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Titan shares fall 4.4% as Q2 FY27 domestic jewellery growth of 21% misses some estimates
Titan shares traded at Rs 4,350 in early trade as softer buyer growth and a shift of festive demand into the third quarter weighed. Studded jewellery grew in the early 30s, while international business rose 97%.
What we verified
Checked against the other reports of this story.
- Titan domestic jewellery sales growth, Q2 FY27: 21% — Moneycontrol and Financial Express agree.
- CaratLane sales growth, Q2 FY27: 32% — Moneycontrol and Financial Express agree.
Why it matters to operators and investors
Titan's domestic jewellery growth of 21% in Q2 FY27 fell short of JPMorgan's 25% estimate, yet studded jewellery grew in the early 30s and CaratLane grew 32%, so retailers should weigh studded and diamond mix against plain gold when planning assortment and store investment.
Updates
Each later report on this story, newest first. Earlier entries are never edited; a correction is a new entry.
Titan's Q2 FY27 jewellery growth of 21% trails Nomura's ~25% estimate, while Kalyan's 26% revenue rise lifts its shares
- Tanishq, Mia and Zoya sales growth, Q2 FY27: 20%
- Titan share price fall: nearly 4%
- Kalyan share price rise: nearly 6%
On the record
Earlier Titan reports on RetailIntel, newest first.
- : Titan's Q2 domestic jewellery grows 20%, short of Citi's 27% estimate as festive shift and gold coin sales weigh
- : Titan consumer business grows 25% in Q2FY27; jewellery, watches lead as 78 net stores take network to 3,758
- : JP Morgan picks Titan, Lenskart, LG Electronics India and Pidilite for the festive quarter, sees Lenskart Q2 FY27 revenue up 29%
- : Motilal Oswal expects jewellery revenue up 23% in 2QFY27, keeps Titan among top consumer picks
The numbers
Figures from Moneycontrol
| Domestic revenue growth, Q2 FY27: | 22% |
|---|---|
| CaratLane growth: | 32% |
| JPMorgan estimate for domestic jewellery growth: | 25% |