Key Performance Metrics

Titan Company's Consumer Businesses registered approximately 25% year-on-year growth in Q2FY27 (Q2FY27 vs Q2FY26). The company added 78 net stores during the quarter, expanding the combined retail network presence to 3,758 stores as of September 2026.

Business Segment Performance

Domestic Operations

Jewellery Portfolio (Tanishq, Mia, Zoya, beYon):

  • Growth: Approximately 21% YoY
  • Store Additions: 42 net stores in Q2FY27
  • Total Stores: 1,269 as of September 2026
  • Performance Details: Consumer demand was healthy for most of the quarter with some softening towards the close due to shift in festive calendar to Q3FY27. Studded jewellery grew strongly in the early thirties percentage range aided by 'Festival of Diamonds' and brand-level promotions. Plain gold jewellery grew approximately 20% YoY. Investment-led coins demand tapered (off a high base), resulting in high single-digit decline YoY. Buyer growth at portfolio level came in mid-single digits with average ticket sizes seeing double-digit growth.

CaratLane:

  • Growth: Approximately 32% YoY
  • Store Additions: 13 net stores in Q2FY27
  • Total Stores: 394 as of September 2026

Watches:

  • Growth: Approximately 30% YoY
  • Store Additions: 34 net stores in Q2FY27
  • Total Stores: 1,379 as of September 2026
  • Performance Details: Analog watches clocked healthy growth in the early thirties, continuing strong premiumization trends. Smart Watches business saw recovery with encouraging high single digit growth.

EyeCare:

  • Growth: Approximately 28% YoY
  • Store Additions: No net additions in Q2FY27
  • Total Stores: 847 as of September 2026
  • Performance Details: Driven by focused execution across key strategic priorities. Multi-brand approach, continuous upgradation of existing store network, and sharper merchandise portfolio are enhancing customer experience.

Emerging Businesses:

  • Growth: Approximately 21% YoY
  • Store Additions: 1 net store in Q2FY27
  • Total Stores: 99 as of September 2026
  • Segment Breakdown: Fragrances clocked mid-thirties growth YoY, Women's Bags grew in the twenties YoY, and Taneira's growth was in high single digits YoY.

International Operations

  • Growth: Approximately 97% YoY
  • Store Additions: 1 net store in Q2FY27
  • Total Stores: 164 as of September 2026
  • Performance Details: Jewellery businesses of Tanishq, Mia and CaratLane (combined) continued strong double-digit momentum in North America. GCC business held up well in volatile geopolitical environment with improving growth for Tanishq. Damas (67% holding consolidated in Titan effective January 2026) showed early signs of recovery.

Important Notes

  • Growth percentages are rounded to the nearest integer
  • Metrics exclude Bullion and Digi-gold sales
  • International Business includes metrics of Damas Jewellery (67% holding) that was consolidated in Titan effective January 2026
  • The information for the period ended 30th September 2026 is provisional and subject to Limited Review by Statutory Auditors of the Company