NEW DELHI: Titan Company Ltda standalone participant in the Tata Group, introduced a strong growth for the third quarter of the present fiscal yr, with a 24 per cent annual growth, on 6 January.
Jewelery
This surge was pushed by strong festive demand, significantly in the jewelery sector, when the corporate’s home jewelery phase rose by 25 per cent YoY, boosted by elevated client exercise throughout Diwali, which led to excessive single-digit growth in patrons and double-digit. enhance in ticket measurement.
Plain gold noticed a big annual growth of 24 per cent, benefiting from rising gold costs in addition to elevated festive and marriage ceremony purchases. Notably, gold coin gross sales surged by 48 per cent YoY, reflecting the rising reputation of gold as each an funding avenue and a customary buy throughout ‘Dhanteras’.
Additionally, the studded jewelery phase grew by 21 per cent YoY, recording its highest-ever quarterly efficiency for FY25.
Watches and wearables
In the watches and wearables phase, Titan reported a 13 per cent YoY growth, with analog watches witnessing a strong 19 per cent growth, pushed by festive demand and premiumisation tendencies.
The firm launch stated, “Consumer preferences were firmly oriented toward higher-end timepieces, particularly evident in the growths of Titan, Edge and Xylys and international brands through the Helios channel.”
However, the wearables class confronted a 20 per cent decline, reflecting broader market tendencies and decreased spending in the entry- and mid-phase worth factors. The firm added 23 new shops in the quarter, together with 12 shops in Titan World, 10 in Helios, and 1 in Fastrack.
Eye Care
Titan’s EyeCare division additionally carried out effectively, recording a 17 per cent YoY growth, with strong contributions from each retail and e-commerce. International manufacturers and reasonably priced trend performed a big function in enhancing the general product combine. During the quarter, Titan Eye+ closed three shops in India.
rising companies
Titan’s rising companies confirmed diverse outcomes, with fragrances rising by 27 per cent, trend equipment seeing a 20 per cent decline, and Taneira remaining flat YoY. Caratlane, nevertheless, reported a strong 25 per cent YoY growth, pushed by a 26 per cent enhance in its studded portfolio.
Global presence
Titan’s complete retail community, together with CaratLane and worldwide shops, grew by a web 69 shops through the quarter, bringing the general retailer rely to three,240.
Caratlane opened its first worldwide retailer in New Jersey, USA, and expanded its home presence with 19 new shops, bringing the whole to 305 in India.
The firm’s jewelery chain, Tanishq, expanded internationally with new shops in Seattle, US, and Gold Souk, Dubai. Domestically, Titan added 24 new shops, together with 11 in Tanishq and 13 in Mia.
Taneira additionally added 1 retailer in the town of Salem through the quarter.
