Titan reports strong Q3 growth as jewellery revenue rises 41 pc

Titan Company Ltd reported a sharp increase in standalone revenue for the December quarter of FY26 as strong jewellery sales and higher gold prices lifted performance. The company said revenue grew 40 percent year-on-year in the period, driven largely by its jewellery division, which accounts for about 85 percent of its business.

According to the quarterly update, the jewellery segment recorded 41 percent year-on-year growth in Q3 FY26. Titan said the improvement was supported by higher average selling prices while buyer growth remained largely unchanged. To maintain momentum during an elevated gold price environment, Tanishq deployed a gold exchange offer that helped sustain consumer engagement beyond the festive season.

The company highlighted changing consumer behaviour within the jewellery category. Gold coin sales nearly doubled compared to Q3 FY25, reinforcing their appeal as an investment product. The gold (plain) category grew in the upper thirties range, helped by seasonal wedding and festive purchases, as well as demand for design-led products. Studded jewellery delivered its best performance in the current financial year, registering double-digit growth in the mid-twenties along with positive buyer growth. Titan added the growth across all jewellery retail formats combined in the low thirties.