Titan Company Q2 profit more than doubles

Titan Company Limited reported consolidated net profit of ₹2,393 crore in Q2 FY27, up 113.7% year on year. Total income increased 14% to ₹21,430 crore. The result was stronger than the headline revenue growth suggests. Titan reported broad-based operating growth of about 25%, while jewellery remained a major contributor. Watches also delivered strong growth, supported by premiumisation and design-led products. The important point is that consumer demand remained resilient despite a strong base quarter and the festive calendar shifting toward Q3. This makes the upcoming festive period important for judging whether the operating momentum can continue. My view is constructive, but the next test is Q3 demand. I will watch jewellery sales, operating margins and whether the festive shift translates into sustained growth rather than simply moving revenue between quarters. Stance: Positive, subject to Q3 festive demand. TITAN