Shares of Titan Company gained 2% to Rs 4,574 on the BSE on Tuesday after the Tata Group firm reported a 41% year-on-year rise in its consumer businesses for the June quarter, aided by robust jewellery demand, an expanding retail network and strong growth in its international operations.
According to its quarterly business update filed with the exchanges, Titan added 77 stores on a net basis during Q1FY27, taking its overall retail presence to 3,680 stores as of June 2026. The company noted that these numbers are provisional and subject to a limited review by its statutory auditors.
Its domestic business recorded 37% year-on-year growth during the quarter, with the store count rising to 3,517. Jewellery remained the biggest contributor, with the segment growing 39% from a year ago. Titan attributed the performance to healthy festive demand and strong sales during Akshaya Tritiya.
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The jewellery business added 33 stores on a net basis during the quarter, taking the total to 1,227. Within the segment, Tanishq, Mia, Zoya and beYon together registered 39% growth, while CaratLane posted 42% growth. Titan said relatively stable gold prices supported buyer growth, which remained in the early double digits, while average ticket sizes increased in the high double digits.
The company said both plain and studded jewellery categories delivered growth in the mid-thirties. Coin sales also continued to witness strong double-digit growth, driven by investment-led demand.
Titan's watches business grew 23% year-on-year during the quarter. The company added 34 stores, taking the total count to 1,345. Analog watches continued to lead growth, supported by premiumisation trends, with sales rising in the high twenties. In contrast, the smartwatch business declined in the low teens.
The EyeCare segment also reported 23% growth, backed by broad-based demand across owned and international brands. Titan said calibrated marketing spends, multi-pair and multi-category consumer offers, along with premiumisation, supported growth in the business. The segment added seven stores during the quarter, taking its total network to 847.
Emerging businesses grew 19% year-on-year in Q1FY27. Within the portfolio, fragrances recorded growth in the mid-teens, women's bags posted strong double-digit growth, while Taneira delivered a low single-digit growth. Titan added two stores in the segment, taking the total count to 98.
The company's international business reported the fastest growth, rising 128% year-on-year, albeit on a smaller base. The segment had 163 stores at the end of June 2026 and included Damas Jewellery, which was consolidated into Titan from January 2026.
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Titan said its jewellery brands Tanishq, Mia and CaratLane continued to witness strong traction in North America and encouraged double-digit growth across the GCC. It also said that despite geopolitical volatility, the core Damas business is seeing a gradual recovery across key operating parameters.
Shares of the company are up 11% in 2026 and about 7% in the last one month.
