Titan Co Ltd Q1 FY27 revenue grows 41% as jewellery, watches, and eyewear rise

Titan Co Ltd said revenue rose 41 per cent in the June quarter of FY27. The Tata Group-managed company cited gains across jewellery, watches and eyewear. Titan said this was the third straight quarter with over 40 per cent revenue growth. Titan earlier reported 40 per cent growth in the December quarter of FY26 and 46 per cent in March.

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The jewellery division posted 39 per cent revenue growth in the April-June period of FY 2026-27. In FY26, this segment formed about 91.5 per cent of the company’s over Rs 75,000 crore revenue. Titan owns brands such as Tanishq, Mia, Zoya, beYon and CaratLane. The company shared the details in a regulatory filing.

Titan jewellery revenue growth and demand trends

Titan linked jewellery growth to festive buying and Akshaya Tritiya demand. Titan said gold prices stayed relatively stable during the quarter. "Its buyer growth came in at early double digits amid relatively stable gold prices, while average ticket sizes rose in high double digits,\" the company said. \"Amidst relatively stable gold prices, the portfolio buyer growth came in early double-digits and the average ticket sizes grew in high double-digits.\"

The company said plain and studded jewellery each grew in the mid-thirties. Titan also reported strong momentum in coins, driven by investment demand. \"The core jewellery categories of plain and studded grew individually in the mid-thirties with coins continuing its investment-led strong double-digit growth momentum during this period, Titan said in its quarterly business update.\"

Titan watches growth and product mix changes

Titan said the watches division expanded 23 per cent in the quarter. The company attributed much of the rise to analogue watches. Titan said analogue watches grew in the high twenties, helped by premiumisation trends. At the same time, Titan said the smart watches business fell in the low teens.

Titan EyeCare and emerging businesses performance

Titan said EyeCare revenue increased 23 per cent during the quarter. The filing cited momentum in owned and international brands. Titan also pointed to calibrated marketing investments. The company said it pushed multi-pair and multi-category purchases to support growth.

Titan said emerging businesses grew 19 per cent overall in the quarter. The company said fragrances increased in the mid-teens. Women’s bags recorded strong double-digit growth, Titan added. Taneira, the ethnic wear brand, grew in low single digits. \"In the portfolio, Fragrances grew in mid-teens, Womens Bags clocked strong double-digit growth for the quarter, and Taneira growth was in low single-digits, it said.\"

Titan international business growth and key markets

Titan said its International business, led mainly by jewellery brands, grew 128 per cent. The company said Tanishq, Mia, and CaratLane gained traction in North America. Titan also reported encouraging double-digit growth in GCC. Titan said, despite geopolitics, the core Damas business showed gradual recovery across key parameters.

Titan is a joint venture between the Tata Group and the Tamil Nadu Industrial Development Corporation TIDCO. The company said broad-based growth across core divisions supported the June quarter performance. Titan also flagged mixed trends within categories, including a decline in smart watches. The regulatory filing captured these segment updates for the April-June period of FY 2026-27.

With inputs from PTI