Titan posts 40% growth in Q1 as jewellery, watches and international business gain

Titan Company reported a remarkable 40% year-on-year growth in total income to ₹20,212 crore in Q1 FY27, driven by a substantial 36% increase in its jewellery business. Within the jewellery segment, the combined total income of Tanishq, Mia, Zoya, and beYon surged 38% y-o-y to ₹15,502 crore. Meanwhile, CaratLane experienced a 40% rise in income to ₹1,441 crore.

The watches business grew by 22% y-o-y to ₹1,510 crore, and EyeCare generated a total income of ₹285 crore. The emerging businesses contributed ₹128 crore during the period. International business emerged as a significant growth driver, with total income soaring 128% y-o-y to ₹1,346 crore. However, Titan acknowledged that its international operations encountered geopolitical challenges during the quarter.

The international portfolio, including Damas' core business, reported revenue of ₹396 crore. Additionally, Tanishq-converted stores, under Damas' franchise, added ₹550 crore in revenue, excluding bullion sales. Despite geopolitical disruptions affecting consumer demand in the GCC, Titan observed early signs of recovery in key operating parameters.

As of June 30, 2026, Damas had expanded its core store network to 122 stores across the six GCC countries, having added two stores and closed three during the quarter. Titan's Managing Director, Ajoy Chawla, highlighted Q1 FY27 as a strong opening quarter for the company, attributing its success to consumer businesses registering a 40% growth.

He emphasized the importance of innovation and design-led differentiation in delivering value to customers seeking premium offerings, while acknowledging the need for agility in navigating elevated gold prices, shifting duty structures, and geopolitical headwinds across international operations.