Titan Company’s shares went up by almost 5% after the company reported a strong 25% year-on-year (YoY) revenue growth in the fourth quarter (Q4) of FY25, reaching ₹3,172.95 crore.
Retail Expansion:
Titan added 72 new stores during the quarter, increasing its total store count to 3,312.
Jewelry Business:
The jewelry segment grew 24% YoY, mainly due to a rise in gold prices. Plain gold jewelry and gold coins saw a strong growth of 27% and 65% respectively, showing that people still prefer gold for both fashion and value. However, studded jewelry (like diamonds and gems) grew at a slower, double-digit rate.
Tanishq expanded internationally with new stores in Sharjah (UAE), and Atlanta and Seattle (USA). In India, 16 new jewelry stores were added—4 for Tanishq and 12 for Mia.
Watches Segment:
The watches business grew 20% YoY. Titan, Fastrack, and Sonata led the growth in analog watches, which rose by 18%. A total of 41 new watch stores were opened, including 20 Titan World, 10 Helios, and 11 Fastrack stores.
Eyecare Division:
Titan’s eyecare business grew by 18% YoY, helped by strong sales and more buyers. Online sales, especially for sunglasses, are becoming more popular. Two new Titan Eye+ stores were opened in the UAE (one in Sharjah and one in Dubai). However, 11 stores in India were closed.
Emerging Businesses:
- Fragrances: Grew 26% YoY
- Fashion Accessories: Grew 12% YoY
- Taneira (ethnic wear): Sales fell by 4% YoY
- IRTH (lifestyle products): Opened 4 new stores in Hyderabad, Pune, Noida, and Mumbai
Taneira also closed one store during the quarter.
Read More: Mahindra & Mahindra Boosts Production by 24% in March 2025
Caratlane (Online Jewelry Brand):
Caratlane grew 22% YoY, thanks to strong demand for studded jewelry. Buyer numbers increased moderately, while like-to-like (L2L) growth was 11%. The brand added 17 new stores across India.
Overall Business Overview:
Titan is a joint venture between Tata Group and Tamilnadu Industrial Development Corporation (TIDCO). It started with watches and expanded into jewelry, eyecare, and other lifestyle products.
Profit Update:
Although the company’s revenue increased, its net profit slightly fell by 0.6% in Q3 FY25 to ₹1,047 crore, compared to ₹1,053 crore in Q3 FY24. However, net sales rose 25.7% YoY to ₹17,550 crore in the same period.
Also Read: BEL Shares Jump 4% After Winning ₹2,210 Crore Defence Deal for Mi-17 Helicopters
In short: Titan’s strong growth in jewelry, watches, and new lifestyle businesses helped boost its performance, despite a small dip in profit.
