Strong Festive Demand Drives Titan Sales

Titan Company’s sales grew in the third fiscal quarter, gaining a boost from high gold prices and the festive season.

Jewelry sales spiked 41% year on year for the three months that ended December 31, the India-based company reported Tuesday. The rise was attributable to a higher selling price, even as the consumer base remained unchanged.

The quarter is one of the most important for the Indian jewelry market, as it includes the Diwali holiday, which occurred on October 20 last year, and Dhanteras, which took place October 18. It is also the start of the wedding season, a popular time to purchase gold products. 

Revenue for diamond-studded jewelry rose over the three months, reaching its highest so far for the fiscal year.

“Gold coins nearly doubled in sales… reinforcing their strong investment proposition,” the jeweler noted. “The gold (plain) category grew strongly in the late-30s reflecting preference for design-led, aesthetic premium offerings during the wedding and festive season. Studded clocked its best performance (yet) for fiscal 2026, exhibiting healthy double-digit growth in the mid-20s and well-supported by buyer growth in the subsegment.”

The launch of the company’s lab-grown diamond brand beYon also strengthened its presence in the developing jewelry segment.

Sales of watches climbed 13% year on year, with analog watches, which saw robust festive demand, gaining 17%. Overall, group sales advanced 40%.

Titan added a net 56 stores during the period, bringing its total to 3,433.

Image: A Tanishq store in India. (Shutterstock)