Shares of Titan Company jumped 6.5 percent on April 8, recovering from a 52-week low hit in the previous session. The sharp surge came after the company’s strong business update for the January-March quarter (Q4FY25), showing broad-based revenue growth and continued retail expansion.
The Tata Group firm reported a 25 per cent year-on-year (YoY) growth in revenue in the March quarter, led by strong performance in jewellery, watches, eyewear and emerging businesses.
Titan added 72 new stores during the quarter, taking its total consolidated retail network to 3,312 stores by the end of FY25.
Its jewellery segment, which drives the bulk of its revenue, posted a 24 percent year-on-year (YoY) growth. A sharp rise in gold prices led to a 27 percent YoY growth in plain gold jewellery sales and a 65 percent YoY growth in gold coin sales.
While higher prices impacted affordability at lower ticket sizes, resulting in single-digit growth in buyer footfalls – average ticket sizes saw double-digit growth. Studded jewellery grew in low double-digits, and the solitaire category saw a notable turnaround after a sluggish phase.
The watches and wearables segment recorded a 20 percent YoY growth supported by strong performance from Titan, Fastrack and Sonata. Analog watches led the segment’s gains, catering to both premium and mass market segments.
The eyewear business grew 18 percent YoY on the back of rising demand from international brands and expanding online presence. Titan’s e-commerce push and multi-brand strategy continued to attract value-conscious customers.
Among its emerging segments, Titan’s fragrances business recorded a 26 percent YoY growth. The launch of the first experiential SKINN store in Mumbai and growing brand traction contributed to this growth.
Titan’s handbag brand IRTH added four stores in key cities such as Hyderabad, Pune, Noida and Mumbai. However, its ethnic wear brand Tanera saw sales decline by 4 percent and one store closure, reflecting ongoing challenges in that segment.
Titan’s digital-first jewellery brand CaratLane reported 22 percent YoY growth driven by rising consumer interest in gold and studded products. The brand opened 17 new stores and reported 11 percent like-for-like growth, along with mid-single-digit growth in shopper footfalls.
Following the Q4 update, Titan shares touched an intraday high of Rs 3,222, recovering from a 52-week low of Rs 2,947.55 hit in the previous session. Despite the surge, the stock remains down over 16 percent from its September 2024 peak of Rs 3,866.15.
In the last 12 months, Titan has declined 19.5 per cent in value. After a 7 percent rise in January, it fell 11.8 per cent in February and 0.5 percent in March, but has risen 3.6 percent so far in April.
