# Titan Q2 profit jumps 114%, adjusted PBT growth at 18% 2026-11-05T19:16:51+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 3 independent outlets Titan Company reported a 114% year-on-year increase in net profit to Rs 2,393 crore for the quarter ended 30 September, driven by a Rs 671 crore non-operational gain from revaluing a liability linked to its Damas acquisition and a Rs 536 crore benefit from a change in gold customs duty. Excluding these one-offs, profit before tax (PBT) stood at approximately Rs 1,793 crore, registering moderate growth of 18%, Fortune India reports. Revenue from operations rose 10.1% to Rs 20,614 crore, missing the consensus estimate of Rs 22,453 crore, according to Livemint. The jewellery division grew 24% to Rs 17,495 crore. Softer gold prices helped revive store traffic during the festive season, though demand for coins and investment products remained subdued, Titan executives said. The watches division posted 27% growth to Rs 1,881 crore, and eyecare rose 28% to Rs 281 crore. Titan added 42 jewellery stores in India and one in Los Angeles during the quarter. The company expects a strong finish to the festive season through 10 November, executives said. Separately, Titan’s board cleared a Rs 2,500 crore non-convertible debenture plan, Fortune India reports. Update, 6 November 2026: Fortune India reports that Titan’s adjusted profit before tax stood at approximately Rs 1,793 crore, registering 18% growth after excluding a Rs 536 crore benefit from a change in gold customs duty. The duty benefit comprised Rs 490 crore for Tanishq, Mia and Zoya and Rs 46 crore for CaratLane. Fortune India also reports that Titan’s board cleared a Rs 2,500 crore non-convertible debenture plan. ## Indian Opinion Analysis The coverage is uniform straight reporting across all three outlets, with each presenting the same core financial figures and attributing explanations to company executives. The Hindu Business Line and Fortune India both break out the adjusted PBT growth of 18%, while Livemint emphasises the revenue miss and softer gold prices drawing buyers back. Fortune India alone reports the Rs 2,500 crore NCD plan. The differences are minor: Livemint omits the customs duty benefit that the other two detail, and Fortune India provides the most granular breakdown of the duty gain by brand. A reader gets a complete picture by combining the three, and no outlet imposes a partisan slant. The key open item is whether festive demand sustains through 10 November as Titan expects. ## Coverage Coverage: 3 sources, 3 neutral - thehindubusinessline.com (neutral report) Led with 114% profit jump but noted customs duty impact - livemint.com (neutral report) Focused on revenue miss and gold price trends - fortuneindia.com (neutral report) Detailed customs duty benefit and NCD plan This brief was synthesised by AI from the 3 sources linked above, so one read covers every framing they carry. Tags: Damas, jewellery, Q2 results, Titan Company Canonical: https://indianopinion.org/titan-q2-profit-jumps-114-on-one-off-gain-revenue-misses-estimates/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/titan-q2-profit-jumps-114-on-one-off-gain-revenue-misses-estimates/#story-in-brief How this brief was made: an AI model read the reports linked above and wrote this summary and analysis, which were published automatically. Published briefs are sampled every hour by an automated quality check; the editor verifies its findings and approves corrections, and corrected briefs carry a dated correction line. Stance labels are editorial classifications of how each outlet framed this story, assigned by the same model, not ratings of the outlets. We do no original reporting. Methodology: https://indianopinion.org/ai-use-policy/