Overview
- The jewellery division, which contributes about 85% of revenue, grew roughly 41% year on year in the December quarter.
- International revenue rose about 79–81% while domestic sales increased 38%, with two new Tanishq stores opening in Boston and Orlando.
- The total store count reached 3,399 after 54 additions in the quarter, including 47 jewellery outlets that took the jewellery network to 1,167.
- Watches showed divergence, with analogue up 17% within 13% overall domestic watch growth, while smartwatches declined 26% on lower volumes.
- Emerging categories advanced as women’s bags grew 111% and fragrances 22%, and shares hit a record high near Rs 4,256 following the update.