Titan Company Ltd.

Titan Company has clocked a standalone revenue growth of 9 per cent in the first quarter ended June 30, 2024 (Q1FY25). The company has added 61 stores during April-June FY25, taking its combined retail network presence to 3,096 stores. Its jewellery division, which contributes over three-fourths of its revenue, reported 9 per cent growth in the domestic market and added 34 stores.

The Watches & Wearables (W&W) Division's domestic business grew 14 per cent on YoY basis. The company reported a healthy revenue growth of 17 per cent in the analogue watch segment. However, its wearables, which consist of smartwatches, witnessed a decline of 6 per cent YoY.

Domestic revenue from the EyeCare Division, which made a foray into affordable fashion, grew 3 per cent in the quarter. Titan Eye+ added 3 new stores in India during the quarter.

Its Indian dresswear business Taneira grew 4 per cent. The brand opened 4 new stores during the quarter. Similarly, its revenue from ' Fragrances & Fashion Accessories' was up 4 per cent. Within businesses, Fragrances grew by 13 per cent YoY and Fashion Accessories saw a decline of 15 per cent YoY. 

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