Titan Q2 FY27: consolidated total income up 13.8% to ₹21,430 crores, PAT up 114%
Q2 FY27 consolidated total income up 13.8% to ₹21,430 crores, PAT up 114% to ₹2,393 crores, helped by a ₹671 crore one-off.
By ScoutQuest · · 1 min read
- Q2 FY27 total income
- ₹21,430 crores, up 13.8% from ₹18,837 crores
- Q2 FY27 PAT
- PAT rose 114% to ₹2,393 crores from ₹1,120 crores
- Q2 FY27 EBITDA
- EBITDA ₹3,800 crores at 17.9% margin against ₹1,987 crores at 12.1%
- Period
- Q2 FY27 and H1 FY27
- Positioning
- Titan presents itself as a multi-brand consumer company — jewellery (Tanishq, Mia, Zoya, beYon, CaratLane), watches, eyewear and emerging businesses such as fragrances and bags — in India and, with Damas, internationally.
📉 Q2 FY27 consolidated total income was ₹21,430 crores, up 13.8% from ₹18,837 crores, and EBITDA ₹3,800 crores at 17.9% margin against ₹1,987 crores at 12.1%. PAT rose 114% to ₹2,393 crores from ₹1,120 crores, but the P&L carries a ₹671 crore fair value change of put option liability over NCI, and other operating revenue fell 88% to ₹277 crores as bullion sales dropped to ₹226 crores from ₹2,430 crores.
🌍 Consumer businesses total income rose 24% to ₹19,828 crores with EBIT up 58% to ₹2,729 crores. Domestic jewellery (Tanishq, Mia, Zoya, beYon) grew c.20% YoY to ₹14,935 crores at a 14.3% EBIT margin, though the company states that excluding a one-time customs duty benefit of ₹490 crores, normalised EBIT was ₹1,652 crores at 11.1% margin. International business total income more than doubled to ₹1,199 crores, with Damas consolidated from Q4 FY26.
📉 For H1 FY27 the consolidated picture is similar: total income ₹42,932 crores, up 21%, EBIT ₹6,318 crores, up 78%, and PAT ₹4,170 crores, up 88.6%. Emerging businesses revenue was ₹171 crores, up 20.8%, and the presentation says combined losses narrowed to ₹6 crores from ₹24 crores, driven by higher profitability in fragrances.
📉 Not everything improved: CaratLane's EBIT margin fell 31 bps to 9.8%, international jewellery EBIT margin dropped to 1.7% from 2.8%, and the company says buyer growth for the jewellery portfolio was flat YoY with growth led by higher ticket sizes. On the balance sheet, current borrowings rose to ₹24,191 crores at Sep-26 from ₹11,285 crores at Mar-26 and inventories to ₹50,861 crores from ₹42,743 crores.
Also from Titan Company
Titan fully redeems commercial paper of ₹ 1600 crore on maturity
5 Nov 2026
Certificate on commercial paper proceeds: Rs. 13,750 crore CPs issued this financial year up to Sep 30, 2026
5 Nov 2026
Q2 results, Noel Tata's retirement, ₹2,500 crore NCDs and a new statutory auditor proposed
5 Nov 2026
More numbers
- Total income, Q2 FY27 (consolidated)21,430 (in ₹ crores)
- Profit after tax, Q2 FY27 (consolidated)2,393 (in ₹ crores)
- Total income YoY growth, Q2 FY27 (consolidated)13.8%
- EBITDA, Q2 FY27 (consolidated)3,800 (in ₹ crores)
- Fair value change of put option liability over NCI, Q2 FY27671 (in ₹ crores)
- Total income, H1 FY27 (consolidated)42,932 (₹ crores)
- Revenue, FY2676,078 (₹ crores)
- Domestic jewellery revenue (Tanishq, Mia, Zoya, beYon), Q2 FY27₹14,935 crores
- Current borrowings, Sep-26 (consolidated)24,191 (in ₹ crores)
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.