Titan shares in focus after Q1 update as consumer business grows 20% YoY and 10 new stores added
Synopsis Titan Company's shares are in focus following a reported 20% YoY growth in its consumer business for Q1FY26. Domestic jewellery operations saw an 18% increase, though gold price volatility impacted consumer sentiment. Watch business experienced a strong 23% YoY growth, while EyeCare grew by 12%. International business surged by approximately 49%, driven by Tanishq's expansion in the US market. Shares of Titan Company will be in focus on Tuesday after the lifestyle major reported a 20% year-on-year (YoY) growth in its consumer business for Q1FY26, along with a net addition of 10 stores, expanding its retail network to 3,322 outlets.
ADVERTISEMENT The company's domestic jewellery operations grew 18% YoY, although consumer sentiment was impacted by gold price volatility during the quarter.
While the Akshaya Tritiya period saw good traction, the increase in gold prices from May till mid-June, saw some softening in customer purchases, a company filing to the exchanges said. Buyer growth was flat (YoY) for both TMZ and CaratLane. In the high gold rate scenario, customers preferred light weight and lower karatage jewelry.
"The studded ratio came in lower YoY driven by the differential growths across segments (in TMZ), with coins continuing to lead strongly, plain gold growing in mid-teens and studded segment growth coming in early double digits. The like-to-like (L2L) domestic sales growth in TMZ were in early double digits, driven entirely by ticket size growth across formats, and the L2Ls in CaratLane were in healthy double-digits. Of the 19 new store additions (net) in India, 3 were in Tanishq, 7 in Mia and 9 in CaratLane respectively," the filing said.
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Watches domestic business clocked a strong quarter of 23% YoY growth led by analog driven by both volume and value growth. Sonata with its refreshed offerings led the growth charts for the quarter, closely followed by Titan and well supported by Fastrack and International brands, all clocking healthy double-digit growths.
The division added 9 new stores (net) consisting of 4 stores in Titan World and 5 in Helios respectively.
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EyeCare's domestic business grew 12% YoY led by performances across Retail and E-commerce, by both International and House brands. Titan Eye+ retail opened 12 new doors and closed 32 stores resulting in 20 domestic store closures (net) for the quarter.
ADVERTISEMENT In the Emerging Businesses (domestic), Fragrances grew 56% YoY led by volume growths in SKINN and Fastrack, Women's Bags grew c.61% YoY and Taneira grew 15% YoY driven by value growth in Sarees.The International Business grew c.49% YoY led by near doubling of Tanishq's business in the US market. The 1 new store addition (net) in the quarter consisted of Tanishq and Titan Eye+'s one new store opening (each) in UAE in Dubai and Sharjah respectively and closure of 1 Mia store in the region.The consumer discretionary major had reported 13% growth in its consolidated net profit at Rs 871 crore in the fourth quarter, compared with Rs 771 crore in the year-ago quarter. Total income during the reporting period increased 22% YoY to Rs 14,049 crore.
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