Titan Q1FY26 business updates: Jewellery business reports 18% YoY growth, eyecare business shuts 20 stores

Titan Company Ltd, one of India’s leading jewellery and lifestyle product companies, reported its Q1FY26 business update on Monday post-market hours. The shares of Titan closed 0.46% lower at ₹3,670 apiece on the NSE.

The company reported 20% YoY growth in its consumer business with a total of 10 store additions during the quarter, taking the total presence to 3,322 stores. The jewellery business, which holds brands like Tanishq, Mia, Zoya and Caratlane, witnessed 18% YoY growth with 19 store additions, taking the total store count to 1089 in India.

The overall growth in the jewellery business experienced the impact of volatility in the gold prices. The Akshay Tritiya period saw some growth, which was later impacted by higher gold prices from mid-May to June end.

In addition, the watches segment also witnessed strong growth at 23% YoY, with a total 9 store additions taking total stores to 1,244 across the country. The growth was largely led by volume and value-driven factors.

The eyecare business grew 12% YoY despite closing 32 stores and opening 12 new stores during the quarter, taking the total store count to 872. Separately, the emerging business segment, which includes fragrances, women’s bags and Taneira, also witnessed more than 50% YoY growth.

The international business saw a 49% YoY jump, led by nearly a doubling of business in Tanishq’s US store. The new store addition in the quarter consisted of Tanishq’s and Titan Eye+, one new opening in the UAE.

In Q4FY25, the company’s total revenue for the quarter stood at ₹14,916 crore as compared to ₹12,494 crore in the previous year’s similar period. On the operational front, the company reported a 29.5% YoY jump in EBITDA at ₹1,537 crore as compared to ₹1,191 crore, with an EBITDA margin expansion at 10.3% vs 9.5% in Q4FY24. Lastly, the net profit stood at ₹871 crore a rise of 12.9% YoY vs ₹771 crore.

Shares of Titan have rallied over 20.5% in Q1FY26, outperforming the NIFTY50, which rallied nearly 8% in the same period.