Titan Q2 results: profit after tax rises 54% to Rs 1,722 crore as jewellery grows 24%

Titan Company’s consolidated profit after tax rose 54% to Rs 1,722 crore in the quarter ended September 30, 2026 (Q2 FY27), from Rs 1,120 crore a year earlier, according to the company’s press release filed with the exchanges on November 5, 2026. These Titan Q2 results also show total income up 25% to Rs 20,533 crore, with every major business growing.

Titan Q2 results: key numbers

The figures below are consolidated and in Rs crore, as stated in the company’s press release. Total income excludes bullion and digi-gold sales.

Measure (Rs crore)	Q2 FY27	Q2 FY26	Change
Total income	20,533	16,407	25%
EBIT (earnings before interest and tax)	2,865	1,799	59%
Profit before tax	2,329	1,522	53%
Profit after tax	1,722	1,120	54%

Why Titan’s profit grew faster than income

The company says profit before tax includes custom duty gains of Rs 536 crore in the quarter. After adjusting for the impact of the gold custom duty increase, profit before tax was about Rs 1,793 crore at an 8.7% margin, up 18%. So most of the faster profit growth came from this item, not from operations alone.

Jewellery grew 24% to Rs 17,495 crore, with studded jewellery growing in the early thirties, the company said. Watches grew 27% to Rs 1,881 crore and EyeCare grew 28% to Rs 281 crore. Titan said the festive calendar shifted into Q3 FY27, yet demand held up for most of the period, according to managing director Ajoy Chawla.

Two profit figures

CNBC-TV18 reported net profit of Rs 1,572 crore against Rs 1,006 crore, up 56.3%. The press release excerpt we reviewed gives profit after tax of Rs 1,722 crore against Rs 1,120 crore. We use the filing figure; the full statement should confirm how the two are defined.

Other board decisions

The board also approved raising up to Rs 2,500 crore through unsecured non-convertible debentures on a private placement basis. Noel N. Tata will retire as vice chairman and director from November 12, 2026, under Tata Group governance guidelines. Price Waterhouse Chartered Accountants LLP was recommended as statutory auditor, subject to shareholder approval.

What to watch next

In our view, the next quarter is the one to follow, because the festive season now falls in Q3 FY27 and the custom duty gain may not repeat. Read more in our results news.