Titan Clocks 40% Consumer Business Growth in October-December 2025-26 on Festive Boost, Jewellery Shines

Titan Company reported a strong operating performance in the third quarter of 2025-26, driven by robust festive demand and steady store expansion across key segments. The company’s consumer businesses grew about 40% year on year in October-December, supported by jewellery-led momentum and improved traction in watches, eyewear and emerging categories.

The jewellery portfolio delivered around 41% year-on-year growth during the quarter, helped by higher average selling prices amid elevated gold prices, even as buyer growth remained largely flat. 

Festive and wedding demand stayed resilient, aided by Tanishq’s gold exchange offers, which helped sustain consumer interest beyond the core festive period. Gold coin sales nearly doubled compared with the same quarter last year, highlighting their appeal as an investment option, while plain gold jewellery recorded strong growth in the high-thirties. Studded jewellery posted its best quarterly performance so far in 2025-26, with healthy buyer growth.

During the quarter, Titan expanded its jewellery presence in India with a net addition of 47 stores, including new outlets under Tanishq, Mia, Zoya, CaratLane and the newly launched lab-grown diamond brand beYon. The launch of beYon marks Titan’s entry into the growing affordable diamond jewellery space, aimed at everyday wear and self-expression, while its established brands continue to focus on milestone and occasion-led purchases.

The watches business grew about 13% year on year, led by a strong festive showing in analog watches, which grew around 17%. Premiumisation trends supported double-digit growth for the Titan brand, while Sonata and Fastrack also reported healthy demand. However, smart watches declined roughly 26% year on year due to lower volumes. The division added 22 stores on a net basis during the quarter.

Titan EyeCare posted about 16% year-on-year growth, driven by strong demand for international brands, sunglasses and prescription lenses. E-commerce continued to play a key role in boosting omni-channel sales. As part of network optimisation, the division opened 11 stores, renovated 20 and closed 30 stores during the quarter, while adding two Runway premium sunglass stores.
Emerging businesses showed a mixed performance. Fragrances grew about 22% year on year, supported by volume growth in Fastrack and Skinn. Women’s bags recorded a sharp 111% increase, driven by higher volumes and improved pricing, while Taneira reported a decline of around 6% due to weaker volumes despite higher average selling prices. The Irth brand added two new stores during the quarter.

International operations, largely led by jewellery, delivered strong growth of around 80% year on year, with healthy performance across GCC countries, Singapore and North America. Tanishq expanded its footprint in North America with two new stores in Boston and Orlando.

Overall, Titan added 56 stores on a net basis during October-December, taking its total retail network to 3,433 stores as of December 2025. The company said the quarterly numbers are provisional and subject to limited review by its statutory auditors.