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JP Morgan picks Titan, Lenskart, LG Electronics India and Pidilite for the festive quarter, sees Lenskart Q2 FY27 revenue up 29%
Titan Company is forecast to grow revenue 16% year-on-year in Q2 FY27. JP Morgan warns that elevated input costs will pressure margins in paints, consumer durables and quick-service restaurants, even as festive demand holds up.
The numbers
Figures from Financial Express,
| Titan domestic jewellery revenue growth forecast: | 25% |
|---|---|
| Avenue Supermarts Q2 FY27 revenue growth forecast: | 18% |
| Avenue Supermarts total stores forecast: | 518 |
| Asian Paints EBITDA margin forecast: | 16.9% |
| Gold price per 10 grams (2 October 2026): | Rs 147,770 |
Why it matters to operators and investors
JP Morgan expects festive-quarter demand to stay strong in jewellery (Titan domestic +25%), eyewear and beauty, but warns input costs will squeeze margins in paints, durables and QSR, so operators in those categories should lock in procurement and pricing before the peak instead of chasing volume.
What to watch next
- Lenskart's reported Q2 FY27 revenue growth against the 29% forecast
- Titan's domestic jewellery growth against the 25% estimate
- Asian Paints' reported EBITDA margin against the 16.9% estimate
- Nykaa (27% forecast) and Avenue Supermarts (18% forecast) revenue prints versus JP Morgan's numbers
- Price-increase announcements or margin guidance from paints, durables and QSR companies
Likely next moves
Our read of what comes next — analysis, not reported by the source.
- Lenskart is likely to report Q2 FY27 revenue growth close to the 29% JP Morgan expects, and management will probably present it as proof that the growth story is intact.
- Titan is likely to lean on domestic jewellery, which JP Morgan sees up 25%, as the main driver of its 16% growth, with the festive quarter shaping its commentary.
- Asian Paints is likely to report an EBITDA margin near the 16.9% JP Morgan models, and may point to input-cost pressure as the reason for any shortfall.
- Durables makers such as LG Electronics India may weigh selective price increases against festive volume targets as input costs squeeze margins.
- Other brokerages are likely to publish their own festive-quarter previews, and consensus estimates for the named picks may drift toward JP Morgan's growth and margin framing.
The source
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