News ArticleTitan Company Limited Achieves 25% Revenue Growth and 53% Profit Increase in Q2 FY2026-27
Jewellery sales up 24%, Watches and EyeCare post strong growth; Board approves ₹2,500 crore NCD issuance and auditors appointment
Titan Company Limited posted a 25% increase in consolidated total income to ₹20,533 crore for Q2 FY2026-27, with profit before tax rising 53% to ₹2,329 crore. The jewellery business grew 24%, supported by strong studded jewellery demand, while Watches and EyeCare segments also recorded robust growth, contributing to the company's broad-based performance in the quarter.
Titan Company Limited
Financial Results
Titan Company Limited announced strong financial performance for the second quarter ending 30th September 2026, with consolidated total income rising 25% to ₹20,533 crore and profit before tax increasing 53% to ₹2,329 crore. The jewellery portfolio showed 24% growth, while Watches and EyeCare also delivered significant increases, underpinning overall business expansion.
The consolidated earnings before interest and tax (EBIT) reached ₹2,865 crore at a margin of 14.0%, marking a 59% increase over the same quarter last year. Profit after tax also increased by 54% to ₹1,722 crore for the quarter.
The Jewellery segment grew 24% to ₹17,495 crore excluding bullion and Digi-gold sales, driven by strong demand for studded jewellery during the festive period and various brand promotions. Within this segment, the India jewellery business increased 21% to ₹16,343 crore, with Tanishq, Mia, and Zaya brands growing 20%, and CaratLane rising 31%. The international jewellery business grew 105% to ₹1,152 crore.
Watches reported 27% growth to ₹1,881 crore, supported by a rise in premium analog timepieces. The EyeCare segment grew 28% to ₹281 crore due to multi-brand strategies and an enhanced store network.
The Board has approved the appointment of Price Waterhouse Chartered Accountants LLP as statutory auditors for a five-year term from 2027, subject to shareholder approval. Additionally, Titan plans to raise up to ₹2,500 crore through the issuance of rated, listed, redeemable, unsecured Non-Convertible Debentures on a private placement basis, with a committee authorized to finalize issuance terms.
As per Tata Group Governance Guidelines, Mr. Noel N. Tata will retire as Vice Chairman and Director on 12th November 2026 after 23 years’ association. The Board expressed gratitude for his contributions.
Highlights
- Consolidated total income of ₹20,533 crore for Q2 FY2026-27, a 25% increase year-over-year.
- Profit before tax grew 53% to ₹2,329 crore; adjusted profit before tax (excluding custom duty gains) was ₹1,793 crore at 8.7% margin, up 18%.
- Jewellery business revenue rose 24%, with India jewellery income up 21% and international jewellery doubling to ₹1,152 crore.
- Watches segment grew 27% to ₹1,881 crore; EyeCare increased 28% to ₹281 crore.
- Board approved appointment of Price Waterhouse LLP as statutory auditors from FY2027 to FY2032, subject to shareholder approval.
- Board authorized issuance of unsecured NCDs up to ₹2,500 crore via private placement.
Key Data Snapshot
What happened
- Titan Company reported a 25% increase in consolidated total income to ₹20,533 crore for Q2 FY2026-27.
- Profit before tax increased by 53% to ₹2,329 crore, with adjusted PBT excluding custom duty gains up 18% at ₹1,793 crore.
- Jewellery division increased revenue by 24%, driven by strong studded jewellery sales during festive period.
- Watches segment grew 27%, benefiting from premiumization trends and robust demand for analog timepieces.
- EyeCare segment grew 28% fueled by enhanced store experience and multi-brand strategy.
Financial performance
- EBIT increased 59% to ₹2,865 crore with a margin of 14.0%.
- India Jewellery business revenue rose 21% to ₹16,343 crore, with EBIT margin at 14.0%, adjusted EBIT margin at 10.7% excluding custom duty gains.
- International Jewellery revenue doubled to ₹1,152 crore with a small EBIT profit.
- Watches and EyeCare businesses recorded strong growth, contributing significantly to overall performance.
Transaction details
- Board approved proposal to raise funds up to ₹2,500 crore through issuance of rated, listed, redeemable, unsecured Non-Convertible Debentures by private placement.
- Committee authorized to finalize terms and allotment for the NCD issuance.
- Price Waterhouse Chartered Accountants LLP recommended as statutory auditors for a five-year term from 2027, subject to shareholder approval.
Regulatory and governance context
- Mr. Noel N. Tata will retire as Vice Chairman and Director effective 12th November 2026 after 23 years with the company.
- Board expressed appreciation for his contributions to Titan's growth and governance.
- Disclosures related to auditor appointment and director retirement filed as per SEBI Listing Regulations.
Highlights
- Consolidated total income of ₹20,533 crore for Q2 FY2026-27, a 25% increase year-over-year.
- Profit before tax grew 53% to ₹2,329 crore; adjusted profit before tax (excluding custom duty gains) was ₹1,793 crore at 8.7% margin, up 18%.
- Jewellery business revenue rose 24%, with India jewellery income up 21% and international jewellery doubling to ₹1,152 crore.
- Watches segment grew 27% to ₹1,881 crore; EyeCare increased 28% to ₹281 crore.
- Board approved appointment of Price Waterhouse LLP as statutory auditors from FY2027 to FY2032, subject to shareholder approval.
- Board authorized issuance of unsecured NCDs up to ₹2,500 crore via private placement.
Disclosures
- SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015
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