Titan Company Consumer Business Grows 25% In Q2 FY27; Shares Fall 4%

Mumbai, October 7: Titan Company Limited reported 25% year-on-year growth in its consumer businesses for Q2 FY 2026-27, with the company adding 78 net stores during the quarter and taking its combined retail network to 3,758 stores.

According to the company’s quarterly update, the domestic consumer businesses recorded 22% year-on-year growth during the quarter, while international businesses grew 97%. The figures are provisional and cover the period ended September 30, 2026.

Jewellery remained the largest contributor to the domestic portfolio, with 21% year-on-year growth. The company added 42 net jewellery stores during the quarter, taking the network to 1,269 stores.

The Watches business recorded 30% growth and added 34 stores, taking its total to 1,379. EyeCare grew 28% year-on-year, while Emerging Businesses registered 21% growth and added one store.

Stock Market Snapshot

The Titan Company share price stood at ₹4,368.10 as of 9:38:44 AM IST on October 7, 2026, according to the market data.

The stock was down ₹181.90, or 4%, at the time. Shares came under pressure soon after the start of the reported trading session and remained below ₹4,400 in early trade.

The decline came as Titan Company disclosed its Q2 FY27 consumer business update.

Jewellery, Watches And EyeCare Drive Domestic Growth

Titan said its jewellery portfolio recorded around 21% growth during Q2, supported by consumer demand during most of the quarter. The company noted that demand began shifting towards the end of the quarter as the festive calendar moved towards Q3 FY27.

Within jewellery, Tanishq, Mia, Zoya and beYon together recorded 20% growth. CaratLane grew 32%, while the Watches business benefited from premiumisation trends and reported 30% growth.

The EyeCare division grew 28%, supported by focused execution across key strategic priorities, continued upgrades of the existing store network and a sharper merchandise portfolio.

International Jewellery Business Reports Strong Growth

Titan’s international jewellery businesses, including Tanishq, Mia and CaratLane, recorded 97% year-on-year growth in Q2 FY27, although the network added one net store during the quarter.

The company said its GCC business maintained double-digit momentum despite a volatile geopolitical environment, while Tanishq’s performance in North America continued to improve. Titan also noted early signs of recovery for Damas.

The combined consumer business network stood at 3,758 stores as of September 26, 2026, including 3,594 domestic stores and 164 international stores.

Conclusion

Titan Company’s Q2 FY27 update points to broad-based growth across its consumer portfolio, led by jewellery, watches and EyeCare. The 25% consolidated growth came alongside 78 net store additions during the quarter.

The company cautioned that the reported figures are provisional and subject to limited review by its statutory auditors. The quarterly update covers the period ended September 30, 2026.

Source:

• https://www.nseindia.com/get-quote/equity/TITAN/Titan-Company-Limited
• https://nsearchives.nseindia.com/corporate/TITAN_06102026182232_Q2update202627.pdf