New Delhi: TITAN COMPANY LIMITEDThe standalone player in the Tata Group on January 6 announced strong growth for the third quarter of the current fiscal with 24 percent year-on-year growth.Jewelry
The increase was driven by strong festive demand, particularly in the jewelery segment, when the company’s home jewelery segment grew 25 per cent year-on-year, with increased consumer activity during Diwali, which led to single-digit sales among buyers. increased and increased in double digits. Increase in ticket size
Plain gold saw a significant year-on-year growth of 24 percent, fueled by the rise in gold prices as well as festive and wedding purchases. Notably, sales of gold coins increased by 48% year-on-year, reflecting the growing popularity of gold both as an investment avenue and as a traditional purchase during the ‘Dhantris’ period.
Additionally, the studded jewelery segment grew by 21% YoY, recording its highest ever quarterly performance for FY25.
Watches and Wearables
In the watches and wearables segment, Titan reported 13 percent year-on-year growth, with strong growth of 19 percent in analog watches, driven by festive demand and premiumization trends.
“Consumer preferences were strongly oriented towards high-end timepieces, particularly evident in the growth of Titan, Edge and Xylus and international brands through the Helios channel,” the company’s release said.
However, the wearables category experienced a 20 percent decline, reflecting broader market trends and reduced spending in the entry and mid-range price points. The company added 23 new stores in the quarter, including 12 stores in Titan World, 10 stores in Helios, and 1 store in Fastrack.
Eye Care
Titan’s EyeCare division also performed well, recording 17 percent YoY growth, with strong contribution from both retail and e-commerce. International brands and affordable fashion played an important role in expanding the overall product mix. During the quarter, Titan Eye+ closed three stores in India.
Emerging businesses
Titan’s emerging businesses showed mixed results, with fragrances up 27 percent, fashion accessories down 20 percent, and Taneira flat year-over-year. Keratlin, however, reported a strong 25 percent year-on-year growth, driven by a 26 percent increase in its connected portfolio.
Global presence
Titan’s total retail network, including CaratLane and international outlets, saw a net addition of 69 stores during the quarter, bringing the total store count to 3,240.
Caratlane opened its first international store in New Jersey, USA, and expanded its domestic presence with 19 new stores, taking the total to 305 in India.
The company’s jewelery chain Tanshik expanded internationally with new stores in Seattle, US and Gold Souk, Dubai. Locally, Titan added 24 new stores, including 11 in Tanshik and 13 in Mia.
Tanera also added 1 store in the city of Salem during the quarter.