Titan Company closed Q4 FY26 with strong momentum in its jewellery division, which emerged as the primary growth engine, delivering 46% year-on-year growth despite a sharp rise in gold prices. The performance was driven by robust consumer demand, higher ticket sizes, and improved buyer traction after muted trends earlier in the year.
Secondary (consumer) sales in jewellery grew 52% year-on-year, led by Tanishq and supported by Mia, both recording strong traction across formats. Buyer growth returned to high single digits during the quarter, while average ticket sizes rose significantly, aiding overall revenue expansion.
Category-wise, studded jewellery posted growth in the early 30% range, plain gold jewellery grew in the mid-30s, and coin sales nearly tripled compared to the same period last year. Like-to-like growth across jewellery retail formats stood at 48% year-on-year, reflecting broad-based demand strength.
Titan added 27 net jewellery stores in India during the quarter, including 8 Tanishq outlets, 14 Mia stores and 5 CaratLane stores, taking its total jewellery network to 1,194 stores as of March 2026.
Internationally, jewellery growth remained strong, particularly in the GCC and North America. Tanishq’s GCC business grew 37% year-on-year despite geopolitical disruptions late in the quarter, while the overall international business, including Damas, surged 156% year-on-year.