In a notable turn of events, Titan Company saw its share price soar to an impressive Rs 3,227.25 during early trading on the National Stock Exchange, marking a surge of nearly 7%. This spike followed the company’s robust pre-quarterly business update for the fourth quarter. However, as the market experienced a general moderation, the stock price retreated slightly. Nevertheless, Titan remains one of the standout performers, holding a 4% increase.

Strong Performance in Jewellery Sales

Titan’s domestic jewellery sector reported a remarkable 25% year-on-year growth, largely fueled by soaring gold prices in 2025. Within this segment:

• Gold jewellery sales increased by 27%.
• Gold coins saw an astonishing growth of 65% YoY.

This surge reflects a high consumer appetite for gold, although the company noted a trend: “High gold prices have led to a slowdown in consumer interest at lower price points. However, demand in the premium segment has remained robust, resulting in double-digit growth in ticket sizes,” according to an exchange disclosure.

Watch Business Expansion

Another highlight for Titan is the significant growth in its watch division, which expanded by 20% YoY. The brands Titan, Fastrack, and Sonata collectively enjoyed an 18% increase in analogue watch sales. Retail channels including Helios, Titan World, and Fastrack reported double-digit growth, with Helios emerging as a leader in this segment.

EyeCare Sector Growth

The EyeCare division also performed commendably, achieving an 18% increase YoY. Titan Eyeplus thrived, benefiting from the popularity of international brands. While Titan Eye+ launched two new outlets in the UAE, it unfortunately had to close 11 stores in India.

CaratLane’s Success

CaratLane, Titan’s online jewellery platform, experienced a 22% growth YoY, buoyed by strong demand for its studded jewellery line. It reported a mid-single-digit growth with an 11% like-for-like increase.

Q3 Financial Overview

In its Q3 FY25 report, Titan disclosed a 5% decline in net profit, amounting to Rs 990 crore. This drop was attributed to the effects of reduced customs duties on gold, compared to a net profit of Rs 1,040 crore in the same period last year. Despite this, Titan’s revenues surged by 23.3% YoY, reaching Rs 16,097 crore, up from Rs 13,052 crore in the same quarter a year prior.

Stock Performance Insights

Over the last five trading sessions, Titan’s stock has appreciated by 5%, with a 4% return over the past month. However, the stock has faced challenges, experiencing a 10% decline over the last six months and a significant drop of over 16% in the past year.

In summary, while Titan has faced some market headwinds, its diverse product offerings and strong growth in key segments like jewellery, watches, and EyeCare showcase its resilience and potential for future growth.