Titan Q3 update: Consumer business grows 40% YoY; company adds 56 new stores

Titan Company’s consumer businesses registered a growth of 40% year-on-year in the December-ended quarter. The international business grew 79% YoY while domestic clocked a 38% growth over the same quarter in the year ago period. The Tata Group company added 56 stores taking its retail network to 3,433 stores.

The company announced its Q3 updates late Tuesday and its shares ended with gains of 0.8% at 4,112.

The fashion & lifestyle retailer domestic business segments comprise jewellery, watches, eyecare and emerging businesses.

Here’s is the segment-wise performance:

Jewellery

Buoyed by a vibrant festive demand, the jewellery portfolio clocked a robust 41% YoY growth in Q3FY26. Revenue growth was driven by substantial average selling price (ASP) increases, offsetting flattish buyer growths.”To navigate the elevated gold price environment, Tanishq deployed a powerful gold exchange offer that sustained consumer engagement beyond the traditional festive window,” a company filing to the exchanges said.The company reported distinct consumer patterns across product categories with dold coins nearly doubling in sales versus Q3FY25. Studded clocked its best performance (yet) for FY26, exhibiting healthy double-digit growth in the mid-twenties and well supported by buyer growth in the sub-segment.Of the 47 new store additions (net) in India, 10 were in Tanishq, 11 in Mia, 1 in Zoya, 1 in beYon and 24 in CaratLane respectively.

WatchesWatches division’s growth stood at 13% YoY, primarily led by analog watches which recorded a healthy festive performance of 17% YoY growth. This division added 22 new stores consisting of 9 stores in Titan World, 9 stores in Fastrack, 3 stores in Helios and 1 store in Helios Luxe respectively.

EyeCareThis division achieved a 16% YoY growth, led by both international and house brands contributing well to the overall product mix. International brands growth was powered by strong demand for sunglasses and prescription lenses. E-commerce continued to be a key driver of the division’s expansion strategy enabling higher omni-channel sales.

As part of the network optimisation in Titan Eye+, Division opened 11 new stores, renovated 20 stores and closed 30 stores during this period.

Emerging BusinessesFragrances segment grew 22% YoY led by double-digit volume growths in Fastrack and Skinn despite ASPs remaining at similar levels as Q3FY25. Women’s Bags grew 111% YoY driven by nearly twofold growth in overall volumes and healthy double-digit ASP growths in Fastrack and Irth brands.

International businessesThe international businesses primarily comprising jewellery (Tanishq, Mia and CaratLane) grew 81% YoY led by robust performance in all the markets of GCC, Singapore and North America (NA). During the quarter, Tanishq opened 2 new stores in the NA market, one each in Boston and Orlando.

(Disclaimer: The recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times.)