The call ran from 6:01 PM to 6:57 PM IST (56 min).
Key takeaways
Consolidated growth called 'fantastic', but jewellery margin of 11.1% is normalized and excludes ₹490 Cr duty gain and ₹671 Cr Damas write-back. TMZ buyer growth flat; festive soft; October undisclosed.
| Revenue growth | Consolidated growth called 'fantastic'; no figure stated. |
|---|---|
| Margins | Jewellery normalized 11.1%; Caratlane pressured, targets 8-9% recovery. |
| Demand visibility | Festive soft mid-season; investment buying weak; studded strong; October undisclosed. |
| Management confidence | Optimistic on headline; hedged on festive, October sales, and margins. |
Growth
Revenue figure not stated; buyer growth flat; ₹490 Cr jewellery and ₹46 Cr Caratlane duty gains inflate reported profit.
Outlook
Jewellery margin anchored ~11% for FY27; Caratlane EBIT margin to rise from 8-9% over next couple of years.
Risks
Gold discounting and grey-channel competition pressure realisation; Caratlane margin reportedly ~6.5%; October sales withheld.
Summary by ALFA Finder, written with AI assistance from our own recording of the call, published . Open it on ALFA Filings ›
The results behind this call
Titan Company Q2 FY27 Results: Net Profit ₹2,393 Cr, Up 113.7% YoY
Titan Company Ltd reported revenue from operations of ₹20,614 Cr (+10.1% YoY) and net profit of ₹2,393 Cr (+113.7% YoY) for Q2 FY27.
- Key figure
- Net profit ₹2,393 Cr · +113.7% YoY
What management said last time
Full summary →From the call summary published .
Outlook they gave
Initial rollout of 8-10 stores in Mumbai/NCR to test unit economics.
Growth they described
LGD segment represents 2-4% of market; Beyond targets aggressive adoption via 23k-25k/carat pricing.
Call details
| Company | Titan Company Ltd |
|---|---|
| NSE symbol | TITAN |
| ISIN | INE280A01028 |
| Call | Q2 FY27 earnings call |
| Date | Thursday, 5 November 2026 |
| Time | 6:00 PM IST |
| Length | 56 min |
| Audio | Our stream on YouTube ↗ |
Titan Company Ltd: key numbers
- Share price
- ₹4,834.60
- Market cap
- ₹4,29,209 Cr
- Revenue (annual)
- ₹87,584 Cr
- Net profit (annual)
- ₹5,073 Cr
- P/E (TTM)
- 74.5×Sector 34.2×
- Promoter holding
- 52.90%+0.00% QoQ
- FII holding
- 16.37%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
Other calls on Thu, 5 Nov
Today's concalls →
