Noel N. Tata will retire from his positions as Vice-Chairman and Director of Titan Company Limited with effect from November 12, 2026, according to a regulatory filing disclosed following a Board of Directors meeting held on November 5, 2026. The decision was made in accordance with the Tata Group Governance Guidelines, marking the end of his 23-year tenure with the company. Tata will retire from the office of Non-Executive, Non-Independent Director and Vice-Chairman of the company.
Titan delivered exceptional Q2 FY27 results with net profit surging 56%, significantly beating analyst estimates. The company's jewellery business grew well with design-led collections and attractive consumer offers resonating across markets and age groups. The watches business delivered an excellent quarter, building further on premiumisation and design differentiation. The EyeCare business sustained its momentum on sharp execution and a steadily improving customer experience. Managing Director Ajoy Chawla noted that Q2FY27 was a quarter of healthy, broad-based growth with businesses registering approximately 25% consolidated operating growth YoY.
The company's emerging businesses, including SKINN Fragrances, IRTH Women's Bags and Indian ethnic wear brand Taneira, recorded combined total income growth of 21% to approximately ₹171 crore. These businesses reported a loss of approximately ₹6 crore during the quarter. SKINN and Fastrack perfume lines maintained their volume momentum, while IRTH Women's Bags grew on the back of higher average selling prices and new store openings. Taneira's growth was driven by better same-store performance. Titan Engineering & Automation Ltd (TEAL) reported total income of approximately ₹36 crore for Q2 FY27, up 53% YoY, with EBIT standing at approximately ₹78 crore.
The Board of Directors placed on record its deepest appreciation and gratitude for Tata's contributions over the past 23 years, acknowledging his role in the company's evolution and development. During his tenure since August 2003, Tata provided strategic direction and guidance to the company, with his experience and understanding of the consumer and retail businesses contributing to the Board's deliberations and Titan's growth. His contributions have been instrumental in the company's development over the past two decades.
Shares of Titan Company Ltd ended at ₹4,831.55, up by ₹81.55, or 1.72%, on the BSE following the strong quarterly results. The company's board has also approved raising up to ₹2,500 crore through the issuance of rated, listed, redeemable, unsecured non-convertible debentures (NCDs) on a private placement basis. The board has authorised a committee to finalise the terms of the issuance and allotment of the debentures. Tata serves as the Chairman of Tata Trusts, the philanthropic organisations that hold a significant stake in Tata Sons, the holding company of the Tata Group.
