Titan Q2FY27: Revenue Surges 25% to ₹20,533 Cr, PBT Jumps 53% to ₹2,329 Cr
Titan Company Limited reported a 25% YoY increase in Q2FY27 total income to ₹20,533 crore and a 53% jump in PBT to ₹2,329 crore. The Jewellery division grew 24%, Watches by 27%, and EyeCare by 28%. The company plans to raise up to ₹2,500 crore via NCDs and recommended Price Waterhouse as new auditors. Mr. Noel N. Tata will retire as Vice Chairman on November 12, 2026.
The substantial revenue and profit growth, coupled with a large fundraising initiative through NCDs and a change in statutory auditors, are material events that will significantly impact the company's financial standing and investor perception.
The company reported strong year-on-year growth in revenue and profit across key segments, alongside significant fundraising plans and auditor appointments, indicating positive financial performance and strategic financial management.
Titan Company Limited announced its unaudited standalone and consolidated financial results for the second quarter and half year ended September 30, 2026. The company reported a consolidated total income of ₹20,533 crore for the quarter, marking a 25% increase year-on-year. Profit Before Tax (PBT) saw a significant rise of 53% to ₹2,329 crore, with a margin of 11.3%. Excluding the impact of a custom duty increase in gold, PBT was ₹1,793 crore, up 18%.
The Jewellery division achieved a growth of 24% to ₹17,495 crore, driven by studded jewellery and brand promotions. The Watches portfolio grew by 27% to ₹1,881 crore, fueled by premiumization trends. The EyeCare business recorded a robust 28% growth to ₹281 crore.
In a significant corporate development, the Board of Directors approved a proposal for raising funds up to ₹2,500 crore through the issuance of rated, listed, redeemable, unsecured Non-Convertible Debentures (NCDs) on a private placement basis. 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. The company also announced the retirement of Mr. Noel N. Tata from the office of Vice Chairman and Director, effective November 12, 2026, acknowledging his valuable guidance and strategic direction over the years.
The Board meeting, which commenced at 2:00 p.m. and concluded at 4:15 p.m. on November 5, 2026, also approved the Unaudited Standalone and Consolidated Financial Results for the second quarter and half year ended September 30, 2026. B S R & Co., LLP, the Statutory Auditors, issued a Limited Review Report with an unmodified opinion.
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Titan Company Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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