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Titan Company reports 24% standalone business growth in Q3FY25

06 Jan 2025 Evaluate

Titan Company registered a growth of c.24% Year-on-Year (Y-O-Y) in standalone business in Q3FY25. Titan’s combined retail network presence (including CaratLane and International) expanded by 69 stores (net) in the quarter to reach 3,240 stores. 

Its Jewellery (domestic) business grew c.25% YoY in Q3FY25 buoyed by strong festive demand. Robust consumer traction during ‘Diwali’ translated into high single-digit buyer growth along with double-digit ticket size growth. Gold (plain) exhibited particularly strong momentum growing c. 24% YoY benefiting from increased gold prices, festive and wedding purchases.

Watches & Wearables (domestic) business grew c.13% YoY in Q3FY25. Analog watches maintained its FY25 growth momentum and clocked a robust c.19% YoY growth, driven by festive demand and well supported by healthy premiumization trends.

EyeCare (domestic) clocked a healthy growth of c.17% YoY in Q3FY25 led by Retail and E-commerce, both on Revenue and Buyers. International brands and affordable fashion contributed well to the overall product mix. Titan Eye+ closed 3 stores (net) in India during the quarter.

In Emerging Businesses, Fragrances clocked a healthy growth of c.27%, Fashion accessories was lower by c.20% and Taneira was flat YoY, respectively. ‘IRTH’ opened its first women bags outlet in Phoenix Palladium, Mumbai and a store in Chennai. Taneira added 1 store in the city of Salem during the quarter.

Caratlane grew c.25% YoY driven by a strong c.26% YoY in December quarter growth in the studded portfolio. Buyers grew c.8% YoY and L2L growths clocked a healthy c.16% YoY. Brand added its first international store in New Jersey, USA in the quarter. A total of 19 domestic stores (net) were added in this period expanding the India presence to 305 stores.

Titan Company is an Indian designer and manufacturer of watches, jewellery, precision engineering components and other accessories including sunglasses, wallets, bags and belts.

Titan Co Share Price

4513.40 204.90 (4.76%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Titan Co 4513.40
Kalyan Jewell.India 424.65
Rajesh Exports 121.80
Senco Gold 365.45
Thangamayil Jeweller 4247.70
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