Titan Q2 FY27: Consumer Biz Surges 25%, Jewellery Up 21%, Watches 30%
Titan Company Limited reported a 25% YoY growth in consumer businesses for Q2FY27. Jewellery grew 21%, Watches 30%, and EyeCare 28%. The company added 78 net new stores, bringing the total to 3,758. International business saw 97% growth.
The announcement provides a comprehensive quarterly update with substantial growth figures across key business verticals, impacting investor perception and company valuation.
The company reported strong year-on-year growth across multiple business segments, including a significant overall increase in consumer businesses, jewellery, and watches, indicating positive business performance.
Titan Company Limited has announced its quarterly update for the second quarter of Fiscal Year 2026-27 (Q2FY27), ending September 30, 2026. The company's consumer businesses collectively registered a robust year-on-year (YoY) growth of approximately 25% during the quarter.
The Jewellery division, encompassing brands like Tanishq, Mia, Zoya, and beYond, saw a YoY growth of around 21%. While consumer demand remained healthy for most of the quarter, there was a slight softening towards the end due to the festive calendar shifting to Q3FY27. Stadded jewellery experienced strong growth in the early thirties, and plain gold jewellery grew by approximately 20% YoY. The demand for investment-led coins tapered off from a high base, resulting in a high single-digit decline YoY. Buyer growth was in the mid-single digits, with average ticket sizes showing double-digit growth.
The Watches business demonstrated a strong YoY growth of about 30%, driven by premiumization trends, with analog watches showing healthy growth in the early thirties. The Smart Watches segment also saw a recovery, with encouraging high single-digit growth for the quarter.
The EyeCare division delivered a strong performance with approximately 28% YoY growth, attributed to focused execution on strategic priorities, a multi-brand approach, store network upgrades, and a sharper merchandise portfolio.
Emerging Businesses, including Fragrances, Women's Bags, and Taneira, also contributed positively. Fragrances clocked mid-thirties growth YoY, Women's Bags grew in the twenties, and Taneira saw high single-digit growth YoY.
The International business, which includes metrics from Damas Jewellery (67% holding consolidated effective January 2026), showed significant YoY growth of 97%. The Jewellery businesses of Tanishq, Mia, and CaratLane continued their double-digit momentum in North America, while the GCC business showed improving growth for Tanishq and early signs of recovery for Damas.
Overall, Titan added a net of 78 stores during the quarter, expanding its combined retail network to 3,758 stores as of September 2026. These figures are provisional and subject to a limited review by the company's statutory auditors.
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