Titan’s standalone business registered a 24% year-on-year growth, the Tata Group company reported on Monday while providing an update for the December 2024 quarter.
The company’s jewellery business, in particular, grew 26% year-on-year, driven by strong festive demand. Robust consumer traction during Diwali resulted in high single-digit buyer growth, along with double-digit growth in ticket sizes, the company said.
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Plain gold saw a 24% year-on-year growth, benefiting from higher gold prices, festive, and wedding purchases, the company added. Notably, gold coin sales grew by about 48% year-on-year, reflecting consumer preference for gold as an investment and customary purchases during Dhanteras.
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Studded jewellery grew by about 21% year-on-year, marking the highest quarterly growth for the financial year 2025 (FY25), the company said.
Tanishq opened new stores in Seattle, USA, and Gold Souk, Dubai. Of the 24 new store additions in India, 11 were in Tanishq and 13 in Mia.
Titan’s domestic watches and wearables business grew by 13% compared to last year. The analog segment saw a 19% increase, while the wearables segment experienced a 20% decline from the previous year.
The watches and wearables business added 23 net new stores during the quarter, with 12 belonging to Titan World, five to Helios, and one to Fastrack.
Titan EyeCare saw a healthy growth of about 17% from last year. The growth was led by retail and e-commerce, both in revenue and buyers. Titan Eye+ closed with three net stores in India during the December quarter.
Within the emerging businesses, fragrances grew by 27% year-on-year, while fashion accessories declined by 20%. Taneria’s growth was flat as compared to last year and added one store in the city of Salem in Tamil Nadu during the quarter.
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Caratlane grew 25% year-on-year driven by a strong 26% year-on-year growth in the studded portfolio.
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