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Titan Company Ltd. saw its shares rise over 2% in morning trade, making it the top gainer on the Nifty 50 index
Titan Share Price Today
Titan Company Ltd. saw its shares rise over 2% in morning trade, making it the top gainer on the Nifty 50 index, following the announcement of a 24% year-on-year growth for the quarter ended December.
In its filing with the stock exchanges, Titan revealed that its combined retail network, including CaratLane and international stores, expanded by 69 new stores during the quarter, bringing the total to 3,240 locations.
The company delivered robust results for Q3 FY25, driven by a 25% year-on-year growth in its Jewellery segment, fueled by strong festive demand, higher gold prices, and purchases during the wedding season.
Gold coin sales surged 48%, while studded jewellery saw a 21% increase compared to the previous year. The Jewellery segment also added 24 net stores in India and expanded internationally with new locations in Seattle and Dubai.
In the Watches & Wearables category, Titan reported a 13% YoY growth, with analog watches increasing by 19%, driven by premiumization and festive demand. However, wearables saw a 20% decline due to market pressures. Titan EyeCare posted a 17% YoY growth, despite the closure of three stores during the quarter.
“Consumer preferences leaned strongly towards high-end timepieces, particularly evident in the growth of Titan, Edge, Xylys, and international brands through the Helios channel,” the company stated.
CaratLane, Titan’s jewellery retail arm, reported a 25% YoY growth, with 19 new domestic stores and its first international outlet in New Jersey. The Emerging Businesses segment had mixed results, with Fragrances growing by 27% and Fashion Accessories seeing a 20% decline.
Titan EyeCare also delivered strong sales growth of 17%, driven by performance across both retail and e-commerce channels. The Titan Eye+ chain expanded its footprint with three new stores in India during the quarter.
In the emerging business segment, Titan’s Fragrances division saw a significant 27% growth, while Fashion Accessories experienced a 20% decline. Taneria’s sales remained flat compared to last year, although it opened a new store in Salem, India.
