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Leading jewellery and watchmaker Titan Company Ltd on Tuesday (October 6) reported 25% year-on-year growth in its consumer businesses for the second quarter of fiscal 2027 (Q2 FY27), with the company adding 78 stores on a net basis during the quarter.
The combined retail network of Titan's consumer businesses stood at 3,758 stores as of September 2026. Domestic businesses grew 22% year-on-year, while international business grew 97%.
Jewellery business grows 21%
Titan's jewellery portfolio, across all brands, recorded around 21% year-on-year growth in Q2 FY27. Consumer demand remained healthy for most of the quarter, with some softening towards the end as the festive calendar shifted to Q3 FY27.
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The company said its 'Festival of Diamonds' campaign and brand-level promotions supported growth. Studded jewellery grew in the early thirties, while plain gold jewellery grew around 20% year-on-year.
Investment-led coins demand declined in the high single digits year-on-year from a high base. Buyer growth at the portfolio level was in the mid-single digits, while average ticket sizes grew in the double digits.
The jewellery business added 42 stores during the quarter, taking its total store count to 1,269. Tanishq, Mia, Zoya and beYon together grew 20% year-on-year, with 29 net store additions taking their total to 875. CaratLane grew 32%, adding 13 stores to reach 394.
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Watches grow 30%
The watches business recorded around 30% year-on-year growth in Q2 FY27. Analog watches grew in the early thirties, supported by premiumisation trends, while the smart watches business recovered with high single-digit growth during the quarter.
The watches business added 34 stores, taking its total store count to 1,379.
EyeCare grows 28%
Titan's EyeCare division grew around 28% year-on-year during the quarter.
The company attributed the growth to execution across key strategic priorities, a multi-brand approach, continued upgrades to its existing store network and a sharper merchandise portfolio.
EyeCare had 847 stores as of September 2026.
Emerging businesses grow 21%
Titan's emerging businesses grew 21% year-on-year. Within the portfolio, fragrances grew in the mid-thirties, women's bags grew in the twenties, while Taneira recorded high single-digit year-on-year growth.
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The emerging businesses added one store during the quarter, taking the total to 99 stores.
business grows 97%
Titan's international business grew 97% year-on-year, with one net store added during the quarter, taking the total store count to 164. The international jewellery businesses of Tanishq, Mia and CaratLane continued to record strong double-digit growth in North America.
The Gulf Cooperation Council (GCC) business held up well in a volatile geopolitical environment, with Tanishq recording improving growth. Damas showed early signs of recovery.
The international business includes metrics of Damas Jewellery, in which Titan has a 67% holding and which was consolidated into Titan from January 2026.
Consumer business network expands
Titan's domestic consumer businesses had 3,594 stores as of September 2026, with 77 net additions during Q2 FY27.
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The jewellery, watches, EyeCare and emerging businesses together recorded 3,594 domestic stores, while the combined consumer businesses, including international operations, had 3,758 stores. Titan said the Q2 FY27 information is provisional and subject to limited review by its statutory auditors.
Shares of Titan Company Ltd ended at ₹4,540.00, down by ₹60.00, or 1.30%, on the BSE.
