Titan projects 25% Q2 revenue jump as gold duty cut fuels jewellery demand
Tata-owned Titan guides to a 25% revenue rise in Q2, led by 26% jewellery growth after the gold import customs duty reduction. Watches and wearables seen up 20%. Rival Kalyan Jewellers has yet to report, leaving the sector read incomplete.
Tata-owned Titan projects a 25% Q2 revenue rise, driven by a gold import customs duty cut. Jewellery segment expected to grow 26%, watches and wearables 20%. Rival Kalyan Jewellers yet to report.
Why this matters
Titan's 25% guidance follows analyst optimism, with CLSA naming it a technical breakout pick with double-digit upside. But peer Senco Gold grew 60% vs Titan's 39% in Q1FY27, raising relative-growth questions.
Retail-company signals are accelerating, up 811200% QoQ.