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Titan Posts 40% Q3 Revenue Jump as Jewellery Sales Surge, International Business Grows Nearly 80%

Higher gold-linked prices lifted average ticket sizes despite flat buyer growth.

Overview

  • Jewellery, about 85% of Titan’s business, rose 41% year on year in the December quarter.
  • Domestic sales increased 38% and overseas operations advanced around 79–81% led by the GCC, Singapore and North America.
  • Titan expanded its footprint with 54 store additions, including 47 jewellery outlets and two new Tanishq stores in Boston and Orlando.
  • The watch division grew 13% overall, with analogue up 17% while smartwatches declined 26% on lower volumes.
  • Emerging categories accelerated as women’s bags grew 111%, fragrances 22% and eyecare 16%, while Taneira dresswear fell 6%; shares closed near Rs 4,111, up about 0.8%.