Titan Company Q1 update: Consumer businesses jump 41%, domestic business grows 37%

Leading branded jeweller maker Titan Company Ltd on Monday (July 6) reported a 41% year-on-year growth in its consumer businesses for Q1 FY27, driven by strong performance across jewellery, watches, eyecare and emerging segments, along with expansion in its retail network.

The domestic business grew 37% YoY, supported by growth across jewellery, watches, eyecare and emerging businesses. Jewellery grew 39%, watches rose 23%, and eyecare increased 23%, while emerging businesses registered 19% growth during the quarter.

The jewellery division was supported by festive demand and Akshaya Tritiya sales. Buyer growth came in at early double-digits, while average ticket sizes rose in high double-digits. Within the portfolio, plain and studded jewellery categories grew in the mid-thirties, while coins continued strong double-digit growth momentum.

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The watches segment grew 23% YoY, driven by analog watches, which rose in the high twenties, supported by premiumisation trends. Smart watches, however, declined in the low teens.

The eyecare business recorded 23% growth, supported by momentum across owned and international brands, aided by marketing initiatives focused on multi-pair and multi-category offerings and premiumisation.

Emerging businesses grew 19%, with fragrances rising in the mid-teens, women’s bags posting strong double-digit growth, and Taneira reporting low single-digit growth.

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The international business grew 128% YoY, with jewellery brands Tanishq, Mia and CaratLane recording strong traction in North America and double-digit growth in GCC markets. The core Damas business showed gradual recovery across key parameters despite geopolitical volatility.

Titan added 77 net stores during the quarter, taking its total retail network to 3,680 stores as of June 2026. The update is provisional and subject to limited review by statutory auditors.

Shares of Titan Company Ltd ended at ₹4,482.00, up by ₹21.80, or 0.49%, on the BSE.

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