Titan Company Shares Soar 2% on Strong Q3 Growth, Powered by Jewelry and Retail Expansion

Shares of Titan Company Ltd. surged over 2% in early trading on Monday, making it the top performer on the Nifty 50 index after the company reported an impressive 24% year-on-year growth for the quarter ending December.
Titan’s shares opened with a gain of more than 1%, reaching ₹3,490 at the start of the trading session. This surge follows a strong financial update, as the company’s standalone business posted a significant 24% growth in the third quarter.
Strong Performance in Jewelry and Retail
Titan’s jewelry business was a standout performer, with a 26% year-on-year growth driven by robust demand during the Diwali festive season. The number of buyers saw high single-digit growth, and the average ticket size grew by double digits. Additionally, Caratlane—Titan’s jewelry brand—also recorded a solid 25% year-on-year growth, with its studded jewelry portfolio showing a remarkable 26% increase.
The quarter also marked the expansion of Caratlane’s global footprint with the opening of its first international store in New Jersey, USA, and the addition of 19 new domestic stores, bringing the total number of stores in India to 305. Titan’s Tanishq brand similarly expanded its reach, opening new stores in Seattle, USA, and Gold Souk, Dubai, along with 24 new stores across India, including 11 Tanishq stores and 13 Mia stores.
Strong Growth in Other Segments
Titan’s Watches & Wearables segment saw a 13% year-on-year growth in domestic sales, with the analog watch category growing by 19%. However, the wearables category experienced a 20% decline compared to the previous year. The division also expanded its retail presence, adding 23 new stores during the quarter, including outlets for Titan World, Helios, and Fastrack.
In the Titan EyeCare segment, the company reported a robust 17% growth, driven by strong retail and e-commerce performance. The chain also added three new stores in India during this period.
Titan’s emerging businesses also saw mixed results, with fragrances growing by 27% year-on-year, while fashion accessories saw a 20% decline. The Taneria business remained flat, with no significant growth compared to the previous year, although it opened one new store in Salem.
With these strong financial results and ongoing expansion efforts, Titan continues to position itself as a leader in the jewelry, watches, and eyewear sectors, with sustained growth and an expanding global presence.