bps

Note: •

““The Income and EBIT margin for all Divisions are the respective business performances. Differences, if any, to the reported Others / Consolidated Adjustments. A detailing of Q2FY26 Total Income is captured in Annexure for reference * - International Business includes financials of Jewellery (Tanishq, Mia, # - Others consist of Corporate segment financials, other adjustments and eliminations, if any EBIT margin is calculated on Total Income excluding Bullion and Digi

- gold sales

• • •

CaratLane ), Watches and EyeCare businesses outside India

se gment figures in the financial statements are captured in

Segment Performance

- Consolidated

Total Income ( ₹ crores)

EBIT ( ₹ crores)

EBIT Margin (%)

Half Year (Consolidated)

Particulars “

Jewellery [domestic]

CaratLane

[domestic]

Watches [domestic]

EyeCare [domestic]

Emerging Businesses

[domestic]

International Business*

Titan Engineering & Automation Limited

H1FY25

H1FY26

YoY%

H1FY25

H1FY26

20,187

23,676

1,549

2,098

17.3%

35.4%

2,274

2,685

18.1%

407

186

724

393

449

250

10.3%

34.4%

1,188

64.1%

722

83.9%

2,021

2,702

103

312

(55)

(37)

177

528

(38)

169

YoY%

33.7%

71.9%

69.6%

H1FY25

H1FY26

YoY

10.0%

11.4%

140 bps

6.7%

8.4%

178 bps

13.7%

19.7%

597 bps

(26.7%)

11.0%

7.3%

(368) bps

(30.9%)

(29.6%)

(15.2%)

(5.1%)

2.6%

776 bps

363.9%

Businesses (Total)

25,719

31,068

20.8%

2,424

3,602

48.6%

Others/ Consolidated Adjustments

146

117

Bullion & Digi - gold

2,177

4,279

96.6%

(33)

(52)

9.3%

9.4%

23.4%

1,412 bps

11.6%

217 bps

Consolidated Adjustments, Bullion and Digi

(incl. Others/ Consolidated

- gold)

28,042

35,465

26.5%

2,391

3,550

48.5%

8.5%

10.0%

148 bps

Note: •

“The Income and EBIT margin for all Divisions are the respective business performances. Differences, if any, to the reported Others / Consolidated Adjustments. A detailing of H1FY26 Total Income is captured in Annexure for reference International Business includes financials of Jewellery (Tanishq, Mia, # - Others consist of Corporate segment financials, other adjustments and eliminations, if any EBIT margin is calculated on Total Income excluding Bullion and Digi

- gold sales

• • •

CaratLane ), Watches and EyeCare businesses outside India

seg ment figures in the financial statements are captured in

Capital Employed : Standalone

Jewellery

Watches

EyeCare

Emerging

Businesses

Titan Company

s t e s s A

y t i u q E

s e i t i l i

b a i L

33,955

10,354

23,601

23,916

7,357

16,559

4,446

4,659

3,208

3,120

1,238

1,539

649

254

395

691

292

399

522

258

264

608

300

308

51,701

17,832

33,869

40,104

14,972

25,132

Q2FY25

Q2FY26

Q2FY25

Q2FY26

Q2FY25

Q2FY26

Q2FY25

Q2FY26

Q2FY25

Q2FY26

Figures in ₹ crores, unless stated otherwise

Note: • • Emerging Businesses include • Titan Company figures include Corporate (unallocated) component

Taneira , Fragrances & Women’s Bags

Capital Employed : Consolidated

Jewellery

Watches

EyeCare

Other Businesses

Titan Company

s t e s s A

y t i u q E

s e i t i l i

b a i L

39,375

11,485

27,890

27,598

8,166

19,432

4,544

4,715

3,288

1,256

3,166

1,549

662

264

398

706

305

401

1,477

708

769

1,859

926

933

52,030

12,803

39,227

38,826

9,736

29,090

Q2FY25

Q2FY26

Q2FY25

Q2FY26

Q2FY25

Q2FY26

Q2FY25

Q2FY26

Q2FY25

Q2FY26

Figures in ₹ crores, unless stated otherwise

Note: • • Other Businesses include Emerging Businesses (Taniera, Fragrances & Women’s Bags) and the subsidiary TEAL • Titan Company figures include Corporate (unallocated) component

Consolidated: Quarterly Performance Trends

Total Income ( ₹ crores) and YoY Growth (%)

9,131

19% 8,742

11,383

13%

26%

9,419

11,069 21%

24%

10,835

14,110

24%

11,440

21%

12,308

11%

13,557

25%

17,582

25%

13,891

21%

14,778

20%

16,407

21%

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: 38,675; 38%

FY24: 47,454; 23%

FY25: 57,339; 21%

H1FY26: 31,186

% of FY

24%

23%

29%

24%

23%

30%

24%

21%

24%

31%

24%

PBT ( ₹ crores) and PBT Margin (%)

1,072 12%

13%

1,142

1,245 11%

988

10%

1,002

9.1%

1,252

12%

1,378

9.8%

991 8.7%

973

7.9%

948

7.0%

1,396

7.9%

1,218

8.8%

1,480

10%

1,522

9.3%

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: 4,447; 11.5%

FY24: 4,623; 9.7%

FY25: 4,535; 7.9%

H1FY26: 3,002

Note: 1. Figures in ₹ crores, unless stated otherwise. 2. Total Income excludes Bullion and Digi

- gold sales

Standalone: RoACE (%) Performance Trends

EBIT ( ₹ crores)

Average Capital Employed (

₹ crores)

4,465

4,707

4,851

5,087

4,948

5,248

6,096

19,465

19,762

16,534

16,618

3,178

2,597

1,224

1,551

8,306

8,359

9,623

10,340

12,073

13,013

Mar-21

Sep-21 Mar-22

Sep-22 Mar-23

Sep-23 Mar-24

Sep-24 Mar-25

Sep-25

Return on Average Capital Employed (%)

31%

33%

19%

43%

39%

37%

31%

30%

27%

31%

Mar-21

Sep-21

Mar-22

Sep-22

Mar-23

Sep-23

Mar-24

Sep-24

Mar-25

Sep-25

Note: 1. EBIT figures are for trailing twelve months from the respective period stated 2. Total Income excludes Bullion and Digi

- gold sales

Standalone: RoE (%) Performance Trends

PAT ( ₹ crores)

Average Equity ( ₹ crores)

3,335

3,401

3,542

3,301

3,335

3,179

3,896

15,634

16,402

13,226

13,787

2,231

1,787

1,014

756

7,189

7,218

8,463

9,103

10,684

11,467

Mar-21

Sep-21 Mar-22

Sep-22 Mar-23

Sep-23 Mar-24

Sep-24 Mar-25

Sep-25

Return on Average Equity (%)

25%

26%

14%

35%

31%

30%

27%

24%

21%

24%

Mar-21

Sep-21

Mar-22

Sep-22

Mar-23

Sep-23

Mar-24

Sep-24

Mar-25

Sep-25

Note: 1. PAT figures are for trailing twelve months from the respective period stated 2. Total Income excludes Bullion and Digi

- gold sales

Consolidated: RoACE (%) Performance Trends

EBIT ( ₹ crores)

Average Capital Employed (

₹ crores)

4,508

4,747

4,911

5,242

5,130

5,488

6,647

14,390

14,458

14,938

15,201

13,221

12,221

9,710

10,408

8,330

8,334

3,176

2,580

1,202

1,530

Return on Average Capital Employed (%)

31%

33%

18%

Mar-21

Sep-21 Mar-22

Sep-22 Mar-23

Sep-23 Mar-24

Sep-24 Mar-25

Sep-25

43%

39%

37%

36%

35%

37%

44%

Mar-21

Sep-21

Mar-22

Sep-22

Mar-23

Sep-23

Mar-24

Sep-24

Mar-25

Sep-25

Note: 1. EBIT figures are for trailing twelve months from the respective period stated 2. Total Income excludes Bullion and Digi 3. Acquisition of CaratLane ‘s Non - Controlling Interest (NCI), in H2FY24, has led to reduction in retained earnings that is reflected in the lower average

- gold sales

equity

Consolidated: RoE (%) Performance Trends

PAT ( ₹ crores)

Average Equity ( ₹ crores)

3,219

3,274

3,321

3,496

3,243

3,337

4,129

11,365

10,618

10,649

11,100

10,509

11,270

9,023

8,417

7,087

7,072

2,252

1,757

974

693

Return on Average Equity (%)

25%

27%

14%

Mar-21

Sep-21 Mar-22

Sep-22 Mar-23

Sep-23 Mar-24

Sep-24 Mar-25

Sep-25

36%

31%

29%

33%

29%

32%

37%

Mar-21

Sep-21

Mar-22

Sep-22

Mar-23

Sep-23

Mar-24

Sep-24

Mar-25

Sep-25

Note: 1. PAT figures are for trailing twelve months from the respective period stated 2. Total Income excludes Bullion and Digi 3. Acquisition of CaratLane ‘s Non - Controlling Interest (NCI), in H2FY24, has led to reduction in retained earnings that is reflected in the lower average

- gold sales

equity

Consolidated: Annual Performance Trends

Total Income ( ₹ crores) & YoY Growth (%)

PBT ( ₹ crores) and PBT Margin (%)

PAT ( ₹ crores) and PAT Margin (%)

37%

27,988

38%

38,675

47,454

23%

57,339

21%

20,474

- 3%

4,447

12%

2,958

11%

4,623

4,535

10%

7% 1,327

3,274

8.5%

3,496

7.4%

7.9%

2,198

3,337

5.8%

4.8%

974

FY21

FY22

FY23

FY24

FY25

FY21

FY22

FY23

FY24

FY25

FY21

FY22

FY23

FY24

FY25

Total Equity ( ₹ crores)

Return on Average Capital Employed (%)

Return on Average Equity (%)

11,904

11,624

9,333

9,393

7,502

39%

37%

33%

36%

18%

26%

14%

31%

33%

32%

FY21

FY22

FY23

FY24

FY25

FY21

FY22

FY23

FY24

FY25

FY21

FY22

FY23

FY24

FY25

Note: 1. Figures in ₹ crores, unless stated otherwise 2. Total Income excludes Bullion and Digi

- gold sales

Consolidated: Annual Segment Trends

Jewellery Total Income ( ₹ crores) and YoY Growth (%)

Watches Total Income ( ₹ crores) and YoY Growth (%)

EyeCare Total Income ( ₹ crores) and YoY Growth (%)

36%

38%

33,706

24,478

41,361

23%

50,362

22%

17,963

46%

2,317

43% 3,310

3,930

19%

4,598

17%

1,587

- 39%

689

33%

38%

517

726

801

10%

375

- 31%

FY21

FY22

FY23

FY24

FY25

FY21

FY22

FY23

FY24

FY25

FY21

FY22

FY23

FY24

FY25

EBIT ( ₹ crores) and EBIT Margin (%)

13% 4,387

4,812

12%

4,899

10%

13%

3,069

10%

1,701

FY21

FY22

FY23

FY24

FY25

408

12%

393

10%

548

12%

4% 100

FY22

FY23

FY24

FY25

- 132

FY21

- 8%

14%

11%

10%

11%

6% 23

FY21

FY22

FY23

FY24

FY25

Note: 1. Figures in ₹ crores, unless stated otherwise 2. Jewellery Total Income excludes Bullion and Digi

- gold sales

About the Company

Executive Summary

Business Performance

Financial Performance

Other Updates

Dividend

Shareholding information

Awards & Recognition

ESG at Titan

Other Updates

Shareholding Information

Shareholding Pattern as at 30 September 2025

Stock Information

5.13%

18.04%

BSE Ticker

NSE Ticker

500114

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%

16.11%

Promoters

Mutual Funds

Retail

52.90%

Foreign Institutional Investors

Insurance Cos. & Banks

Sep-25

Mar-25

Mar-24

Mar-23

Mar-22

298,953

272,000

337,780

223,287

225,156

Market capitalization is of the last trading day of the respective periods

Dividend

195

28%

231

30%

2.20

2.60

333

29%

3.75

444

32%

5.00

355

23%

4.00

666

7.50

31%

977

11.00

888

10.00

27%

28%

977

11.00

29%

355

40%

4.00

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 2. Financial Yearly dividends represent Dividend per share (in

₹)

₹ crores

Awards & Recognitions

Rajeshwari U, Head of Assembly at Titan’s Watches Factory in Hosur honoured as “Woman Leader of the Year” Great Indian Women Leadership Awards 2025

Titan named as the ‘Powerhouse for Volunteering’ in the under 20,000 Employees Category at Karma Summit 2025

for Jewellery 3 Awards Manufacturing (‘ISCM’) in CDF Conclave

- Strides’25

> Changemaker of the Year Award > Exemplary Engagement Award > Impact Harvester Award

Watches ISCM Hosur honored with the “Award of Honor” the category of Occupational Health, Safety, and Environment for the year 2023 by the NSC Tamil Nadu Chapter

Pragati Vision & Goals

Elevate the experiences for everyone we touch, by creating a sustainable, responsible, & equitable world

ENVIRONMENTAL

GOALS (FY30)

• Water Positive

• Net Zero Carbon (Scope 1 & 2)

• Circularity: 50% plastic reduction

& recycling

SOCIAL GOALS (FY27)

• 2.5 million people reached

through CSR

• Great Place To Work (GPTW) scores of 85, ranking us among the top 100 in India

• National Leader in Safety (Top 5) &

Inclusion in the Retail

Industry

‘Pragati’ launched on July 11 th 2025

*Subject to baselining in FY26

GOVERNANCE GOALS (FY30)

• Global Benchmarks & Certifications in Ethics

• National Benchmarks in Data Privacy &

Corporate Governance

PARTNERS • 4P 2.0 equivalent for all vendors by FY30;

minimum 50% of domestic production covered by the same

• Domestic vendor partner & global partners’ NPS or equivalent* at global benchmarks Watches, Jewellery, EyeCare businesses by FY27; Taneira , Fragrances and Women’s Bags by FY30

–

Company Responsibility

Partner Responsibility

ESG at Titan – Overview Q2FY26

Sourced 0.62 crore units (KwH ) of renewable energy for our manufacturing plants and offices

Environment

10,000+ trees planted

Water storing capacity enhanced by 3.6cr litres

Empowered 50,000+ Girl students through the Titan Kanya Program

1,000+ Individual lives enriched through the Integrated Village Development Program

830 + Individuals skilled for employment, employability, and entrepreneurship

Gender Diversity Females represent 30% of total employees and workers (as of Mar’25)

86,000 + beneficiaries through our Happy Eyes Programs

Social

Awarded India’s Best Boards 2021 by Economic Times / Amrop

Governed by the Tata Code of Conduct (TCOC)

Independent oversight by the Board Ethics , CSR and Sustainability Committees

Governance

Note: All figures are as on March 2025

Titan launched the 3rd party helpline (Ethics helpline) to let employees and vendors report ethical concerns anonymously

Design Impact Movement

Learning Centre

CSR at Titan – Q 2 Key Initiatives

40 New Learning Centers commenced Titan Kanya (in H1) operations under

Secured 85% + engagement of Girl Children in Kasturba Gandhi Balika Vidyalaya (‘KGBV’)

4 Early Childhood Education Centers commenced operations in Chennai for migrant workers children

Girl child / Education

85 / 153 of the Persons with Physical Disabiltieis (‘PwDs’ ) trained got placed

72 at - risk women are undergoing training towards financial independence

100% of the visually impaired children from the schools supported by us for Orientation & Mobility, English, and Digital Literacy cleared their board exams

Affirmative Action

Education

Skill development for underprivileged

73% of the trainees at our Pant Nagar Leap Centre were girls

14 / 19 placed in the Advanced Electronics Training at IIT Madras

Devana

250 farmers from Heggada Kote (tribal area) got trained at livestock support and management

Skilling and development

Support for Indian Arts, Crafts & Heritage and Design Impact program

Project Pratishtha has been able to enroll 120 women artisans across Kashmir. Project Tarasha impacting 35 rural craft enterprises has been extended to 4 new states

Sustainability at Titan

– Q 2 Key Initiatives

Responsible c itizenship & initiatives at our factories

• In Watches 61.5 tons of STP sludge were converted into manure, 2,087 KL of freshwater was saved through recycling, and 10.6 tons of hazardous waste were co - processed , advancing the goal of a sustainable and zero operation

- waste

• EyeCare - Won national

awards for the Green Parking Project and received recognition for sustainability innovation

• Installed emission control devices and upgraded water recycling systems enhance environmental performance

• Jewellery - Renewable Energy Certificates (RECs) were obtained to offset diesel emissions, ensuring carbon neutrality and PantNagar

facilities

at Hosur

Planet

• Handover of

Gunduperumbedu lake - 26cr ltrs of water augmented

• Completion of the

Thathakodu water pond in Urigam forest range Krishnagiri district. 3.6 cr ltrs augmented

Safety

Titan received multiple national and regional awards for excellent performance in Occupational Health, Safety, and Environment (OHSE) across its Divisions.

Gunduperumbedu

lake

Inauguration

Annexures

63 63

Jewellery: Quarterly Trends (Standalone)

Total Income ( ₹ crores) and YoY Growth (%)

7,600

7,203 18%

24%

7,576

9,518

11%

9,070

19%

8,575 19%

11,709 23%

8,998

19%

9,879

10,763 26%

14,697

26%

11,232 25%

11,521

17%

12,785

19%

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: 31,897; 37%

FY24: 38,352; 20%

FY25: 46,571; 21%

H1FY26: 24,306

% of FY

24%

23%

30%

24%

22%

31%

23%

21%

23%

32%

24%

EBIT ( ₹ crores) and EBIT Margin (%)

1,027 14%

1,103 15%

1,236

13%

997

13%

1,206

14%

999

11%

1,432

12%

1,089

12%

1,103

11%

1,398

1,331

1,323

1,381

932

10%

12%

11%

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: 4,363; 13.7%

FY24: 4,726; 12.3%

FY25: 4,764; 10.2%

H1FY26: 2,704

Note: 1. 2. Total Income excludes bullion and

Figures in ₹ crores, unless stated otherwise.

DigiGold sales

Jewellery: Quarterly Trends (Consolidated)

Total Income ( ₹ crores) and YoY Growth (%)

7,995

18% 7,515

10,131

13%

25%

8,065

22%

9,754

23%

9,263

12,552 24%

21%

9,792

10,730

10%

15,848 26%

12,112

24%

26%

11,672

12,797 19%

14,092

21%

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: 33,706; 38%

FY24: 41,361; 23%

FY25: 50,362; 22%

H1FY26: 26,890

% of FY

24%

22%

30%

24%

22%

30%

24%

21%

23%

31%

24%

EBIT ( ₹ crores) and EBIT Margin (%)

1,052

13%

14% 1,088

1,243 12%

1,004 12%

1,217

13%

1,482

12%

1,022

10%

1,091 11%

1,102

10%

974

1,490

1,333

11%

1,408

11%

1,506

11%

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: 4,387; 13%

FY24: 4,812; 12%

FY25: 4,899; 10%

H1FY26: 2,914

Note: 1. 2. Total Income excludes bullion and

Figures in ₹ crores, unless stated otherwise.

DigiGold sales

Watches: Quarterly Trends (Standalone)

Total Income ( ₹ crores) and YoY Growth (%)

785

829

21%

811

15%

40%

871

890

13%

1,092

32%

982

21%

940

1,301

19%

1,021

15%

1,128

1,126

20%

15%

1,264

24%

1,471

13%

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; 43%

FY24: 3,904; 18%

FY25: 4,576; 17%

H1FY26: 2,735

% of FY

24%

25%

26%

23%

28%

25%

24%

22%

28%

25%

EBIT ( ₹ crores) and EBIT Margin (%)

13%

103

15%

123

11%

98 11%

102

12%

160 15%

194

15%

115

11%

111

10%

133

12%

80 9%

286

23%

239 16%

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: 413; 12.5%

FY24: 397; 10.2%

FY25: 553; 12.1%

H1FY26: 525

Note: Figures in ₹ crores, unless stated otherwise

Watches : Quarterly Trends (Consolidated)

Total Income ( ₹ crores) and YoY Growth (%)

786

830

21%

811

14%

41%

883

913

16%

1,092

32%

986

22%

1,304

19%

1,137

15%

1,134

21%

1,273

24%

1,477

13%

939

1,023

12%

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: 3,310; 43%

FY24: 3,930; 19%

FY25: 4,598; 17%

H1FY26: 2,750

% of FY

24%

25%

24%

27%

23%

28%

25%

24%

22%

28%

25%

EBIT ( ₹ crores) and EBIT Margin (%)

12%

15%

122

10%

106 12%

101 11%

160

15%

196

15%

111

11%

133

12%

108 10%

287

23%

238 16%

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: 408; 12.3%

FY24: 393; 10.0%

FY25: 548; 11.9%

H1FY26: 525

Note: Figures in ₹ crores, unless stated otherwise

EyeCare : Quarterly Trends (Standalone)

Total Income ( ₹ crores) and YoY Growth (%)

183

167

23%

165

174

11%

203

11%

188

12%

167

- 4%

166

209

201

194 16%

192

16%

236

13%

218

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; 5.7%

FY25: 769; 9.9%

H1FY26: 454

% of FY

27%

24%

25%

24%

28%

26%

23%

26%

25%

24%

EBIT ( ₹ crores) and EBIT Margin (%)

20%

28 16%

18%

17%

15%

2 1%

14 8%

12%

10%

11%

10%

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: 98; 14.2%

FY24: 85; 11.7%

FY25: 85; 10.7%

H1FY26: 33

Note: Figures in ₹ crores, unless stated otherwise

Income Details – Q2FY26

Income Particulars (₹ crores)

Tanishq, Mia, Zoya

Watches

EyeCare

Emerging Businesses

Corporate

(A)

(B)

(C)

(D)

(E)

Standalone Financial Statement

(F) = (A+B+C+D+ E)

CaratLane

"International Business"

TEAL

Other Adj.*

(G)

"Jewellery (H)"

"Others (I)"

(J)

(K)

Consol. Financial Statement

(L) = (F+G+H+I+J +K)

Business Income

12,460

1,446

215

142

14,263

1,072

561

415

16,346

Add: International (primary) sales

320

347

357

Add: Bullion & Digi Revenue, Others*

- Gold

1,965

Segmental Reporting (Standalone / Consolidated)

14,744

1,471

218

142

2,033

288

182

(369)

2,134

16,643

1,370

743

415

(369)

18,837

Note: 1. 2. Others & Other Adj. refer to Corporate Revenue, Eliminations, Inter

Figures in ₹ crores, unless stated otherwise

- co sales, Inter - co Adj. and Other adj., if any

Income Details – H1FY26

Income Particulars (₹ crores)

Tanishq, Mia, Zoya

Watches

EyeCare

Emerging Businesses

Corporate

(A)

(B)

(C)

(D)

(E)

Standalone Financial Statement

(F) = (A+B+C+D+ E)

CaratLane

"International Business"

TEAL

Other Adj.*

(G)

"Jewellery (H)"

"Others (I)"

(J)

(K)

Consol. Financial Statement

(L) = (F+G+H+I+J +K)

Business Income

23,676

2,685

449

250

27,060

2,098

1,115

722

31,068

Add: International (primary) sales

624

679

701

Add: Bullion & Digi Revenue, Others*

- Gold

3,444

131

3,575

540

301

(720)

3,696

Segmental Reporting (Standalone / Consolidated)

27,744

2,735

454

250

131

31,314

2,660

1,415

722

(720)

35,465

Note: 1. 2. Others & Other Adj. refer to Corporate Revenue, Eliminations, Inter

Figures in ₹ crores, unless stated otherwise

- co sales, Inter - co Adj. and Other adj., if any

Statement of Profit and Loss: Standalone

Q2FY25

Q2FY26

12,268

947

127

13,342

10,650

2,692

21.6%

410

250

772

1,432

1,260

10.1%

132

1,128

9.1%

195

933

7.5%

228

705

5.7%

14,501

2,033

109

16,643

13,229

3,414

23.2%

485

334

866

1,685

1,729

11.8%

146

1,583

10.8%

222

1,361

9.3%

355

1,006

6.9%

YoY%

18.2%

114.7%

(14.2%)

24.7%

24.2%

26.8%

164 bps

18.3%

33.6%

12.2%

17.7%

37.2%

166 bps

10.6%

40.3%

173 bps

13.8%

45.9%

178 bps

55.2%

42.9%

120 bps

Profit and Loss statement (in ₹ crores) Sale of products / services

Other operating revenue

Other Income

Total Income

COGS

Gross Contribution (‘GC’)

GC %

Employee benefits expense

Advertising

Other expenses

Total Overheads

EBITDA

EBITDA %

Depreciation

EBIT

EBIT %

Finance costs

PBT

PBT %

Tax

PAT

PAT %

H1FY25

H1FY26

23,373

1,895

245

25,513

20,178

5,335

22.5%

826

452

1,468

2,746

2,589

10.9%

258

2,331

9.8%

377

1,954

8.2%

479

1,475

6.2%

27,541

3,557

216

31,314

24,684

6,630

23.8%

952

597

1,613

3,162

3,468

12.4%

289

3,179

11.4%

438

2,741

9.8%

705

2,036

7.3%

YoY%

17.8%

87.7%

(11.8%)

22.7%

22.3%

24.3%

129 bps

15.3%

32.1%

9.9%

15.1%

34.0%

153 bps

12.0%

36.4%

158 bps

16%

40.3%

160 bps

47.2%

38.0%

109 bps

Note: • Operating Revenue and Total Income includes Bullion sales of • Profitability percentages are computed on Total Income excluding the Bullion sales

₹1,959 crores in Q2FY26 ( ₹884 crores in Q2FY25) and

₹3,438 crores H1FY26 ( ₹1,792 crores in H1FY25)

Statement of Profit and Loss: Consolidated

Q4FY24

Q2FY25

Q2FY26

13,473

1,061

122

14,656

11,522

3,134

23.1%

519

327

930

1,776

1,358

10.0%

171

1,188

8.8%

240

948

7.0%

244

704

5.2%

16,461

2,264

112

18,837

14,709

4,128

25.2%

616

408

1,117

2,141

1,987

12.1%

189

1,799

11.0%

277

1,522

9.3%

402

1,120

6.8%

YoY%

22.2%

(113.4%)

(8.2%)

28.5%

27.7%

31.7%

204 bps

18.7%

24.8%

20.1%

20.6%

46.3%

209 bps

10.5%

51.4%

220 bps

15.4%

60.5%

228 bps

64.6%

59.0%

163 bps

Profit and Loss statement (in ₹ crores) Sale of products / services

Other operating revenue

Other Income

Total Income

COGS

Gross Contribution (‘GC’)

GC %

Employee benefits expense

Advertising

Other expenses

Total Overheads

EBITDA

EBITDA %

Depreciation

EBIT

EBIT %

Finance costs

Share of profit/ (loss) in associates

PBT

PBT %

Exceptional items

Tax

PAT

PAT %

H1FY25

H1FY26

25,696

2,104

242

28,042

21,858

6,184

23.9%

1,042

617

1,800

3,459

2,725

10.5%

335

2,391

9.2%

470

1,921

7.4%

502

1,419

5.5%

31,275

3,973

217

35,465

27,520

7,945

25.5%

1,207

736

2,080

4,023

3,922

12.6%

373

3,550

11.4%

548

3,002

9.6%

791

2,211

7.1%

YoY%

21.7%

88.8%

(10.3%)%

26.5%

25.9%

28.5%

157 bps

15.8%

19.3%

15.6%

16.3%

43.9%

204 bps

11.3%

48.5%

214 bps

16.6%

56.3%

220 bps

58%

55.8%

160 bps

Note: • Operating Revenue and Total Income includes Bullion and Dig • Profitability percentages are computed on Total Income excluding Bullion and Digi

- gold sales

- Gold sales of ₹2,430 crores in Q2FY26 ( ₹1,099 crores in Q2FY25) and

₹4,279 crores for H1FY26 ( ₹2,177 crores for H1FY25)

Standalone Balance Sheet

Particulars (in ₹ crores)

Mar - 25

Sep - 25

Fixed Assets

Right of use asset

Intangible Assets

Investments

Other non - current assets

Non - Current Assets

Inventories

Trade Receivables

Cash and Cash Equivalents

Other Bank Balances

Investments

Other Current Assets

Current Assets

Total Assets

Total Equity

Borrowings

Lease liability

Other non - current liabilities

Non - Current Liabilities

Borrowings

Gold on Loan

Trade Payables

Lease liability

Other Current Liabilities

Current Liabilities

Total Liabilities

Total Equity & Liabilities

1,561

1,449

103

6,386

1,132

10,631

24,517

984

243

889

1,337

2,474

30,444

41,075

16,811

420

1,943

256

2,619

7,483

7,043

1,472

282

5,365

21,645

24,264

41,075

1,615

1,554

103

6,795

1,181

11,248

32,873

1,436

194

444

2,611

2,895

40,453

51,701

17,832

420

2,101

282

2,803

7,111

14,844

1,958

292

6,861

31,066

33,869

51,701

Change (absolute values) 55

105

(1)

409

618

8,356

452

(49)

(445)

1,274

421

10,009

10,626

1.021

158

184

(372)

7,801

486

1,496

9,421

9,605

10,626

Consolidated Balance Sheet

Particulars (in ₹ crores)

Mar - 25

Sep - 25

Fixed Assets

Right of use asset

Intangible Assets

Goodwill

Investments

Other non - current assets

Non - Current Assets

Inventories

Trade Receivables

Cash and Cash Equivalents

Other Bank Balances

Investments

Other Current Assets

Current Assets

Total Assets

Total Equity

Borrowings

Lease liability

Other non - current liabilities

Non Current Liabilities

Borrowings

Gold on Loan

Trade Payables

Lease liability

Other Current Liabilities

Current Liabilities

Total Liabilities

Total Equity & Liabilities

1,948

1,774

322

123

651

1,395

6,213

28,184

1,068

407

1,177

1,337

2,261

34,434

40,647

11,624

595

2,318

317

3,230

9,691

7,810

1,963

363

5,966

25,793

29,023

40,647

2,024

1,863

341

127

1,062

1,539

6,956

37,657

1,437

301

552

2,611

2,516

45,074

52,030

12,803

547

2,442

348

3,337

9,099

16,088

2,544

377

7,782

35,890

39,227

52,030

Change (absolute values) 76

411

144

743

9,473

369

(106)

(625)

1,274

255

10,640

11,383

1,179

(48)

124

107

(592)

8,278

581

1,816

10,097

10,204

11,383

Thank You!

For any queries, please email at

investor - relations@titan.co.in

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