Titan Company Limited has informed the Exchange regarding 'Quarterly Update Q1 FY 2025-26'.
TITAN · price
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Awaiting price reaction for this filing.
Titan reported a strong Q1 FY26 with overall consumer businesses growing around 20% year-on-year. The domestic jewellery segment grew 19%, with Tanishq, Mia, Zoya (TMZ) up 18% and CaratLane up 17%. Watches was the standout performer with 38% growth, while EyeCare grew 23% and Emerging Businesses grew 12%. The international business nearly doubled Tanishq's US operations, growing 49% overall. The company added 10 stores net, taking the total retail network to 3,322 stores. However, rising gold prices from May to mid-June led to some softening in jewellery demand, with flat buyer growth and customers shifting toward lightweight and lower-karatage jewellery.
Strong broad-based growth across segments signals healthy consumer demand and continued market share gains, likely to support positive investor sentiment. However, gold price volatility remains a watchpoint as it pressured buyer growth and the studded jewellery mix during the quarter.