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Titan Company’s jewelry revenue rose in the fourth fiscal quarter, as it introduced new collections and demand improved.
Sales for the division spiked 89% year on year to INR 249.99 billion ($2.62 billion) in the three months that ended March 31, the India-based jeweler reported last week. Strong consumer confidence boosted revenue, even as gold prices soared. Total sales advanced 80% to INR 271.04 billion ($2.84 billion), marking one of the strongest quarterly performances in the company’s history. Profit jumped 35% to INR 11.79 billion ($123.8 million).
“Fiscal 2026 has been a landmark year for Titan,” said Titan managing director Ajoy Chawla. Looking ahead to the next fiscal year, he continued, “we are conscious of the macro volatility and fragile geopolitical situations that necessitate all-around agility to respond effectively to grow our businesses. We remain committed to elevating Titan’s competitive advantage, deepening customer engagement, and creating long-term value for all our stakeholders.”
Sales of watches grew 8% over the quarter, with analog timepieces recording double-digit growth. Higher average prices for smart watches partially offset a decrease in sales volume.
For the full fiscal year, jewelry sales rose 48% to INR 796.6 billion ($8.36 billion), while total sales gained 45% to INR 881.36 billion ($9.25 billion). Meanwhile, profit leaped 52% to INR 50.73 billion ($532.7 million).
Internationally, Titan’s jewelry business recorded double-digit growth during the fourth quarter in both the Gulf Cooperation Council (GCC) region and North America, despite ongoing geopolitical disruptions in the Middle East.
The company’s retail network increased by 27 stores in India, including eight Tanishq stores, 14 Mia locations and five CaratLane shops. The Tanishq brand opened four new branches in the GCC region during the quarter. The acquisition of Damas, which the jeweler completed over the three months, added 123 stores to its international network.
Image: A Tanishq store in Kolkata. (Shutterstock)
