Titan Q1 Replace: Client enterprise grows 20% YoY, co provides 10 new shops

Life-style main Titan Firm reported a 20% year-on-year development in its client enterprise in Q1FY26 whereas including 10 new shops (web) in Q1FY26 extending its retail community to three,322 shops. Its home jewelry operations grew 18% YoY in 1 / 4 marked by gold value volatility affecting client sentiments.

The corporate knowledgeable in regards to the improvement after market hours as a part of its quarterly updates. Titan shares as we speak ended at Rs 3,670, down by Rs 16.90 or 0.46%.

Jewelry enterprise

Whereas the Akshaya Tritiya interval noticed good traction, the rise in gold costs from Could until mid-June, noticed some softening in buyer purchases, an organization submitting to the exchanges mentioned. Purchaser development was flat (YoY) for each TMZ and CaratLane. Within the excessive gold fee situation, clients most popular mild weight and decrease karatage jewellery.

“The studded ratio got here in decrease YoY pushed by the differential growths throughout segments (in TMZ), with cash persevering with to guide strongly, plain gold rising in mid-teens and studded phase development coming in early double digits. The like-to-like (L2L) home gross sales development in TMZ had been in early double digits, pushed solely by ticket measurement development throughout codecs, and the L2Ls in CaratLane had been in wholesome double-digits. Of the 19 new retailer additions (web) in India, 3 had been in Tanishq, 7 in Mia and 9 in CaratLane respectively,” the submitting mentioned.

Watch enterprise

Watches home enterprise clocked a robust quarter of 23% YoY development led by analog pushed by each quantity and worth development. Sonata with its refreshed choices led the expansion charts for the quarter, carefully adopted by Titan and effectively supported by Fastrack and Worldwide manufacturers, all clocking wholesome double-digit growths.

The division added 9 new shops (web) consisting of 4 shops in Titan World and 5 in Helios respectively.

EyeCare enterprise

EyeCare’s home enterprise grew 12% YoY led by performances throughout Retail and E-commerce, by each Worldwide and Home manufacturers. Titan Eye+ retail opened 12 new doorways and closed 32 shops leading to 20 home retailer closures (web) for the quarter.

Within the Rising Companies (home), Fragrances grew 56% YoY led by quantity growths in SKINN and Fastrack, Girls’s Luggage grew c.61% YoY and Taneira grew 15% YoY pushed by worth development in Sarees.

The Worldwide Enterprise grew c.49% YoY led by close to doubling of Tanishq’s enterprise within the US market. The 1 new retailer addition (web) within the quarter consisted of Tanishq and Titan Eye+’s one new retailer opening (every) in UAE in Dubai and Sharjah respectively and closure of 1 Mia retailer within the area.

The patron discretionary main had reported 13% development in its consolidated web revenue at Rs 871 crore within the fourth quarter, in contrast with Rs 771 crore within the year-ago quarter. Complete revenue throughout the reporting interval elevated 22% YoY to Rs 14,049 crore.

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