Home / Business and Economy / Titan Q2: Profit to Soar 27% Amidst Strong Demand
Titan Q2: Profit to Soar 27% Amidst Strong Demand
5 Nov
Summary
- Titan expects double-digit growth in revenue and profit for Q2FY27.
- Brokerages project 16-18.8% sales growth and 20-26.8% profit growth.
- Jewellery demand is a key driver, though festive timing impacts comparisons.
Titan Company is anticipated to announce robust financial results for the September quarter, with projections showing significant year-on-year growth. Brokerages forecast revenue increases between 16% and 18.8%, alongside profit growth estimated from 20% to 26.8%.
Jewellery sales, particularly from Tanishq, are expected to lead this expansion, driven by consistent demand. However, analysts note that the shifting festive season and a high base from the previous year's GST rate reduction could make year-on-year financial comparisons more complex.
Motilal Oswal Financial Services projects a consolidated revenue of ₹22,244 crore, with standalone jewellery revenue (excluding bullion) expected to jump 28%. They maintain a 'Buy' rating with a target price of ₹6,000.
J.P. Morgan forecasts revenue of ₹21,631 crore and anticipates a 20% net profit growth, maintaining an 'Overweight' rating. The stock has shown strong performance, outperforming the Nifty 50 across various timeframes.
