Titan's growth moderates to 25% in Q2FY27 on seasonal factors

Titan Co Ltd, India's leading branded jewellery and watchmaker, posted consolidated revenue growth of 25 per cent year-on-year for the September quarter of FY27, with gains distributed across its jewellery, watches and eyewear divisions. The performance underscores continued consumer demand for the company's portfolio of brands, though the pace of expansion has moderated from earlier quarters.

The jewellery segment, which accounted for 91.5 per cent of Titan's over Rs 75,000 crore revenue in FY26, reported 21 per cent growth during the quarter. The sequential deceleration comes after the company posted revenue growth of 41 per cent in the June quarter of FY27, 46 per cent in the March quarter of FY26 and 40 per cent in the December quarter.

Industry observers attribute the sequential slowdown to typical seasonal demand patterns, though the company continues to leverage its multi-brand strategy spanning Tanishq, its flagship jewellery brand, alongside Mia, Zoya, beYon and CaratLane, to maintain market momentum. The company's diversified revenue streams across jewellery, watches and eyewear segments have provided stability amid varying consumer preferences across product categories and consumer demographics.