Indian jeweller Titan posts 41% growth in consumer business in first quarter

Titan

06/07/2026 15:42

July 6 - India's Titan TITN.NS on Monday reported a 41% uptick in its first-quarter consumer business, after healthy festival demand helped boost sales in its mainstay jewellery business. 
The company, which houses brands like Tanishq and Mia, added 77 stores in the three months ended June 30, 2026, taking its total store count to 3,680. 

Titan's jewellery business posted 39% growth across the portfolio domestically amid healthy demand despite high gold prices. 
The business found strong traction in North America and clocked double-digit growth in the GCC region — contributing to Titan's 128% growth in these markets, compared with 37% domestic growth.
Emerging business, including fragrances, women's bags and premium ethnic brand Taneira, grew 19%.
Brokerage firm Citi had noted that Titan remained an outlier in demand despite high gold prices and competition from other brands.
The quarterly update adds to signs that discretionary spending in India remained resilient despite elevated gold prices and uneven urban consumption. 

 (Reporting by Saikeerthi in Bengaluru; Editing by Joyjeet Das)
 ((Saikeerthi@thomsonreuters.com; (+91) 8296756080))