This growth was bolstered by the addition of 47 net new stores, expanding Titan's retail network to a total of 3,603 stores.

The domestic jewellery segment was a significant contributor, recording a 46% YoY growth. Within this segment, Tanishq and Mia brands led the charge, achieving a combined growth of around 47% compared to the same quarter last year. Despite rising gold prices, the jewellery business saw a high-single-digit increase in buyers, with average ticket sizes also rising. The studded jewellery category grew in the early thirties, plain gold saw mid-thirties growth, and coin sales nearly tripled compared to Q4FY25. The company added 27 new jewellery stores, including 8 Tanishq, 14 Mia, and 5 CaratLane outlets.

In the watches division, Titan reported a 7% YoY growth, driven by a 16% increase in analog watch sales, while the smart watches category saw a decline of 53%. The growth in analog watches was supported by strong performances from Titan, Sonata, and international brands. The division added 30 new stores, including 17 Titan World, 7 Fastrack, 4 Helios, and 2 Helios Luxe stores.

Titan's EyeCare business grew by 16% YoY, with international brands driving growth across sunglasses, lenses, and frames. The division optimised its network by renovating 37 stores, closing 32, and adding 12 new stores during the quarter.

Emerging businesses also showed positive trends, with fragrances growing by 30% YoY and women's bags by 47% YoY. However, Taneira's sales saw a slight decline of 1% YoY. The company added 6 new Irth stores, while Taneira closed one store.

Internationally, Titan's business grew by 156% YoY, with North America achieving a 50% growth. Despite disruptions in the Middle East due to regional conflicts, Tanishq's GCC business grew by 37% YoY. The international network now includes 149 stores in the GCC, 12 in North America, and 1 in Singapore.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).