NEW DELHI: Titan Company Ltd, a standalone player in the Tata Group, announced a strong growth for the third quarter of the current fiscal year, with a 24 per cent annual growth, on 6 January.
Jewellery
This surge was driven by strong festive demand, particularly in the jewellery sector, when the company’s domestic jewellery segment rose by 25 per cent YoY, boosted by increased consumer activity during Diwali, which led to high single-digit growth in buyers and double-digit growth in ticket size.
Plain gold saw a significant annual growth of 24 per cent, benefiting from rising gold prices as well as increased festive and wedding purchases. Notably, gold coin sales surged by 48 per cent YoY, reflecting the rising popularity of gold as both an investment avenue and a customary purchase during ‘Dhanteras’.
Additionally, the studded jewellery segment grew by 21 per cent YoY, recording its highest-ever quarterly performance for FY25.
Watches and wearables
In the watches and wearables segment, Titan reported a 13 per cent YoY growth, with analog watches witnessing a strong 19 per cent growth, driven by festive demand and premiumisation trends.
The company release said, “Consumer preferences were firmly oriented towards higher-end timepieces, particularly evident in the growths of Titan, Edge and Xylys and international brands through the Helios channel.”
However, the wearables category faced a 20 per cent decline, reflecting broader market trends and reduced spending in the entry- and mid-segment price points. The company added 23 new stores in the quarter, including 12 stores in Titan World, 10 in Helios, and 1 in Fastrack.
EyeCare
Titan’s EyeCare division also performed well, recording a 17 per cent YoY growth, with strong contributions from both retail and e-commerce. International brands and affordable fashion played a significant role in enhancing the overall product mix. During the quarter, Titan Eye+ closed three stores in India.
Emerging businesses
Titan’s emerging businesses showed varied results, with fragrances growing by 27 per cent, fashion accessories seeing a 20 per cent decline, and Taneira remaining flat YoY. Caratlane, however, reported a strong 25 per cent YoY growth, driven by a 26 per cent increase in its studded portfolio.
Global presence
Titan’s total retail network, including CaratLane and international outlets, grew by a net 69 stores during the quarter, bringing the overall store count to 3,240.
Caratlane opened its first international store in New Jersey, USA, and expanded its domestic presence with 19 new stores, bringing the total to 305 in India.
The company’s jewellery chain, Tanishq, expanded internationally with new stores in Seattle, US, and Gold Souk, Dubai. Domestically, Titan added 24 new stores, including 11 in Tanishq and 13 in Mia.
Taneira also added 1 store in the city of Salem during the quarter.
