Titan Company delivered an impressive finish to FY26, with its jewellery division emerging as the standout performer in the fourth quarter. The segment recorded a 46% year-on-year increase in revenue, supported by strong consumer demand and rising ticket sizes, even as gold prices remained elevated.
The quarter saw a notable rebound in buying sentiment, following relatively subdued trends earlier in the year. Secondary (consumer) sales surged 52%, driven largely by Tanishq and Mia, both of which witnessed robust traction across their retail formats. Buyer growth improved to high single digits, while higher-value purchases significantly boosted overall sales.
Across product categories, studded jewellery led the momentum with growth in the early 30% range, while plain gold jewellery followed closely with mid-30% growth. Coin sales stood out with an exceptional performance, nearly tripling compared to the same period last year. Like-to-like sales across stores rose 48% year-on-year, underlining widespread demand strength.
On the retail front, Titan continued to expand aggressively, adding 27 net jewellery stores during the quarter. This included new outlets for Tanishq, Mia, and CaratLane, taking the company’s total jewellery network to 1,194 stores as of March 2026.
Internationally, the company maintained strong growth momentum. Tanishq’s operations in the GCC region posted a 37% increase, despite geopolitical challenges toward the end of the quarter. Meanwhile, Titan’s overall international jewellery business, including Damas Jewellery, witnessed a sharp 156% year-on-year surge, driven by expanding global demand.
Overall, Titan’s Q4 performance reflects resilient consumer appetite and the company’s ability to capitalize on premiumisation trends, even in a high gold price environment.
Disclaimer: This information has been collected through secondary research and TJM Media Pvt Ltd. is not responsible for any errors in the same.
