Titan Company recently shared an encouraging business update for the fiscal fourth quarter, showcasing impressive results across its various segments. The company concluded the financial year on a high note, achieving a 25% year-over-year (YoY) growth for the quarter and a 21% growth for the entire fiscal year. Notably, Titan expanded its consolidated retail presence by adding 72 new stores, bringing its total to 3,312 locations.

Strong Standalone Performance

According to JM Financial, Titan’s standalone sales are projected to rise by approximately 13% YoY. When excluding bullion sales, the jewelry segment experienced a remarkable 25% YoY growth, with jewelry EBIT margins estimated at 10.8%. The overall standalone EBITDA and PAT are expected to grow by 22% and 11% YoY, respectively, exceeding initial projections by 9% and 10%.

Key Business Segments Performance

Jewelry

The jewelry segment, excluding bullion, surged by 24% YoY in Q4 FY25, significantly boosted by increasing gold prices. This growth outperformed the expectations set by Motilal Oswal Financial Services (MOFSL), which had estimated an 18% growth for the quarter. The growth was driven by strong demand for both plain gold jewelry, which rose by 27% YoY, and gold coins, which skyrocketed by 65% YoY. Although high gold prices dampened demand at lower price points, sales in the premium category flourished, resulting in substantial growth in average ticket sizes. Notably, Tanishq expanded its footprint internationally, opening new stores in Sharjah (UAE), Atlanta, and Seattle (USA). In India, the brand added 16 new stores, including 4 for Tanishq and 12 for Mia.

Watches

Titan’s watch division saw a robust increase of about 20% YoY, with brands like Titan, Fastrack, and Sonata driving analog watch sales up by 18% YoY. All key retail channels, including Helios, Titan World, and Fastrack, enjoyed considerable double-digit growth, with Helios leading the charge. In this quarter, the watch segment opened 41 new stores, which included 20 in Titan World, 10 in Helios, and 11 in Fastrack.

Eyewear

The eyewear segment recorded an 18% YoY growth, benefiting from both revenue and customer expansion. Titan Eyeplus, leveraging a multi-brand strategy, experienced strong double-digit growth, particularly from international brands. The e-commerce channel has emerged as a significant growth opportunity, particularly for affordable fashion items like sunglasses. During this quarter, Titan Eye+ added two stores in the UAE—one in Sharjah and another in Dubai—but also closed 11 stores in India.

Emerging Business Ventures

In its emerging business categories, fragrances achieved a notable 26% YoY growth, while fashion accessories saw a 12% increase. Conversely, Taneira experienced a 4% decline in sales. The brand SKINN launched its first experiential store in Seawoods, Mumbai, while IRTH opened four new locations in Hyderabad, Pune, Noida, and Mumbai. Taneira, however, had to close one store during this period.

Caratlane Growth

Caratlane reported a 22% YoY growth, reflecting strong consumer preference for gold, especially in the studded jewelry segment. The buyer growth was modest in the mid-single digits, with like-to-like growth reaching 11%. Caratlane also expanded its domestic presence by adding 17 new stores during the quarter.

Titan Company’s strong performance across various sectors underscores its resilience and adaptability in a competitive market, setting a promising trajectory for future growth.