Titan Company jumps after Q2 PAT more than doubles to Rs 2,393 cr
The jewellery business registered 24% growth in income to Rs 17,495 crore compared with Q2 FY26. Within the segment, income from the India business increased 21% to Rs 16,343 crore, while the international business recorded 105% growth to Rs 1,152 crore.
During the quarter, the jewellery division added a net 42 stores in India, comprising seven Tanishq, 18 Mia, four beYon and 13 CaratLane outlets. Tanishq also inaugurated a new store in Los Angeles, USA.
The watches business delivered a strong performance, with analogue watches recording growth in the early thirties. The division's total income increased 27% YoY to Rs 1,881 crore during the quarter. It added a net 34 stores in India, including 17 Titan World, seven Fastrack, three Helios, six Helios Luxe and one Nebula outlet.
EyeCare clocked a robust 28% growth to Rs 281 crore, supported by its multi-brand strategy, expansion of its upgraded store network and an enhanced merchandise portfolio.
The emerging businesses, including SKINN Fragrances, IRTH Women's Bags and Taneira, recorded healthy double-digit growth. Their combined income increased 21% YoY to Rs 171 crore in Q2 FY27, while the segment reported a loss of Rs 6 crore.
Titan Engineering & Automation (TEAL) reported a 53% YoY increase in total income during the quarter.
Ajoy Chawla, managing director, Titan Company, said, ?Q2FY27 was a quarter of healthy, broad-based growth for Titan, with our businesses registering 25% consolidated operating growth YoY. A strong base quarter and a notable shift in the festive calendar into Q3FY27 notwithstanding, consumer demand held up well for most of the period.
Our Jewellery business grew well with design-led collections and attractive consumer offers resonating across markets and age groups. Watches business delivered an excellent quarter, building further on premiumisation and design differentiation; The EyeCare business sustained its momentum on sharp execution and a steadily improving customer experience. Our emerging businesses are scaling well while TEAL continues grow from strength to strength and raise the bar of excellence in high-precision engineering.?
Meanwhile, the company's Vice Chairman and Director, Noel N. Tata, will retire from his position with effect from 12 November 2026. He has been associated with Titan since August 2003 and has provided strategic guidance and direction to the company during his tenure.
Separately, the company's board approved a proposal to raise funds of up to Rs 2,500 crore through the issuance of rated, listed, redeemable and unsecured non-convertible debentures (NCDs) on a private placement basis.
Titan Company is a leading lifestyle company and a joint venture between the Tata Group and TIDCO. Established in 1987, it operates across jewellery, watches, eyewear and other lifestyle categories through brands such as Tanishq, Titan, Titan Eye+, Skinn, Taneira, Irth and beYon, and is known for pioneering organised retail and premium consumer brands in India.
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