Titan Company Q2 FY27: PAT ₹1,850 Cr & Rev ₹12,500 Cr

Metric	Value
Revenue	₹12,500 Cr
Net Profit (PAT)	₹1,850 Cr

📢 Key Event
Titan Q1 FY27 earnings call highlights margin pressure reversal and FY30 growth confidence

🔄 What Changed
10.9% EBIT margin (Q1 FY27) vs 11.3% YoY; ₹407 crores customs duty gains; watch margin 17.8%; international EBIT-positive

🔮 What's Next
11% EBIT margin target; 18-20% top-line growth; double-digit growth toward FY30; exchange program >50% of business

💡 Investor Takeaway
Temporary margin gains from customs duty and MTM will reverse, but core growth levers remain intact for long-term targets.

Titan Company Limited reported strong Q1 FY27 growth across all segments, with Tanishq's normalized EBIT margin at 10.9% versus 11.3% YoY, driven by [amount context mismatch] crores in realized gains from customs duty hikes (6% to 15%) and MTM inventory gains. International operations remain EBIT-positive despite Damas losses, while watch margins normalized at 17.8%. Management targets 11% EBIT margins and 18-20% top-line growth for FY27, reaffirming double-digit growth toward FY30 through product mix shifts, lightweight jewellery, and exchange program expansion exceeding 50% of business.

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About Titan Company Limited (TITAN)

Consumer Durables · Consumer Durables · Listed on NSE

Market Cap: ₹3,70,126.93 Cr P/E: 77.6 ROE: 41.0% ROCE: 34.3%

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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