Indian lifestyle and jewellery giant Titan Company reported a robust 19% jump in domestic revenue for the first quarter, powered largely by surging gold prices and strong consumer demand across its core jewellery and watches segments. The growth sharply outpaced last year’s Q1 expansion of 9.3%, signaling renewed momentum in discretionary spending.
Titan’s jewellery division—anchored by flagship brands Tanishq, Mia, and Zoya—remained the cornerstone of its performance, contributing nearly 90% of total revenue. The segment recorded an 18% year-on-year growth, driven by both volume and price upticks, as consumers continued to invest in gold amid global economic uncertainty.
The company noted that like-to-like domestic sales across its jewellery brands registered low double-digit growth, boosted by elevated gold rates and sustained customer interest in wedding and festive collections.
Gold prices surged 5.5% in the April–June quarter, as global investors turned to the precious metal as a hedge against geopolitical tensions and unpredictable trade policies under U.S. President Donald Trump. The safe-haven rally in gold has benefited jewellers like Titan, who have seen higher ticket sizes and resilient demand, even in price-sensitive markets.
Titan’s watches business, its second-largest revenue generator, also delivered a standout performance with 23% sales growth. The rise was attributed to a balanced combination of increased volumes and higher average selling prices, as the brand continues to strengthen its portfolio and retail presence across urban and tier-2 cities.
With consumer confidence improving and gold holding its allure as a safe asset, Titan appears well-positioned to sustain growth through the remainder of the year—especially as the festive season approaches and the company eyes deeper penetration into both domestic and overseas markets.
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