Brands
Titan keeps ticking as festive shine lifts December quarter numbers
Jewellery-led demand pushes Q3 revenue past Rs 22,000 crore as margins hold steady.
MUMBAI: Time, it seems, is very much on Titan’s side. Titan Company Limited closed the December 2025 quarter with a confident flourish, clocking standalone revenue of Rs 22,689 crore, as festive buying and steady consumer demand helped the Tata Group-backed major stay firmly in the black.
For the three months ended December 31, revenue from operations rose to Rs 22,522 crore, driven largely by strong product and service sales of Rs 22,113 crore, alongside other operating income of Rs 409 crore. Including other income of Rs 167 crore, total income for the quarter stood at Rs 22,689 crore, comfortably ahead of Rs 16,228 crore reported in the same period last year.
While costs rose in tandem with scale, Titan managed to keep its balance. Total expenses for the quarter came in at Rs 20,580 crore, up from Rs 14,908 crore a year earlier, reflecting higher material consumption of Rs 14,588 crore and stock-in-trade purchases of Rs 2,539 crore. Advertising spend also nudged up to Rs 327 crore, underlining the company’s continued focus on brand visibility during peak demand periods.
Profit before tax for the quarter stood at Rs 1,971 crore, compared with Rs 1,320 crore in the year-ago period. After accounting for a tax outgo of Rs 501 crore, profit after tax rose to Rs 1,470 crore, marking a clear improvement over Rs 990 crore last year. Earnings per share for the quarter came in at Rs 16.57, up from Rs 11.16.
For the nine months ended December 2025, Titan reported total income of Rs 54,003 crore, against Rs 41,741 crore in the corresponding period last year. Profit after tax for the nine-month period stood at Rs 3,506 crore, up from Rs 2,465 crore, reinforcing the company’s steady trajectory through the financial year.
Operational metrics held firm despite cost pressures. Operating margin for the quarter improved to 9.7 per cent from 8.8 per cent a year ago, while net profit margin stood at 6.5 per cent, slightly ahead of last year’s 6.1 per cent. The company’s net worth rose to Rs 19,356 crore as of December 31, 2025, reflecting sustained balance sheet strength.
Titan’s performance underlines the resilience of discretionary spending in key categories such as jewellery and watches, even as consumers remain value-conscious. With festive demand lending a timely sparkle and margins staying intact, the company appears well-placed to carry its momentum into the final quarter of the financial year.
Brands
Lululemon picks former Nike executive to be its next chief
Heidi O’Neill, who helped grow Nike into a $45 billion giant, will take the top job in September
CANADA: Lululemon has found its next chief executive, and she comes with serious credentials. The athleisure giant named Heidi O’Neill as its new CEO on Wednesday, ending a search that has left the company running on interim leadership since earlier this year. O’Neill will take charge on September 8, 2026, based out of Vancouver, and will join the board on the same day.
O’Neill brings more than three decades of experience across performance apparel, footwear and sport. The bulk of that time was spent at Nike, where she was a central figure in one of corporate sport’s great growth stories, helping take the company from a $9 billion business to a $45 billion global powerhouse. She oversaw product pipelines, brand strategy and consumer connections, and played a significant role in shaping how Nike spoke to athletes around the world. Earlier in her career, she worked in marketing for the Dockers brand at Levi Strauss. She also brings boardroom experience from Spotify Technology, Hyatt Hotels and Lithia and Driveway.
The board was unequivocal in its enthusiasm. “We selected Heidi because of the breadth of her experience, her demonstrated success delivering breakthrough ideas and initiatives at scale, and her ability to be a knowledgeable change and growth agent,” said Marti Morfitt, executive chair of Lululemon’s board.
O’Neill, for her part, was bullish. “Lululemon is an iconic brand with something rare: genuine guest love, a product ethos rooted in innovation, and a global platform still in the early stages of its potential,” she said. “My job will be to accelerate product breakthroughs, deepen the brand’s cultural relevance, and unlock growth in markets around the world.”
Until she arrives, Meghan Frank and André Maestrini will continue as interim co-CEOs, before returning to their previous senior leadership roles once O’Neill steps in.
Lululemon is betting that a Nike veteran who helped build one of the world’s most powerful sports brands can do something similar for an athleisure label that has genuine love from its customers but is still chasing its full global potential. O’Neill has done it before at scale. The question now is whether she can do it again.
