Rekha Jhunjhunwala-Backed Jewellery Company Reports Strong Q4 Growth; Share Price Jumps Up to 6%

On Wednesday, Indian markets opened on a strong note, with the Nifty 50 rising 3.41 per cent to 23,912.95. Amid this, Titan share price was trading at Rs 4,488.00, up 6.08 per cent from the previous close of Rs 4,246, following the company’s strong Q4 FY26 business update.

Titan Reports Strong Q4FY26 Performance Across Segments

Titan Company reported robust performance in Q4 FY26, with its consumer businesses registering a growth of approximately 46 per cent YoY, supported by strong traction across key segments and continued store expansion.

The company added a net 47 stores during the quarter, taking its total retail network to 3,603 stores as of March 2026, reflecting its continued focus on expansion and market penetration.

Jewellery Segment Leads Growth

The jewellery segment remained the key growth driver, reporting around 46 per cent YoY growth during the quarter. Strong consumer demand, led by Tanishq and supported by Mia, drove secondary sales growth of approximately 52 per cent YoY.

Despite high gold prices, the segment reported growth in customer additions and higher average spending per purchase. Among categories, gem-set jewellery grew in the early 30 per cent range, gold jewellery in the mid-30 per cent range, while coin sales nearly tripled during the quarter.

The company added 27 net stores in the jewellery segment, including Tanishq, Mia, and CaratLane outlets, further strengthening its retail presence.

Watches Segment Shows Mixed Trends

The watches division reported around 7 per cent YoY growth, driven primarily by a 16 per cent YoY increase in analog watches, supported by brands such as Titan, Sonata, and international labels. However, the smartwatches category declined sharply by around 53 per cent YoY, partially offsetting overall segment growth. The division added 30 net stores during the quarter.

EyeCare and Emerging Businesses Maintain Momentum

The EyeCare segment recorded around 16 per cent YoY growth, driven by strong demand across sunglasses, lenses, and frames, along with network optimisation initiatives.

Emerging businesses also performed steadily, with fragrances growing around 30 per cent YoY and women’s bags rising approximately 47 per cent YoY. However, Taneira remained relatively flat with a slight decline during the quarter.

International Business Sees Strong Growth

Titan’s international business reported a sharp growth of around 156 per cent YoY, supported by expansion in global markets and integration of the Damas jewellery network. The company continued to strengthen its presence across the GCC region and North America, despite some disruptions during March due to geopolitical tensions in the Middle East.

As of March 2026, the company’s international store network comprised 149 stores in the GCC region, 12 stores in North America - including 10 Tanishq stores and 2 CaratLane stores (with one new store opened in Dallas during the quarter) - and 1 Tanishq store in Singapore.

Within the GCC region, the network includes 142 jewellery stores - comprising 18 Tanishq stores (including 4 converted stores), 1 Mia store and 123 Damas stores - along with 7 Titan Eye+ stores, reflecting a diversified and expanding international footprint.

About Titan Company

Titan Company Limited, part of the Tata Group, is a leading lifestyle company in India engaged in jewellery, watches, eyewear, and emerging categories such as fragrances and fashion accessories. The company operates well-known brands including Tanishq, Titan, Fastrack, CaratLane, and Titan Eye+. With a strong retail presence and diversified product portfolio, Titan continues to expand both domestically and internationally, driven by brand strength, innovation, and growing consumer demand.

During the period from December to September on a QoQ basis, Rekha Jhunjhunwala increased her stake in the company from 4.25 per cent to 5.31 per cent

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Disclaimer: The article is for informational purposes only and not investment advice.