Titan Company’s consumer businesses recorded a strong performance in the first quarter of FY27, registering 41% year-on-year growth, according to the company’s quarterly business update. The growth was mainly driven by robust demand in the jewellery segment, supported by festive purchases and strong sales during Akshaya Tritiya.
During the quarter, Titan added 77 new stores, expanding its combined retail network to 3,680 stores across its various business segments. The company said its jewellery brands witnessed broad-based growth, with stable gold prices supporting customer demand.
Titan reported that portfolio buyer growth in jewellery remained in the early double digits, while average ticket sizes increased at a high double-digit pace. The company’s core jewellery categories, including plain and studded jewellery, recorded individual growth in the mid-thirties. Gold coins also continued their strong double-digit growth trend, driven by investment demand.
The watches and wearables division also posted healthy growth, recording overall growth in the high twenties. The analogue watch segment benefited from continued premiumisation trends, while the smartwatch business witnessed a decline in the low teens.
Titan’s latest quarterly performance highlights strong consumer sentiment and continued demand for jewellery and lifestyle products. The company’s expansion of its retail footprint and focus on premium offerings are expected to support future growth across its key business segments.
