Titan Q1 Update: Consumer business grows 20% YoY, co adds 10 new stores

Synopsis

Titan Q1FY26 results: Titan Company posted a 20% YoY rise in consumer business and 18% growth in jewellery for Q1FY26, expanding its retail presence to 3,322 stores amid gold price volatility.

Lifestyle major Titan Company reported a 20% year-on-year growth in its consumer business in Q1FY26 while adding 10 new stores (net) in Q1FY26 extending its retail network to 3,322 stores. Its domestic jewellery operations grew 18% YoY in a quarter marked by gold price volatility affecting consumer sentiments.

The company informed about the development after market hours as part of its quarterly updates. Titan shares today ended at Rs 3,670, down by Rs 16.90 or 0.46%.

Jewellery business

While the Akshaya Tritiya period saw good traction, the increase in gold prices from May till mid-June, saw some softening in customer purchases, a company filing to the exchanges said. Buyer growth was flat (YoY) for both TMZ and CaratLane. In the high gold rate scenario, customers preferred light weight and lower karatage jewelry.

"The studded ratio came in lower YoY driven by the differential growths across segments (in TMZ), with coins continuing to lead strongly, plain gold growing in mid-teens and studded segment growth coming in early double digits. The like-to-like (L2L) domestic sales growth in TMZ were in early double digits, driven entirely by ticket size growth across formats, and the L2Ls in CaratLane were in healthy double-digits. Of the 19 new store additions (net) in India, 3 were in Tanishq, 7 in Mia and 9 in CaratLane respectively," the filing said.

Watch business

The division added 9 new stores (net) consisting of 4 stores in Titan World and 5 in Helios respectively.

EyeCare business

In the Emerging Businesses (domestic), Fragrances grew 56% YoY led by volume growths in SKINN and Fastrack, Women's Bags grew c.61% YoY and Taneira grew 15% YoY driven by value growth in Sarees.

The International Business grew c.49% YoY led by near doubling of Tanishq's business in the US market. The 1 new store addition (net) in the quarter consisted of Tanishq and Titan Eye+'s one new store opening (each) in UAE in Dubai and Sharjah respectively and closure of 1 Mia store in the region.

The consumer discretionary major had reported 13% growth in its consolidated net profit at Rs 871 crore in the fourth quarter, compared with Rs 771 crore in the year-ago quarter. Total income during the reporting period increased 22% YoY to Rs 14,049 crore.

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