Titan stock: Q2 profit surges as jewellery leads growth

Published on 11/13/2026 at 02:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Titan stock remains in focus after the company reported a sharp second-quarter profit increase. Jewellery, watches and EyeCare all expanded.

Profit growth broadens across businesses

Jewellery remained Titan's main growth engine, while watches and EyeCare also expanded in the second quarter.
Adjusted profit before tax still rose after excluding the gold customs-duty effect.
The board approved a potential INR 25 billion non-convertible debenture issue, while Noel Tata retired from the board on November 12.

Titan, INE280A01028, Illustration mit AI erstellt.

Titan Company reported broad-based growth in the second quarter of fiscal 2027, according to CNBC TV18 on November 5. Standalone net profit rose 56.3 percent year on year to INR 15.72 billion, while revenue from operations increased 7.8 percent to INR 178.30 billion.

EBITDA climbed 62.1 percent to INR 26.26 billion and the margin widened to 14.7 percent from 9.8 percent. Profit before tax rose 53 percent to about INR 23.29 billion, although the customs-duty effect contributed to the reported increase. Excluding that effect, profit before tax stood at about INR 17.93 billion, up 18 percent.

Jewellery drives the portfolio

Jewellery revenue increased 24 percent to about INR 174.95 billion, excluding bullion and digital gold sales. Domestic jewellery revenue rose 21 percent to INR 163.43 billion, while CaratLane grew 31 percent to about INR 14.08 billion. The jewellery division added 42 net stores in India during the quarter.

Watches generated about INR 18.81 billion in total income, up 27 percent, with EBIT of about INR 4.12 billion and a 21.9 percent margin. Analog watches grew in the early thirties, while the smartwatch business returned to growth. EyeCare income rose 28 percent to about INR 2.81 billion.

Stock context and capital plans

Titan stock traded at INR 4,921.90 on the NSE at 3:29:09 p.m. IST on Thursday, November 12, 2026. The company also approved plans to raise up to INR 25 billion through rated, listed, redeemable, unsecured non-convertible debentures on a private-placement basis.

Titan's retail-led business

Titan Company operates consumer businesses spanning branded jewellery, watches, eyewear and emerging lifestyle categories. Its portfolio includes Tanishq, Mia, Zoya, CaratLane, Titan, Fastrack and EyeCare, with domestic retail operations supplemented by international jewellery activities. The business is positioned as a broad Indian branded-consumption platform, with jewellery as its largest segment and watches and eyewear providing additional diversification.