Titan registers 24% growth in Q3, jewellery segment up 25%; shares gain

Titan shared that its combined retail network presence increased by 69 stores in Q3.

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26 Aug, 2025 12:21

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Titan Company Ltd. shares spiked over two percent in the morning deals to become the top gainer on the Nifty 50 index as the firm registered a growth of 24 percent on-year for the quarter ended December.

In a filing with the bourses, Titan shared that its combined retail network presence (including CaratLane and international stores) expanded by 69 stores in the quarter to reach 3,240 stores.

At 9.40 am, shares of Titan Company were quoting Rs 3,482.25, up by 0.9 percent on the NSE.

Titan delivered strong Q3 FY25 results, led by a 25 percent YoY growth in its Jewellery segment, driven by robust festive demand, higher gold prices, and wedding-season purchases.

Gold coin sales surged 48 percent, while studded jewellery grew 21 percent YoY. The segment added 24 net stores in India and expanded internationally with new outlets in Seattle and Dubai.

Watches & Wearables grew 13 percent YoY, with analog watches up 19 percent, fueled by premiumization trends and festive demand. However, wearables faced a 20 percent decline due to market stress. EyeCare grew 17 percent YoY, despite a net closure of three stores.

"Consumer preferences were firmly oriented towards higher end timepieces, particularly evident in the growths of Titan, Edge and Xylys and international brands through the Helios channel," said the company.

CaratLane posted a 25 percent YoY growth, adding 19 domestic stores and opening its first international outlet in New Jersey. Emerging Businesses saw mixed performance, with Fragrances up 27 percent and Fashion Accessories down 20 percent. Titan’s festive momentum underscores its market leadership despite challenges in certain categories.