Titan’s profit rose 54% to ₹1,722 crore in Q2:Total income up 25%; Noel Tata will retire on 12 November 2026

Tata Group company Titan released its results for the second quarter of 2026-27 today, 5 November. The company’s consolidated net profit for the September quarter rose 54% to ₹1,722 crore. In the same quarter last year, Q2FY26, the company had posted a net profit of ₹1,120 crore. The increase in profit was driven by strong demand for jewellery, premium watches and eyewear. Titan’s share has risen more than 20% this year Before the results were announced, Titan’s share rose around 1.5% to close at ₹4,834 today. It has risen around 20% this year. Over the past year, the share has given investors a return of 28%. Total income rose 25% to ₹20,533 crore Excluding bullion sales, digital gold and one-off profits from outside the business, Titan’s total income still rose 25% to ₹20,533 crore, compared with ₹16,407 crore during the same period last year. Revenue from key segments Jewellery business: Revenue rose 24% to ₹17,495 crore, driven by offers on diamond jewellery, as customers purchased heavily despite the festival season being pushed back. Watches business: Revenue rose 27% to ₹1,881 crore, powered by strong demand for premium analogue watches, marking the company’s best-ever performance. Eyecare (eyewear): Revenue from the glasses and lenses business rose a strong 28% to ₹281 crore, driven by an improved store network, new designs and a multi-brand strategy. MD says-strong performance despite a strong base Titan Managing Director Ajay Chawla said consumer demand remained strong despite the festival dates being pushed back. Design-led collections and offers supported demand for jewellery. Noel Tata to retire on 12 November Under Tata Group governance guidelines, Noel Tata will retire as vice-chairman and non-executive director from 12 November. Noel Tata has been associated with Titan since August 2003. The board praised his contribution to the company over the past 23 years. Company to raise ₹2,500 crore fund The company’s board of directors is set to raise up to ₹2,500 crore by issuing NCDs. The board has formed a committee to decide the terms of the NCDs and matters related to their allotment.