Titan’s Q2 domestic revenue surged 22% YoY, eclipsing analysts’ 15% expectation, while its international topline nearly doubled at 97% YoY— a headline‑making lift that left the stock marginally down 0.9% to ₹4,540 at market close.
The jewel‑crown of Titan’s business, the jewellery segment, riffed up 21% YoY, buoyed by Tanishiq, Mia, Zoya and BeYon brands each posting around 20% growth and CaratLane posting a robust 32%. Average ticket sizes saw double‑digit expansion, and buyer growth nudged into the mid‑single digits, Titan’s management said.
Other pillars followed suit: watches climbed 30% YoY, EyeCare rose 28% and emerging businesses grew 21%. Damas, where Titan holds a 67% stake, showed early signs of a rebound, according to a company statement.
Despite the bright topline, the stock slipped in the last session, reflecting market caution over margin expectations and the looming Q3 guidance. Analysts are watching for any sign of cost discipline as the company aims to improve profitability ahead of its next earnings filing.