Shares of Titan Company surged nearly 6.78% on April 8, reaching ₹3,227.25 on the NSE, following the release of its robust Q4 business update. The company, part of the NIFTY50 index, recorded approximately 25% year-on-year (YoY) standalone revenue growth for the quarter and around 21% growth for the full financial year. Titan also expanded its retail footprint, adding a net 72 stores in Q4, taking the total count to 3,312 stores.
Jewellery Segment
Titan’s domestic jewellery operations saw around 24% YoY growth, largely driven by a sharp rise in gold prices. The plain gold jewellery category grew by nearly 27% YoY, while gold coins registered an impressive 65% YoY growth. These trends highlight continued consumer interest in gold as both adornment and a store of value.
Despite elevated gold prices, which dampened lower-end demand, high-ticket purchases remained strong, resulting in significant growth in average ticket sizes. Studded jewellery achieved low double-digit growth in value, while the Solitaire category witnessed a revival with increases in both buyers and value.
Tanishq expanded internationally, entering new markets in Sharjah, Atlanta, and Seattle. Domestically, it added 16 new stores, including 4 under Tanishq and 12 under Mia.
Watches Segment
The Watches division reported around 20% YoY revenue growth. Brands like Titan, Fastrack, and Sonata contributed to analogue watch growth of nearly 18% YoY. Key retail formats—Helios, Titan World, and Fastrack—showed healthy double-digit growth, with Helios leading due to consumer demand for premium products.
A total of 41 new watch stores were opened during the quarter: 20 under Titan World, 10 under Helios, and 11 under Fastrack.
EyeCare Segment
Titan’s EyeCare business grew by nearly 18% YoY, driven by increases in both buyers and revenue. Titan Eyeplus benefited from its multi-brand strategy and saw strong demand for international labels. E-commerce emerged as a key driver, particularly in the sunglasses category. The EyeCare division also expanded internationally, opening two stores in the UAE, while closing 11 stores in India during the quarter.
Emerging Businesses
Among emerging segments, Fragrances grew by 26% YoY, while Fashion Accessories posted 12% growth. Taneira, the ethnic wear brand, saw a decline of nearly 4% YoY in sales. The company piloted its first experiential SKINN store in Seawoods, Mumbai, and IRTH added four new stores across Hyderabad, Pune, Noida, and Mumbai. Taneira closed one store in this period.
Caratlane
Caratlane recorded around 22% YoY growth in a quarter marked by strong gold demand. The studded jewellery portfolio led this performance, although buyer growth was in the mid-single digits. Like-to-like (L2L) sales grew approximately 11% YoY. The brand added 17 new domestic stores during the quarter.
