Titan Company, the Tata-backed retail powerhouse known for its jewellery and watches, wrapped up the March quarter of FY25 with a solid 25% bump in standalone revenue—driven largely by the performance of its jewellery segment.
The jewellery division, which brings in the lion’s share of Titan’s earnings, grew 24% in the domestic market. The surge was largely fueled by rising gold prices, which pushed consumers toward gold jewellery and coins as both adornment and investment. Plain gold jewellery clocked a 27% year-on-year rise, while gold coin sales soared 65%.
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While big-ticket items held their ground, demand at the lower end of the pricing spectrum showed signs of strain due to soaring gold rates. The company noted that although the number of buyers grew modestly, those who did spend ended up shelling out significantly more, leading to a strong jump in average transaction values.
Titan described the quarter—and the year overall—as one of “strong momentum,” with revenue for FY25 up 21% from the previous year. Between January and March alone, the company added 72 new stores, expanding its retail footprint to 3,312 locations across India.
Its Watches & Wearables division also showed healthy gains, with domestic revenue up 20% in Q4. Legacy brands like Titan, Fastrack, and Sonata helped lift analog watch sales by 18% year-on-year. Among its retail channels, Helios led the growth charts, reflecting a growing consumer shift toward premium watches.
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In summary, despite a complex gold price environment, Titan has managed to maintain its upward trajectory by catering to both value-focused and premium-seeking customers across its portfolio.
