Titan Company has announced robust financial results for the second quarter of FY27, with total income rising 25% year-on-year to ₹20,533 crore. Profit before tax saw a significant surge of 53% to ₹2,329 crore, reflecting strong performance across its Jewellery, Watches, and EyeCare divisions. The company highlighted broad-based growth and healthy consumer demand during the festive-aligned quarter.
Titan Reports Strong Q2 FY27 Performance
Titan Company Limited today announced its financial results for the second quarter ended 30th September 2026, showcasing a strong performance with a 25% increase in total consolidated income, reaching ₹20,533 crore compared to the same period last year. This sustained growth momentum was driven by the company’s diverse business verticals.
Profitability Surge
The company’s profitability also saw a substantial jump, with Profit Before Tax (PBT) increasing by 53% to ₹2,329 crore, achieving a margin of 11.3%. Even after adjusting for the impact of custom duty increase on gold, the PBT stood at ₹1,793 crore, up 18% year-on-year with an 8.7% margin.
Key Business Highlights
Jewellery division experienced a 24% growth, contributing ₹17,495 crore in revenue, fueled by promotions and strong demand for studded jewellery.
The Watches segment delivered one of its strongest quarterly performances with a 27% growth to ₹1,881 crore, driven by premiumization and consumer preference for analog timepieces. Titan also introduced ‘Vetra’, its in-house watch movement, marking a milestone in its horological capabilities.
EyeCare achieved a robust 28% growth, with revenues of ₹281 crore, attributed to focused execution, an upgraded store network, and a refined merchandise portfolio.
Emerging businesses also contributed positively, while TEAL reported a 53% growth in total income to ₹636 crore.
Strategic Developments
The Board of Directors approved the financial results and also announced the retirement of Mr. Noel N. Tata as Vice Chairman and Director, effective 12th November 2026. In a significant strategic move, the Board approved the appointment of Price Waterhouse Chartered Accountants LLP as the Statutory Auditors for a period of five years, subject to shareholder approval. Furthermore, the company plans to raise funds up to ₹2,500 crore through the issuance of rated, listed, redeemable, unsecured Non-Convertible Debentures (NCDs) on a private placement basis.
Source: BSE
