Titan Company reports strong Q1 growth, expands retail presence

Titan Company announced a strong first quarter for fiscal year 2026, with consumer businesses registering approximately 20% year-over-year growth. The company's domestic operations saw a 19% increase, fueled primarily by the Jewellery division which grew by 18%. While buyer growth was flat YoY for Tanishq, Mia, Zoya and CaratLane, the Watches division posted a robust 23% growth, and Emerging Businesses increased 36% YoY. The International business saw a substantial 49% growth, notably driven by a near doubling of Tanishq's business in the US market. The company expanded its retail footprint by a net of 10 stores during the quarter, bringing the total store count to 3,322. The Jewellery division added 19 stores, while the Watches division added 9. EyeCare, however, saw a net reduction of 20 stores. The company remains cautious regarding gold price volatility but is optimistic about future performance.