More Stories

Informist, Monday, Jul. 7, 2025

 

Please click here to read all liners published on this story

--Titan domestic sales grew 19% on year in Apr-Jun 
--Titan domestic jewellery sales grew 18% on year in Apr-Jun 
--Titan net added 10 stores Apr-Jun; total retail network at 3,322 stores 
--Titan: Volatile gold prices affected consumer sentiments in Apr-Jun 
--Titan: Buyer growth in domestic jewellery business was flat YoY in Apr-Jun 
--Titan: Consumer businesses sales grew 20% on year in Apr-Jun 
--Titan watches business sales grew 23% on year in Apr-Jun 
--Titan EyeCare business sales grew 12% on year in Apr-Jun

 

MUMBAI – Titan Co. Ltd.'s sales from all its consumer businesses in the June quarter grew 20% on year. This was similar to the growth seen in the March quarter, but sharply higher than the 10% growth recorded in the June quarter last year.

 

Demand in the domestic jewellery segment was good at the start of the quarter, but the increase in gold prices between May and June affected consumer demand, the company said in its quarterly update. It said buyer growth was flat on year in its jewellery businesses across the Tanishq, Mia, Zoya, and CaratLane brands. "In high gold (price) scenario, customers preferred lightweight and lower karatage jewellery," the company said.

 

The share of studded jewellery, which are high-margin products, in total sales came down on year. Sales of plain gold products rose in the mid-teens, while sales of studded jewellery rose in the early double digits. Overall, domestic jewellery sales rose 18% on year in the June quarter, slower than the 23% growth seen in the March quarter.

 

Within the jewellery segment in India, the Tanishq, Mia, and Zoya businesses recorded sales growth of 17%. CaratLane's sales grew 38%. The like-to-like growth for the Tanishq, Mia, and Zoya businesses was in the early double digits, led by a rise in ticket size. The like-to-like growth for CaratLane was in double digits, the company said.

 

Among other smaller businesses, the domestic watches business sales grew 23% on year. This was led by higher sales and volumes in the analog segment.

 

The company's EyeCare segment sales rose 12% on year in India, while emerging businesses recorded growth of 36% on year. Titan's sales from its international business rose 49% on year during the quarter.

 

Overall, Titan net added 10 stores in the June quarter, taking its retail network to 3,322 stores. The jewellery business in India added 19 stores with three Tanishq, seven Mia, and nine CaratLane stores. It also added nine stores in the watches business. Apart from this, the EyeCare business saw net closure of 20 stores during the quarter.

 

For the financial year 2024-25 (Apr-Mar), Titan had reported a net profit of INR 33.35 billion on a revenue of INR 548.42 billion. Monday, shares of the company closed at INR 3,666.10 on the National Stock Exchange, down 0.6%.  End

 

Reported by Anshul Choudhary

Edited by Rajeev Pai

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.

 

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2025. All rights reserved.