{
  "id": 18454477,
  "title": "Noel Tata To Retire From Titan Board On Nov 12",
  "url": "https://urgent.news/2026/11/06/noel-tata-to-retire-from-titan-board-on-nov-12",
  "topic": "world",
  "section": "World",
  "published": "2026-11-06T05:54:00.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/noel-tata-to-retire-from-titan-board-on-nov-12"
  },
  "original_language": "en",
  "account": "Titan's Vice Chairman and Director, Noel Tata, will step down from the company's board on November 12, marking the conclusion of his tenure that began in August 2003. Titan acknowledged Tata's significant contributions to the company's strategic direction, particularly his expertise in consumer and retail businesses. The announcement coincided with the company's financial results for the second quarter of the fiscal year 2026-27. Trent Chairman Tata, who has served on the Titan board for 29 years, will be succeeded by Bahram Vakil. Titan reported a substantial increase in its consolidated net profit, with a remarkable 113.7% year-on-year growth to ₹2,393 crore for the quarter ending September 30. This surge was fueled by a ₹671 crore gain from a fair value adjustment to its non-controlling interest put option liability. The company's revenue from operations rose by 10.1% to ₹20,614 crore, while profit before interest, depreciation, and tax increased by 91.1% to ₹3,799 crore. Titan's jewellery portfolio, encompassing brands like Tanishq, Mia, and Zoya, experienced a 24% growth to ₹17,495 crore, excluding bullion and digital gold sales. Promotional campaigns, such as the Festival of Diamonds, played a crucial role in driving demand for studded jewellery. The watches business expanded by 27% to ₹1,881 crore, driven by premiumisation and sustained consumer interest in analogue timepieces. The eyecare division expanded by 28% to ₹281 crore, supported by its multi-brand strategy and enhanced retail network. Despite recording a ₹6 crore loss in its emerging businesses, Titan's overall growth was broad-based, with consolidated operating growth reaching 25% year-on-year. Managing Director Ajoy Chawla attributed this growth to resilient consumer demand, even amidst a strong comparative quarter and the shift of part of the festive calendar into the subsequent quarter. He highlighted design-led jewellery collections, premium watches, and enhancements in the eyecare customer experience as key growth drivers. Chawla also emphasized Titan Engineering and Automation's (TEAL) ongoing expansion of its precision engineering capabilities. The company remains dedicated to product innovation, brand development, and customer engagement to fuel future growth.",
  "summary": "Noel Tata will retire as Vice Chairman and Director of Titan Company on Nov 12, ending his association with the company's board that began in August 2003. In a stock exchange filing, Titan acknowledged Tata's contribution to its strategic direction, particularly his expertise in consumer and retail businesses. The announcement accompanied the company's financial results for the second quarter of…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}