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Tata Group-backed Titan Co Ltd delivered a sharp jump in revenue in the December quarter of FY26, riding on elevated gold prices and steady demand across its jewellery portfolio, led by flagship brand Tanishq.
The company has said its standalone revenue grew about 40 per cent year-on-year in the third quarter, with the jewellery division — which accounts for nearly 85 per cent of Titan’s business — recording a 41 per cent rise in sales.
Titan said higher average selling prices played a key role in driving growth, compensating for largely flat buyer additions during the quarter. To sustain consumer interest in a high gold-price environment, Tanishq rolled out gold exchange programmes that helped extend demand beyond the usual festive period.
Consumer behaviour varied across categories. Sales of gold coins almost doubled compared with the same quarter last year, underlining their appeal as an investment option. Plain gold jewellery posted strong growth in the high-thirties, supported by demand for design-focused premium offerings during the wedding and festive season.
Studded jewellery delivered its best showing of FY26 so far, registering mid-twenties growth, backed by healthy buyer additions. Like-to-like growth across all jewellery retail formats stood in the low-thirties, the company said.
Store expansion also continued at a brisk pace. Titan added 47 jewellery outlets during the quarter, taking the total to 1,167 stores. This included 24 new CaratLane stores, increasing that brand’s footprint to 365 locations.
In its watch business, domestic revenue rose 13 per cent year-on-year, driven mainly by analogue watches, which grew 17 per cent on festive demand. Premiumisation trends boosted the Titan brand, while budget labels Sonata and Fastrack posted robust double-digit value growth on strong volumes. However, the smartwatches segment declined 26 per cent, weighed down by lower volumes and largely unchanged average selling prices.
The watch division added 22 stores during the quarter across Titan World, Fastrack, Helios and Helios Luxe formats.
Titan’s eye care business reported 16 per cent growth in domestic sales, while emerging segments showed mixed performance. The fragrance business grew 22 per cent, led by Fastrack and Skinn, and the women’s bags category more than doubled, supported by network expansion and higher volumes. In contrast, ethnic wear brand Taneira saw sales decline 6 per cent due to lower volumes despite higher pricing.
International operations — largely jewellery-led — surged 81 per cent year-on-year, supported by strong demand in the GCC, Singapore and North America. During the quarter, Tanishq opened two new stores in the US, in Boston and Orlando.
