Within categories, studded grew strongly in early thirties, gold (plain) clocked growth in the mid-thirties and coins nearly tripled in sales
Marking an improvement in its performance, Titan Company’s consumer businesses registered a growth of 46 per cent year-on-year (YoY) in the last quarter of the financial year 2026 (Q4FY26). Jewellery business delivered a strong quarter, recording 46 per cent YoY growth in Q4FY26.
Secondary (consumer) sales were higher, growing by 52 per cent YoY, led by Tanishq and well supported by Mia, both clocking healthy growth, compared to Q4FY25. Within categories, studded grew strongly in early thirties, gold (plain) clocked growth in the mid-thirties and coins nearly tripled in sales, respectively, compared to Q4FY25.
The like-to-like growths (secondary) across all the jewellery retail formats (combined) were close to 48 per cent YoY. Of the 27 new store additions (net) in India, eight were in Tanishq, 14 in Mia and five in CaratLane, respectively.
“The steep increase in gold prices notwithstanding, business recorded high-single digit buyer growth in Q4FY26 after clocking nearly flat buyer growths in the previous three quarters of FY26. The average ticket sizes also moved up considerably, contributing to the revenue growth in the quarter,” the company said in an exchange filing.
A total of 47 stores (net) were added during the quarter, expanding Titan’s combined retail network presence to 3,603 stores. Watches division’s 7 per cent YoY growth comprised of 16 per cent YoY growth in analogue watches and a 53 per cent YoY decline in the smart watches category.
Analogue growth was led by Titan, Sonata and International brands reflecting sustained consumer interest in both premium and entry levels alike. Premiumisation trends contributed to healthy ticket size increases in the quarter. Division added 30 new stores (net), consisting of 17 stores in Titan World, seven stores in Fastrack, four stores in Helios and two stores in Helios Luxe, respectively.
International Business
Titan’s North America business continued its strong momentum, clocking 50 per cent YoY growth in the quarter. As part of leveraging Damas’ existing network (in GCC), four Damas stores were converted to Tanishq in Q4FY26. March month saw significant disruptions in the region on account of the war in Middle East impacting sales in both Tanishq and Damas stores.
Despite this, Tanishq’s GCC business clocked a healthy growth of 37 per cent YoY in the quarter. Titan’s international business (including Damas) grew 156 per cent YoY in the quarter. As of March 2026, Titan’s international store network spans 149 stores in the GCC region, 12 stores in North America and one Tanishq store in Singapore. The GCC region network of 149 stores comprises of 142 Jewellery stores.
