Titan Q1 update shows 41% growth, driven by jewellery and expanding retail network

Titan shares gain 2% on Q1 business update; consumer business grows 41% YoY

Shares of Titan Company gained 2% to Rs 4,574 on the BSE on Tuesday after the Tata Group firm reported a 41% year-on-year rise in its consumer businesses for the June quarter, aided by robust jewellery demand, an expanding retail network and strong growth in its international operations.According to its quarterly business update filed with the exchanges, Titan added 77 stores on a net basis during Q1FY27, taking its overall retail presence to 3,680 stores as of June 2026. The company noted that these numbers are provisional and subject to a limited review by its statutory auditors.Segment-wise numbersIts domestic business recorded 37% year-on-year growth during the quarter, with the store count rising to 3,517. Jewellery remained the biggest contributor, with the segment growing 39% from a year ago. Titan attributed the performance to healthy festive demand and strong sales during Akshaya Tritiya.Also read: Titan expects gold prices to stay elevated, volatile amid global tensionsThe jewellery business added 33 stores on a net basis during the quarter, taking the total to 1,227. Within the segment, Tanishq, Mia, Zoya and beYon together registered 39% growth, while CaratLane posted 42% growth. Titan said relatively stable gold prices supported buyer growth, which remained in the early double digits, while average ticket sizes increased in the high double digits.The company said both plain and studded jewellery categories delivered growth in the mid-thirties. Coin sales also continued to witness strong double-digit growth, driven by investment-led demand.Titan's watches business grew 23% year-on-year during the quarter. The company added 34 stores, taking the total count to 1,345. Analog watches continued to lead growth, supported by premiumisation trends, with sales rising in the high twenties. In contrast, the smartwatch business declined in the low teens.The EyeCare segment also reported 23% growth, backed by broad-based demand across owned and international brands. Titan said calibrated marketing spends, multi-pair and multi-category consumer offers, along with premiumisation, supported growth in the business. The segment added seven stores during the quarter, taking its total network to 847.Emerging businesses grew 19% year-on-year in Q1FY27. Within the portfolio, fragrances recorded growth in the mid-teens, women's bags posted strong double-digit growth, while Taneira delivered a low single-digit growth. Titan added two stores in the segment, taking the total count to 98.The company's international business reported the fastest growth, rising 128% year-on-year, albeit on a smaller base. The segment had 163 stores at the end of June 2026 and included Damas Jewellery, which was consolidated into Titan from January 2026.Read more: Bonus issues, stock splits & dividends: Titan, JSW Steel among 49 stocks turning ex-date this weekTitan said its jewellery brands Tanishq, Mia and CaratLane continued to witness strong traction in North America and encouraged double-digit growth across the GCC. It also said that despite geopolitical volatility, the core Damas business is seeing a gradual recovery across key operating parameters.Titan share price performanceShares of the company are up 11% in 2026 and about 7% in the last one month. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

4 hours ago

Titan Q1 update: Business grows 41% as jewellery, watches sales gain pace

Titan Company said its consumer businesses grew about 41% year-on-year in the June quarter, helped by strong jewellery demand, store expansion and a sharp rise in its international business. The Tata Group company added 77 stores on a net basis during Q1FY27, taking its total retail network to 3,680 stores as of June 2026. The numbers are provisional and subject to limited review by the company’s statutory auditors, Titan said in its quarterly update filed with the exchanges.Titan’s domestic business grew 37% during the quarter and had 3,517 stores at the end of June. Jewellery remained the main growth driver, with the segment reporting 39% year-on-year growth. The company said demand was helped by healthy festive buying and Akshaya Tritiya sales during the quarter.Also Read: Trent Q1 Update: Standalone revenue rises 19%, driven by Zudio expansionThe jewellery business added 33 stores on a net basis, taking its total count to 1,227 stores. Within jewellery, Tanishq, Mia, Zoya and beYon together grew 39%, while CaratLane grew 42%. Titan said relatively stable gold prices helped buyer growth, which came in early double digits. Average ticket size grew in high double digits.The company said plain and studded jewellery categories each grew in the mid-thirties. Coins also continued to see strong double-digit growth, supported by investment-led demand.Titan’s watches business grew 23% year-on-year and added 34 stores during the quarter, taking its total store count to 1,345. Analog watches led the segment, supported by premiumisation trends, and grew in the high twenties. However, the smartwatches business declined in the low teens.EyeCare also grew 23%, with broad-based momentum across owned and international brands. Titan said growth in the segment was helped by calibrated marketing spends, multi-pair and multi-category consumer offers, and premiumisation. EyeCare added seven stores during the quarter, taking its total to 847 stores.Emerging businesses grew 19% in Q1FY27. Within this portfolio, fragrances grew in the mid-teens, women’s bags recorded strong double-digit growth, and Taneira posted low single-digit growth. The company added two stores in this segment, taking the total to 98.Titan’s international business posted the sharpest growth at 128%, though on a smaller base. The segment had 163 stores as of June 2026. The international business includes Damas Jewellery, which was consolidated into Titan from January 2026.The company said the jewellery business of Tanishq, Mia and CaratLane saw strong traction in North America and encouraging double-digit growth in the GCC. It added that despite geopolitical volatility, the core Damas business is seeing a gradual recovery across key parameters.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

16 hours ago

Titan Q1 Update: Domestic Business Up 37% As Tata Firm Adds 77 Stores; Jewellery Arm Grows 39%

Retail network expands to 3,806 stores as watches, eyewear and emerging businesses maintain healthy momentum.

16 hours ago