Titan shares slip 5% post Q2FY27 update despite segment-wise growth

The Q2FY27 results showed strong year-on-year growth across consumer segments, with the jewellery business growing 21%, watches up 30%, EyeCare division rising 28%, and fragrances recording mid-thirties growth. Women’s bags saw growth in the twenties, while Taneira’s growth was in the high single digits. Titan added 78 stores during the quarter, taking its total retail network to 3,758 stores.

In international markets, the combined jewellery businesses of Tanishq, Mia, and CaratLane maintained double-digit growth in North America. The GCC business showed improving trends for Tanishq, with Damas exhibiting early signs of recovery amid a volatile geopolitical environment.

Titan Rekha Jhunjhunwala held 4,71,84,470 shares through two accounts as of the end of June 2027, with September quarter shareholding data pending release. Over the past year, Titan shares have risen 28%, outperforming the Sensex, which fell 11% during the same period. The stock hit a 52-week high of ₹5,187.45 on 27 August and a 52-week low of ₹3,406.50 on 7 October of the previous year.

Technical analysts noted the stock entered oversold territory, with the daily RSI falling below 30—a level last seen in September 2025. The breach of the ₹4,600 support level, which coincided with the 200-week EMA, was seen as technically significant. Immediate resistance is now expected around ₹4,600, with the next key support placed near ₹4,200.

A decisive close below the one-year exponential moving average at ₹4,322 could lead to further downside toward the ₹4,150–₹4,000 zone, which analysts described as a potential value-buy area for medium- to long-term investors. Market observers advised waiting for signs of stabilisation before considering fresh long positions.