Titan Q3FY26 Update: Jewellery Up 41%, Watches 13%, Consumer Biz 40%
Titan Company Limited reported a 41% YoY growth in its Jewellery business for Q3 FY26, driven by festive demand and increased ASP. Watches grew 13% and Consumer Businesses 40%. The company launched 'beYon' and expanded its retail network. International jewellery sales saw an 81% YoY increase.
The announcement provides significant quarterly performance data across major business verticals, impacting investor sentiment and providing insights into the company's growth trajectory.
The company reported strong year-on-year growth across key business segments like Jewellery, Watches, and Consumer Businesses, indicating positive performance during the quarter.
Titan Company Limited has announced its quarterly update for Q3 FY 2025-26, reporting robust year-on-year growth across several business segments.
The Jewellery portfolio achieved a significant 41% YoY growth, driven by strong festive demand and an increase in average selling prices (ASP), which offset flat buyer growth. The company's gold exchange offer helped maintain consumer engagement. Specific product categories like gold coins and plain gold saw substantial growth, while studded jewellery also performed well.
Titan launched 'beYon', a lab-grown diamond jewellery brand, during the quarter to enhance its portfolio. The company added 47 net new stores to its jewellery division, including Tanishq, Mia, Zoya, beYon, and CaratLane.
The Watches division reported a 13% YoY growth, primarily led by analog watches which saw a 17% YoY increase, driven by premiumization and strong festive sales. Sonata and Fastrack also showed healthy double-digit value growth.
Titan's Consumer Businesses collectively grew by 40% YoY, expanding its retail network to 3,433 stores with 56 net new store additions. While smartwatches declined, other segments performed well.
The EyeCare division grew by 16% YoY, supported by both international and house brands, with e-commerce playing a key role. The division optimized its network by opening, renovating, and closing stores.
Emerging Businesses saw a 14% YoY growth. Fragrances grew 22% YoY, and Women's Bags surged by 111% YoY. Taneira's sales declined by 6% YoY due to lower volumes, despite ASP growth.
International businesses, mainly jewellery, grew by 81% YoY, with strong performance in GCC, Singapore, and North America. Tanishq opened two new stores in the US during the quarter.
This provisional data is subject to a limited review by the company's statutory auditors.
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