Titan Q1 update: Business grows 41% as jewellery, watches sales gain pace

Titan Company said its consumer businesses grew about 41% year-on-year in the June quarter, helped by strong jewellery demand, store expansion and a sharp rise in its international business. The Tata Group company added 77 stores on a net basis during Q1FY27, taking its total retail network to 3,680 stores as of June 2026. The numbers are provisional and subject to limited review by the company’s statutory auditors, Titan said in its quarterly update filed with the exchanges.

Titan’s domestic business grew 37% during the quarter and had 3,517 stores at the end of June. Jewellery remained the main growth driver, with the segment reporting 39% year-on-year growth. The company said demand was helped by healthy festive buying and Akshaya Tritiya sales during the quarter.

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The jewellery business added 33 stores on a net basis, taking its total count to 1,227 stores. Within jewellery, Tanishq, Mia, Zoya and beYon together grew 39%, while CaratLane grew 42%. Titan said relatively stable gold prices helped buyer growth, which came in early double digits. Average ticket size grew in high double digits.

The company said plain and studded jewellery categories each grew in the mid-thirties. Coins also continued to see strong double-digit growth, supported by investment-led demand.

Titan’s watches business grew 23% year-on-year and added 34 stores during the quarter, taking its total store count to 1,345. Analog watches led the segment, supported by premiumisation trends, and grew in the high twenties. However, the smartwatches business declined in the low teens.

EyeCare also grew 23%, with broad-based momentum across owned and international brands. Titan said growth in the segment was helped by calibrated marketing spends, multi-pair and multi-category consumer offers, and premiumisation. EyeCare added seven stores during the quarter, taking its total to 847 stores.

Emerging businesses grew 19% in Q1FY27. Within this portfolio, fragrances grew in the mid-teens, women’s bags recorded strong double-digit growth, and Taneira posted low single-digit growth. The company added two stores in this segment, taking the total to 98.

Titan’s international business posted the sharpest growth at 128%, though on a smaller base. The segment had 163 stores as of June 2026. The international business includes Damas Jewellery, which was consolidated into Titan from January 2026.

The company said the jewellery business of Tanishq, Mia and CaratLane saw strong traction in North America and encouraging double-digit growth in the GCC. It added that despite geopolitical volatility, the core Damas business is seeing a gradual recovery across key parameters.

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