Titan Consumer business grows 25%, adds 78 stores in Q2

Kolkata: Titan Company's consumer businesses grew 25% year-on-year in the second quarter of FY27 riding strong demand for jewellery and watches and continued premiumisation, though the shift in the festive calendar to the December quarter saw demand tapering towards the end of the period, the company said Tuesday.

The jewellery-to-eyewear conglomerate added 78 stores on a net basis in the quarter, taking its combined consumer network to 3,758 stores as of September. Domestic businesses grew 22%, while international operations, including Damas, surged 97%.

Jewellery, Titan's largest business, grew about 21% in the quarter. Studded jewellery sales rose in the early thirties, while plain gold jewellery grew around 20%. The company said consumer demand remained healthy for most of the quarter, supported by its 'Festival of Diamonds' campaign and brand-level promotions, before softening towards the end of the third quarter.


Buyer growth across the jewellery portfolio was in the mid-single digits, while average ticket sizes increased in double digits, pointing to continued premiumisation. However, investment-led coin demand declined in the high single digits from a high base.

Titan added 42 jewellery stores, taking the network to 1,269. Tanishq, Mia, Zoya and beYon together grew 20%, while CaratLane posted a 32% growth.