Analysts remain positive on Titan after its Q2 earnings, citing resilient jewellery demand, improving watch and eyewear performance, and stronger festive prospects in Q3
Titan Company's consolidated net profit in the second quarter of the ongoing financial year (Q2FY27) was up 113.7 per cent at ₹2,393 crore.
Hindalco Industries, Honasa Consumer, Siemens, Aster DM Quality Care, Blue Dart Express, Bombay Dyeing & Manufacturing Company are among the companies to report Q2FY27 results.
Noel Tata will retire from Titan's board after more than 23 years, while the company's Q2FY27 net profit rose 113.7 per cent to ₹2,393 crore, aided by a one-time gain
Titan is expected to post 16-18.8 per cent revenue growth and 20-26.8 per cent profit growth in Q2FY27.
Titan's luxury jewellery brand ZOYA aims to grow revenue from ₹400 crore to ₹500 crore in FY27 and expand its store network from 14 to 17, backed by strong demand for luxury jewellery
Festival shift weighs on sales; better mix supports margins
Titan Co Ltd, the country's leading branded jewellery and watchmaker, reported a 25 per cent year-on-year growth in its revenue for the September quarter of FY27, driven by performances across its jewellery, watches and eyewear segments. However, the growth momentum moderated on a sequential basis, with revenue growth in the September quarter at 25 per cent, compared with over 40 per cent in each of the preceding three quarters. Titan had reported 40 per cent growth in standalone revenue in the December quarter of FY26, which further accelerated to 46 per cent in the March quarter. It had reported 41 per cent revenue growth in the June quarter of FY27. In the September quarter, its jewellery division, which contributed 91.5 per cent of its over Rs 75,000 crore revenue in FY26, reported 21 per cent growth. Titan, which operates in the branded jewellery segment with its flagship brand Tanishq and other brands, including Mia, Zoya, beYon and CaratLane, said consumer demand remained ..
Leading watchmaker Titan Company, which has been expanding its premium and luxury watch portfolio, is open to acquiring or investing in smaller and emerging brands as part of its growth strategy, a top company official said. The Tata group firm expects a "robust" festive season this year, driven by healthy consumer demand and an early wedding season coinciding with a delayed Diwali, said Titan Company Chief Marketing Officer Ranjani Krishnaswamy. She also acknowledged that the company is working to keep pace with rising demand. "We are looking at a very robust demand. We are seeing a very healthy start to the festive season. We are very optimistic and, hand on heart, we are struggling to ensure we have the capacity to service demand," Krishnaswamy told PTI. When asked about acquisition as part of its growth journey, she said Titan is evaluating opportunities that may complement its long-term growth ambitions and help deepen its presence across segments and markets. Pointing to the
Analysts attribute the decline in most jewellery stocks to profit booking by investors and an appeal by PM Modi to avoid buying gold if not needed.
While gold has traditionally been a dormant store of value for Indian households, the current price upcycle is increasingly turning the asset into a source of liquidity through gold-backed loans.
A sentiment knock across the pack was the realistic expectation, said Anirudh Garg, Fund Manager and Partner, INVasset PMS, with the magnitude inversely proportional to succession clarity.
Four stocks, namely Trent, Nelco, Tata Investment Corporation and Titan Company, have seen a whopping 1,707 per cent to 1,018 per cent rise in almost 9.5 years.
Most of the group stocks such as TCS, Titan, Tata Communications and Tata Motors PV traded with cuts of up to 4 per cent in intraday deals on Wednesday.
Titan's robust June-quarter performance and growth outlook have prompted earnings upgrades, with jewellery demand, market-share gains and execution supporting prospects
India has a strong opportunity to emerge as a global hub for design-led jewellery manufacturing, supported by its manufacturing capabilities, craftsmanship and more FTAs, says Senco Gold.
Titan Company's consolidated net profit during the first quarter of the financial year rose 62.9 per cent year-on-year, on the back of strong sales.
The growth momentum witnessed in the first quarter of the current fiscal has continued in July, Titan Managing Director Ajoy Chawla said, adding that the company is on course to deliver the improvement targets after a strong start this fiscal year. "The growth we have seen in the first quarter, and we are also seeing that July is not bad. I am seeing a certain positivity so far in the last four months," Chawla said, addressing analysts after the company's June quarter earnings. While acknowledging that near-term performance would depend on external factors, he said Titan remains on track to achieve the growth trajectory outlined earlier and could even do better this year. "We think we are on trajectory for delivering the kind of growth that we had promised on the Investor Day, and we hope that we can, in fact, better it in the current year because we have started very well," he said. On the jewellery business, which contributes around 90 per cent of Titan's topline, Chawla reiterat
Leading jewellery and watchmaker Titan Company Ltd on Friday reported a 62.87 per cent rise in consolidated net profit to Rs 1,777 crore for the June quarter of FY27, led by jewellery business. The company had posted a net profit of Rs 1,091 crore in the April-June period a year ago, according to a regulatory filing. Its sales were up 40.31 per cent year-on-year at Rs 20,787 crore in the June quarter of FY27, from Rs 14,814 crore in the corresponding quarter a year ago. Total expenses of Titan increased 26 per cent YoY to Rs 19,075 crore in the June quarter. Its Jewellery business, which contributes around 90 per cent of the business, was up 29.73 per cent to 19,002 crore in Q1 FY27, compared to Rs 14,647 crore in the corresponding quarter of the preceding fiscal. Titan's total consolidated income increased 29.3 per cent to Rs 21,502 crore in the quarter under review. Shares of Titan Company Ltd on Friday settled at Rs 4,943 apiece, down 0.82 per cent, on the BSE.
Q1FY27 company results: Firms including Oil India, Power Finance Corporation, BEML, Godrej Consumer Products, and The Ramco Cements are also to release their April-June earnings today