Titan Company Ltd, managed by the Tata Group, has begun the new financial year on a strong note. The company said its revenue climbed 41 per cent in the first quarter of FY 2026-27, the June quarter, with the gains spread across all three of its biggest businesses: jewellery, watches and eyewear. Notably, this marks the third consecutive quarter in which Titan's revenue growth has crossed the 40 per cent mark. Before this, the company had recorded 40 per cent growth in the December quarter of FY26 and 46 per cent in the March quarter. Titan shared all of these numbers through a regulatory filing.
Jewellery Remains the Backbone of Growth
Titan's largest business, the jewellery division, posted 39 per cent revenue growth in the April-June period. Just how central this division is to the company becomes clear from the fact that in FY26, jewellery alone accounted for about 91.5 per cent of Titan's total revenue of more than Rs 75,000 crore. Within this segment, the company owns a stable of well-known brands including Tanishq, Mia, Zoya, beYon and CaratLane.
Titan linked the jewellery gains to festive buying and demand around Akshaya Tritiya. According to the company, gold prices stayed relatively stable through the quarter, and that steadiness fed directly into sales. Titan said buyer growth came in at early double digits, while average ticket sizes, the typical value of each customer's purchase, rose in the high double digits. "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.
The company added that plain and studded jewellery each grew in the mid-thirties. On top of that, coins kept up strong momentum, 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.
Analogue Watches Shine, Smart Watches Slip
Turning to the watches business, Titan's division expanded 23 per cent during the quarter. The company credited much of that rise to analogue watches. According to Titan, analogue watches grew in the high twenties, helped along by premiumisation trends, that is, a shift toward pricier, premium products. At the same time, however, the smart watches business fell in the low teens.
Eyewear Business Grows 23 Per Cent
Titan said its EyeCare revenue increased 23 per cent during the quarter. The filing pointed to momentum in the company's own brands as well as its international brands as key drivers. Alongside this, Titan flagged the role of calibrated marketing investments. The company said it pushed multi-pair and multi-category purchases to support growth, encouraging customers to buy more than one pair and to shop across more than one product category.
Emerging Businesses and Taneira
Titan's emerging businesses grew 19 per cent overall in the quarter. Within this basket, fragrances increased in the mid-teens. Women's bags recorded strong double-digit growth for the quarter, while Taneira, the company's 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," the company said.
International Business Leaps 128 Per Cent
The biggest headline for the company came from its international business, which surged a full 128 per cent, driven mainly by its jewellery brands. Titan said Tanishq, Mia and CaratLane gained traction in North America. The company also reported encouraging double-digit growth in the GCC region. Titan added that, despite the geopolitical backdrop, its core Damas business showed gradual recovery across key parameters.
How the Overall Quarter Shaped Up
Titan is a joint venture between the Tata Group and the Tamil Nadu Industrial Development Corporation (TIDCO). The company said broad-based growth across its core divisions supported the June quarter performance. At the same time, it acknowledged mixed trends within categories, most notably the decline in smart watches. The regulatory filing captured all of these segment updates for the April-June period of FY 2026-27.
