Titan Company announced its Q2 FY27 results, showcasing a robust performance with total income up 25% to ₹20,533 crore. Profit Before Tax (PBT) saw a substantial increase of 53%, reaching ₹2,329 crore. The Jewellery division led the growth with a 24% increase in sales, while the Watches segment also performed strongly, growing 27%.
Titan Extends Strong Run in Q2 FY27
Titan Company Limited announced its Q2 FY27 results, highlighting a period of significant growth across its businesses. The company reported a 25% increase in total income for the quarter, reaching ₹20,533 crore compared to Q2 FY26. This strong performance underscores the sustained healthy growth momentum.
Profitability Surge
Profitability saw a substantial uplift, with Profit Before Tax (PBT) increasing by 53% to ₹2,329 crore, achieving a margin of 11.3%. Adjusting for the impact of custom duty increases, the PBT was ₹1,793 crore, still representing an 18% rise. Profit after tax also rose significantly by 54% to ₹1,722 crore.
Key Segment Performance
Jewellery
The Jewellery division demonstrated strong traction, with a 24% growth to ₹17,495 crore (excluding Bullion and Digi-gold sales). This growth was driven by strong performance in the studded jewellery category and successful brand promotions, indicating resilient consumer demand.
Watches
The Watches portfolio delivered one of its strongest quarterly performances, growing 27% to ₹1,881 crore. This surge is attributed to continuing premiumization trends and enduring consumer preference for analog timepieces. Titan also marked a milestone by introducing Vetra, its in-house watch movement.
EyeCare
The EyeCare business accelerated its growth, achieving a 28% increase to ₹281 crore. This was driven by focused execution, a multi-brand approach, an upgraded store network, and a sharpened merchandise portfolio.
Board Decisions
The Board of Directors also approved the Unaudited Standalone and Consolidated Financial Results for the second quarter and half year ended 30th September 2026. Additionally, the Board recommended the appointment of Price Waterhouse Chartered Accountants LLP as the Statutory Auditors for a period of five years, subject to shareholder approval. A proposal to raise funds of up to ₹2,500 crore through the issuance of Non-Convertible Debentures (NCDs) was also approved.
Retirement of Mr. Noel N. Tata
The company announced the retirement of Mr. Noel N. Tata from the office of Vice Chairman and Director, effective 12th November 2026. Mr. Tata has been associated with the company since August 2003 and his contributions were greatly appreciated.
Source: BSE
