New Delhi: Tata Group-owned Titan Company Ltd reported a 20% year-on-year growth in standalone revenue for the September quarter of FY25, driven primarily by strong performance in its jewellery division and network expansion.
The company added 55 new stores during the July–September period, taking its total retail network to 3,377 stores across all business segments, according to its quarterly business update.
Jewellery Business
Titan’s jewellery division, which accounts for over 80% of its total revenue, recorded a 19% growth in domestic sales. The company attributed this performance to surging gold prices and robust festive demand, despite a slight year-on-year decline in buyer count due to higher prices.
The company said the impact of last year’s high base — due to a customs duty cut — was balanced by the early onset of the festive season and strong consumer promotions, including an aggressive gold exchange offer and marketing campaigns.
Sales of studded jewellery under brands Tanishq, Mia, and Zoya rose in the mid-teens, outpacing plain gold jewellery growth. Gold coin sales also remained strong, reflecting heightened investment sentiment.
“Like-for-like growth for both Tanishq and CaratLane was in double digits,” Titan noted.
During the quarter, the company added 34 jewellery stores, including 6 Tanishq, 18 Mia, and 10 CaratLane outlets.
For FY25, Titan’s revenue from operations stood at ₹57,339 crore, with the jewellery segment contributing ₹46,571 crore, or over 81% of total revenue.
Watches and Wearables
Titan’s domestic watches business grew 12%, led by a 17% rise in analogue watches, even as smart wearables declined 23%, reflecting industry-wide weakness in the category.
The division opened 15 new stores — 5 Titan World, 7 Helios, and 3 Fastrack outlets.
Eyecare and Emerging Businesses
The EyeCare division grew 9%, driven by demand for international brands, sunglasses, and E-commerce sales, with five new Runway stores launched.
In emerging categories, Fragrances surged 48%, fueled by strong volume growth in Fastrack and Skinn, while Women’s Bags grew 90% on the back of rapid network expansion. Taneira, Titan’s ethnic wear brand, saw a 13% year-on-year increase.
International Business
Titan’s international operations recorded a robust 86% growth, led by the Tanishq brand, which doubled its business in the U.S. and reported strong double-digit growth in GCC markets.
Continuing its global expansion, Titan added a new Tanishq store in Virginia, USA, during Q2 FY26.
