Titan shares rally on strong Q4 jewellery biz growth

ET BureauLast Updated: Apr 09, 2026, 06:20:00 AM IST

Synopsis

Titan Company shares surged to a record high on Wednesday. This jump followed a strong business update for the March quarter. The jewellery division saw significant growth, driven by Tanishq and Mia. Buyer growth improved, and higher average ticket sizes boosted revenue. The watches division also reported growth, particularly in analogue watches.

Kolkata: Shares of Titan Company rose nearly 7% on Wednesday to a record high of ₹4,514 after the company reported strong growth in its jewellery business in the March quarter.

In its Q4FY26 business update, Titan said its jewellery division grew about 46% year-on-year despite elevated gold prices.

Secondary sales grew 52% year-on-year, led by Tanishq and supported by Mia. Buyer growth was in high single digits during the quarter, after remaining nearly flat in the previous three quarters of FY26.

Higher average ticket sizes also contributed to revenue growth. Within categories, studded jewellery grew in the low 30% range, plain gold in the mid-30% range, while coin sales nearly tripled compared with Q4FY25.

The shares pared some gains later to close 6.18% higher at ₹4,492.30 apiece on the BSE.

The company added 27 stores in India during the quarter, including eight Tanishq, 14 Mia and five CaratLane outlets.

The watches division reported 7% year-on-year growth, driven by a 16% increase in analogue watches, partly offset by a 53% decline in the smartwatches segment. Growth in analogue watches was led by Titan, Sonata and international brands, reflecting sustained consumer interest in both premium and entry levels alike.

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