Athira Sethu
Kochi, 6 November 2026
Titan Company, an Indian jewelry and watches retailer, has recorded a 114% rise in its net profit in the second quarter of the fiscal year 2026-27.
Its net profit increased to ₹2,393 crore in the July-September quarter against ₹1,120 crore in the same quarter last year.
Besides, Titan has posted higher revenues, backed by robust sales of jewelry, watches, and eyewear products.
Revenue from operations has increased by 10% to ₹20,614 crore in comparison with ₹18,725 crore in the previous year.
Operating Profit Rises at Titan
The operating profit of Titan, also called as EBITDA, was recorded at ₹2,984 crore in comparison with ₹1,875 crore in the corresponding quarter last year.
Its operating profit margin has also risen to 14.48% in contrast with 10.01% in the previous year.
Titan MD & CEO Ajoy Chawla has said that the company has grown in its business despite the shift in the festive calendar.
He further said that there has been robust demand from the customers during most part of the quarter.
Jewellery Business Experiences Growth
For Titan, the jewellery business accounted for the most income earned.
The jewellery business experienced a growth of 24% to reach an income of ₹17,495 crore, excluding the bullion and digital gold revenues.
This growth was aided by Titan’s “Festival of Diamonds” campaign among others.
Moreover, the demand for diamond-embedded jewellery increased in the quarter under consideration.
Tanishq jewellery brand of Titan continues to do well in foreign markets like North America and Gulf nations.
Increase in Watches & Eyewear Revenues
In Titan’s watches business, there was a growth of 27% to generate ₹1,881 crore income.
The company attributed the success to customers’ continued interest in premium watches and analogue watches.
Titan’s eyewear business also fared well.
Its EyeCare business registered a growth of 28%, generating an income of ₹281 crore.
Titan Plans to Raise ₹2,500 Crore
While releasing its quarterly results, Titan announced that it would raise funds up to ₹2,500 crore through non-convertible debentures.
These are instruments used by companies to borrow money from investors.
The company’s board has approved this plan and empowered a committee to finalise the plan.
Titan added that it will go on to invest in new product launches and customer experiences as well as growth of its business.
The company is also working towards growth of its emerging businesses and building TEAL, which is the engineering arm of the company.
With increased profitability and good sales in jewellery, watches, and eyewear, Titan is growing its presence in India’s consumer retail market.
