Titan posts 25% revenue growth in Q2FY27 across jewellery, watches

Titan reported a 25 per cent year-on-year growth in its revenue for the September quarter of FY27. The company's domestic consumer businesses grew 22 per cent, with its jewellery, watches, and emerging segments all posting robust expansion.

Titan's jewellery business delivered around 21% YoY growth in Q2FY27, led by studded jewellery in the early thirties and plain gold at 20%, with strong contributions from Tanishq, Mia, Zoya, beYon, and CaratLane. The flagship Tanishq brand, along with Mia, Zoya and beYon, recorded around 20% growth. CaratLane continued to outperform with 32% growth. Average ticket sizes in the jewellery division increased by double digits. The company noted a shift in buyer behaviour. "Buyer growth (at a portfolio level) came in mid-single digits with average ticket sizes seeing double-digit growth in this period," it said.

Watches and EyeCare show robust expansion

Titan's watches business grew around 30% YoY in Q2FY27. Within this segment, the smartwatches business saw a recovery with encouraging high single-digit growth. The EyeCare division reported around 28% YoY growth, supported by store network expansion. The EyeCare network stood at 847 stores at the end of September 2026, with average ticket sizes also growing in double digits.

Emerging businesses and international segments outpace domestic

Titan’s emerging businesses grew around 21% YoY overall in Q2FY27. The fragrances category clocked growth in the mid-thirties, while the ethnic wear brand Taneira recorded high-single-digit growth. The women’s bags category also saw growth in the twenties. Internationally, the jewellery business surged 97% YoY. This was driven by strong double-digit growth in North America for the Tanishq, Mia, and CaratLane brands. The GCC business held up well in a volatile geopolitical environment, with Tanishq recording improving growth and Damas Jewellery showing early signs of recovery. The international business total store count reached 164 as of September 2026.

Store expansion and coin demand trends

The company aggressively expanded its retail footprint while seeing a pullback in one specific demand area. The following table details the store additions by segment during the quarter:

In contrast to the broad growth, investment-led coin demand declined at a high single-digit rate from a high base in Q2FY27. Titan added 78 net stores during Q2FY27.