Titan shares gain over 2% on robust Q3 business update, standalone revenue grows 24% YoY

Titan Company Limited reported a stellar 24% year-on-year (YoY) growth in standalone revenue for Q3 FY25, driven by strong festive demand across key segments. The company significantly expanded its retail footprint, adding 69 new stores, bringing its total store count to 3,240 as of December 2024.

Key Financial Highlights:

• Standalone Revenue Growth: 24% YoY.
• Jewellery Segment: Surged 26% YoY, supported by robust Diwali and wedding season sales.
• Watches & Wearables: Grew 15% YoY, led by premium analog watches.
• EyeCare: Witnessed an 18% YoY growth, driven by strong retail and e-commerce demand.
• Emerging Businesses: Recorded 5% YoY growth, led by fragrances.

Segment-Wise Insights:

Jewellery:

• Domestic market growth stood at 25% YoY, driven by festive and wedding season demand.
• Gold coin sales jumped 48% YoY, highlighting consumer preference for gold as an investment.
• The studded jewellery segment grew 21% YoY, achieving its best quarter in FY25.
• Expanded by 26 stores, including new locations in Seattle (USA) and Dubai.

Watches & Wearables:

• Analog watches grew 19% YoY, benefiting from festive promotions and premium trends.
• Wearables saw a 20% YoY decline, reflecting stress in the smart wearables segment.
• Added 23 new stores, including Titan World and Helios outlets.

EyeCare:

• Retail and e-commerce led a 17% YoY growth in the segment.
• Contributed significantly to product mix with affordable fashion eyewear and international brands.
• Store count saw a slight net decrease by 3.

CaratLane:

• Sales grew 25% YoY, bolstered by a 26% rise in the studded jewellery portfolio.
• Added 20 stores in India and opened its first store in New Jersey, USA.

Strategic Developments:

Titan continues to focus on expanding premium and international offerings across all categories, supported by innovative marketing campaigns and strategic investments. The company’s strong Q3 performance reflects its ability to capitalize on festive demand and enhance its retail footprint both domestically and internationally.

Titan Company Share Price history