Titan Company recorded a c.25% YoY growth in its consumer businesses during Q2FY27. The company added 78 net stores to its network, bringing the total store count to 3,758 as of September 2026.

The filing, dated October 6, 2026, highlights strong momentum across key segments. Domestic operations grew 22% YoY, while international business surged 97% YoY. This international figure includes metrics from Damas Jewellery, which was consolidated into Titan effective January 2026. All figures are provisional and subject to limited review by statutory auditors.

Segment performance breakdown

The following table details the year-on-year growth and store additions for Titan's various business verticals in Q2FY27:

Note: Growth percentages are rounded to the nearest integer. Metrics exclude Bullion and Digi-gold sales. International business includes Damas Jewellery (67% holding).

Domestic business drivers

Jewellery The jewellery portfolio clocked c.21% YoY growth. Consumer demand remained healthy for most of the quarter but softened towards the close due to a shift in the festive calendar to Q3FY27. Studded jewellery grew strongly in the early thirties percent, aided by the 'Festival of Diamonds' campaign and brand-level promotions. Plain gold jewellery grew c.20% YoY. Investment-led coins demand tapered off from a high base, resulting in a high single-digit decline YoY. Buyer growth at a portfolio level was mid-single digits, while average ticket sizes saw double-digit growth.

Watches The watches division recorded robust c.30% YoY growth, driven by premiumization trends. Analog watches grew in the early thirties percent, while the smartwatches business saw a recovery with encouraging high single-digit growth.

EyeCare EyeCare delivered strong performance with c.28% YoY growth. The division cited focused execution, a multi-brand approach, and continuous upgrades to the existing store network as key drivers for enhancing customer experience.

Emerging Businesses Within emerging businesses, Fragrances clocked mid-thirties percent growth YoY. Women's Bags grew in the twenties percent range, while Taneira's growth was in high single digits YoY.

International expansion

The international segment showed significant acceleration. The combined jewellery businesses of Tanishq, Mia, and CaratLane maintained strong double-digit momentum in North America. In the GCC region, the business held up well despite a volatile geopolitical environment. Tanishq recorded improving growths, and Damas showed early signs of recovery.

What the numbers show

A divergence is visible between domestic and international growth rates. While the domestic portfolio grew 22% YoY, the international segment expanded 97% YoY. However, this international surge is heavily influenced by the consolidation of Damas Jewellery, which began in January 2026. Excluding this structural change, the organic momentum appears concentrated in high-margin categories like studded jewellery and analog watches, which grew faster than the overall domestic average.

Titan shares worth ₹35.26 crore were flagged by a real-time trade-scanning system on the NSE, with approximately 77,156 shares changing hands at a price of ₹4570.10 per share.

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Large-trade signal details

The following parameters were captured by the trade-scanning system at the time of flagging:

The signal reflects a cluster of trades in Titan shares printed within a short window at or near ₹4570.10, for a combined value of ₹35.26 crore. The activity was flagged by the system based on size and speed of execution and has not been confirmed by the exchange as an officially reported event.

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What this is, and isn't

What this is, and isn't: this reflects trade-level activity — a cluster of trades in the stock above, printed within a short window at or near the quoted price, for a combined value as stated. It is generated by our real-time trade-scanning system and is not, by itself, evidence of a block or bulk deal.

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