Titan Company
Titan Company Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management said on revenue, margins and capex.
Guidance rank: #49 of 84 in Consumer Durables
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The short version
Jewellery sales growth is expected to remain strong, with studded jewellery showing consistent positive buyer growth (~+3%) and gold jewellery buyer growth stabilizing. Jewellery EBIT growth expected to be slightly slower than revenue growth for full year due to margin pressures and gold price volatility (Ashok Sonthalia).
From Titan Company's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Jewellery sales growth is expected to remain strong, with studded jewellery showing consistent positive buyer growth (~+3%) and gold jewellery buyer growth stabilizing.
- The eyewear business anticipates growth around 13-14% for FY '26, slightly above industry growth of 7-8%, supported by omni-channel transition and brand investments.
- Titan aims for better-than-expected EBIT growth in jewellery but acknowledges margin pressures due to gold price volatility.
- Revenue growth guidance remains directionally positive with Q3 expected to outperform H1, though percentage margins might be lower.
- Continued investments in store expansions and renovations (40 new stores and 70-80 renovations targeted) are expected to drive growth.
2 more points from Titan Company's call on revenue
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Profitability & Margins
See what Titan Company said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Titan continues to invest in the eyewear business to support growth, including building omni-channel capabilities and enhancing brand awareness in FY '26. (Page 18)
- The company has made significant back-end investments in eyewear manufacturing and fitting labs over the years, including lens-making plants in Bengaluru and Kolkata and a frame manufacturing plant in Chikkaballapur. (Page 10-11)
- Store expansion targets include opening approximately 40 new Tanishq stores in the year, with about 70 to 80 renovations and expansions planned, reflecting a focus on upgrading existing retail footprint. (Page 8)
2 more points from Titan Company's call on capex
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Top-ranked in Consumer Durables
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
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Titan Company — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹26.9K Cr, net profit ₹1.2K Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Titan Company's management said in earlier quarters
- Q1 FY27 earnings call analysis →
- Q4 FY26 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q4 FY25 earnings call analysis →
- Q4 FY26 earnings call →
- Q1 FY26 earnings call →
- Q3 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
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179.5 Mn in H1FY25, a YoY growth of approximately 24.3%. Key investor presentation takeaways from Interiors & More Ltd's Q2 FY26 investor presentation — and how
- Global Surfaces (Q2 FY26)
Year-on-Year (YoY) growth for Q2-FY26: +15.1% . Key investor presentation takeaways from Global Surfaces Ltd's Q2 FY26 investor presentation — and how it ranks
Potential multibaggers · Q2 FY27
Potential multibaggers in Consumer Durables
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Titan Company Q2 FY26 results?
Jewellery sales growth is expected to remain strong, with studded jewellery showing consistent positive buyer growth (~+3%) and gold jewellery buyer growth stabilizing. Jewellery EBIT growth expected to be slightly slower than revenue growth for full year due to margin pressures and gold price volatility (Ashok Sonthalia).
What is Titan Company share price analysis?
Titan Company currently shows a neutral. The stock trades at a P/E of 77.4 with a market cap of ₹451,537 Cr. Investors should review the full earnings analysis for detailed insights.
Is Titan Company planning capital expenditure?
Titan continues to invest in the eyewear business to support growth, including building omni-channel capabilities and enhancing brand awareness in FY '26.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.