Titan Company’s jewellery division, comprising brands Zoya, Tanishq, Mia and CaratLane, ended FY2024-25 on a strong note, clocking approximately 25% year-on-year growth in Q4, driven by a surge in consumer demand for gold.
Plain gold jewellery and gold coins led the performance, with growth of around 27% and 65% respectively. Higher gold prices pushed buyers towards higher ticket items, even as entry-level demand slowed. The studded segment registered low double-digit growth, while the solitaire category saw a turnaround with increases in both volume and value.
Like-to-like sales rose about 15% year-on-year. Tanishq expanded its footprint overseas by entering Sharjah, Atlanta, and Seattle. Domestically, 16 stores were added—4 under Tanishq and 12 under Mia—taking the total jewellery store count to 768.
CaratLane, Titan’s digital-first jewellery brand, grew 22% year-on-year. The growth was driven mainly by a strong performance in the studded jewellery category. Like-to-like sales increased by 11%, while 17 new stores were added across India in the quarter. CaratLane now operates 293 stores across India.