INDIAN JEWELLER

Titan Reports 26% Growth in Jewellery Sales Amid Festive Demand

Titan experienced a significant 26 per cent surge in jewellery sales during the October-December 2024 quarter, driven by strong festive demand, particularly during Diwali

Post By : IJ News Service On 13 January 2025 6:07 PM

The company, which operates nearly 3,000 stores across India, reported jewellery as its fastest-growing segment, outpacing watches and wearables (+15 per cent), eyecare (+18 per cent), and emerging businesses (+5 per cent). Overall, Titan recorded a 24 per cent growth in total revenue for the quarter.  

The jewellery division, encompassing brands such as Tanishq, Rivaah, Mirayah, Mia, Aveer, and CaratLane, benefited from a combination of increased customer footfall and higher average transaction values. Titan reported "high single-digit growth in buyers and double-digit expansion in ticket sizes" for Q3FY25.  

Plain gold jewellery experienced significant momentum, spurred by record-high gold prices, while gold coin sales surged 48 per cent, largely as an investment option and due to heightened demand during the Dhanteras festival.  

Titan experienced a significant 26 per cent surge in jewellery sales during the October-December 2024 quarter, driven by strong festive demand, particularly during Diwali. With nearly 3,000 stores across India, Titan saw its jewellery segment outperform other divisions, including watches, wearables, and eyecare. The growth was supported by increased customer spending and higher gold prices, with gold coin sales witnessing a remarkable 48 per cent rise due to investment demand and the Dhanteras festival.  

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