Titan Company Limited’s jewellery division continued its strong performance in the second quarter of FY26, recording a 19% year-on-year growth despite challenging market conditions marked by high gold prices and a strong base from last year.
The growth was fuelled by the robust performance of its flagship brands Tanishq, Mia, Zoya, and CaratLane, with the early onset of the festive season in September 2025 and effective marketing campaigns driving higher consumer footfall.
Tanishq, Mia, and Zoya together registered around 18% growth, while CaratLane led the portfolio with an impressive 30% surge, thanks to its strong omnichannel model and growing resonance with younger consumers.
In terms of category performance, studded jewellery outpaced plain gold, with sales rising in the mid-teens—a clear indication that design innovation and style-driven purchases are gaining ground among Indian buyers. The company also noted continued strength in gold coin sales, reflecting sustained investor interest amid volatile gold prices.
During the quarter, Titan accelerated its retail expansion, adding 34 new stores across its network—6 Tanishq, 18 Mia, and 10 CaratLane outlets—bringing its total jewellery retail footprint to 1,120 stores across India.
A notable highlight of the quarter was the opening of Tanishq’s first dedicated wedding destination store, Rivaah, in Delhi. Designed as a one-stop destination for brides, Rivaah showcases curated bridal collections, strengthening Tanishq’s leadership in the wedding jewellery segment.
Both Tanishq and CaratLane recorded double-digit like-for-like growth, underscoring consistent brand momentum. On the international front, Tanishq’s global jewellery business saw remarkable traction—sales in the USA more than doubled, while the GCC markets maintained strong double-digit growth. The brand also inaugurated a new store in Virginia, USA, expanding its global presence.
Despite the macroeconomic headwinds, Titan’s jewellery business continues to demonstrate resilience and brand strength, reaffirming its position as one of India’s most trusted and forward-looking names in the sector.
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