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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Titan Company
Titan Company (TITAN) investor relations material
Titan Company Q2 26/27 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 26/27 earnings summary5 Nov, 2026
Executive summary
Q2FY27 consolidated total income rose 25% YoY to ₹20,533 crore, with growth across jewellery, watches, EyeCare, TEAL and international operations.
Consumer demand held up despite a strong prior-year base and festive demand shifting into Q3FY27.
Financial highlights
Q2 consolidated EBIT rose 59% YoY to ₹2,865 crore, PBT increased 53% to ₹2,329 crore and PAT rose 54% to ₹1,722 crore; PBT excluding customs-duty gains was ₹1,793 crore.
H1FY27 total income increased 32% to ₹41,286 crore; EBIT rose 59% to ₹5,647 crore and PAT increased 58% to ₹3,499 crore.
Q2 customs-duty gains totaled ₹536 crore: ₹490 crore in domestic jewellery and ₹46 crore at CaratLane.
Consolidated Q2 reported EBIT margin was 14.0%, up 299 bps YoY; PAT margin was 8.4%.
Outlook and guidance
FY27 jewellery margin stance remains around 11%, with growth prioritized and no change to the margin position during FY27.
Buyer growth is a primary growth lever; accessible lightweight, 18-carat and 14-carat studded jewellery is intended to broaden the buyer base.
Continued investment in innovation, brand equity, customer engagement and retail; TEAL cited a healthy order pipeline and opportunities in aerospace, electronics, semiconductors and new energy.
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Latest events from Titan Company
- Watch sales grew despite recession as a Rs. 225 crore expansion targeted global markets.TITAN
Q4 92/93 - Profit surged amid a contracting watch market, backed by expansion and new product ventures.TITANQ4 93/94
- Sales and profit surged as expansion shifted toward jewellery, exports and higher capacity.TITANQ4 94/95
- New watch operations delivered 48,521 sales, but FY ended with a Rs 5.04 lakh loss.TITANQ4 86/87
- First full-year profit as production scaled, but supply and import barriers clouded growth.TITANQ4 87/88
- Watch sales surged as local component and case manufacturing expanded.TITANQ4 88/89
- Sales and exports grew, but high interest costs and MAT reduced earnings.TITANQ4 96/97
- Profit after tax was Rs. 433.27 lakh as watch capacity expanded to 3 million.TITANQ4 89/90
- Higher profit and watch sales fund an ambitious capacity, export and product expansion.TITANQ4 91/92
Next Titan Company earnings date
Q3 26/2710 Feb, 2027
Titan Company
Next Titan Company earnings date
Q3 26/2710 Feb, 2027
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Frequently asked questions
Titan Company Limited sells watches, jewelry, eyewear, and other accessories and products. They offer their watches under the Titan Sports, Goliath, Classic Collection, SteelSeries, Great Eastern Shipping Collection, Reebok BigBrand, Premier Xcess, among others brand names. It carries out its watches business through retail stores and online stores such as eBay and Amazon. They also sell other luxury items such as cuff-links, ear studs, rings, pendants, necklaces, and other jewelry products through different brands.