Titan Q4FY26 Update: Jewellery Sales Soar 46%, International Business Surges 156%
Titan Company Limited reported a strong Q4FY26 update with Jewellery sales growing 46% YoY, driven by Tanishq and Mia. The Watches division grew 7% YoY, while EyeCare grew 16% YoY. Emerging Businesses saw mixed performance. International business surged 156% YoY, boosted by Damas Jewellery in the GCC.
The strong growth figures, especially in the core Jewellery business and the substantial surge in International sales, are material and are expected to have a significant impact on investor sentiment and the company's financial outlook.
The announcement details significant year-on-year growth across key business segments, particularly Jewellery and International operations, indicating a positive performance for the quarter.
Titan Company Limited has announced its quarterly update for the fourth quarter of FY 2025-26 (Q4FY26), ending March 31, 2026. The company's Jewellery business demonstrated robust growth, achieving approximately 46% year-on-year (YoY) growth. This performance was driven by strong secondary sales, with Tanishq and Mia brands clocking significant increases. Despite a rise in gold prices, the business recorded high-single-digit buyer growth and a considerable increase in average ticket sizes.
Within the Jewellery segment, studded sales grew in the early thirties, gold (plain) in the mid-thirties, and coins nearly tripled in sales compared to Q4FY25. The overall like-to-like growth for jewellery retail formats was around 48% YoY. The company added 27 net new stores in India across Tanishq, Mia, and CaratLane.
The Watches division reported a 7% YoY growth, primarily driven by analog watches (16% YoY growth), while smartwatches saw a decline of 53% YoY. The division added 30 net new stores across its various brands.
Titan's Consumer Businesses as a whole grew by approximately 46% YoY, expanding its retail network to 3,603 stores with 170 net new additions. The EyeCare business grew by 16% YoY, with a network optimization that included renovating, closing, and adding new stores. Emerging Businesses, including fragrances and women's bags, showed strong growth, although Taneira's sales declined by 1% YoY.
The International business experienced a remarkable surge of 156% YoY. This growth was significantly boosted by the Damas Jewellery network in the GCC region. Titan's international store network now spans 149 stores in the GCC, 12 in North America, and 1 in Singapore. However, sales in the March month were impacted by geopolitical disruptions in the Middle East, affecting both Tanishq and Damas stores. Despite this, Tanishq's GCC business grew by approximately 37% YoY.
These figures for the quarter and year ended March 31, 2026, are provisional and subject to the annual audit by the company's statutory auditors.
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