Jewellery revenue climbed 36 per cent to ₹18,867 crore, with brands including Tanishq, Mia, Zoya, beYon and CaratLane delivering strong performance.
| Photo Credit:
FRANCIS MASCARENHAS
Retail major Titan Company posted a 40% year-on-year (y-o-y) growth in total income to ₹20,212 crore in Q1 FY27, led by a 36% increase in its jewellery business to ₹16,943 crore.
Within jewellery, the combined total income of Tanishq, Mia, Zoya and beYon grew 38% y-o-y to ₹15,502 crore, while CaratLane reported a 40% increase to ₹1,441 crore.
Titan’s watches business grew 22% y-o-y to ₹1,510 crore, while EyeCare posted total income of ₹285 crore. Its emerging businesses contributed ₹128 crore during the quarter.
International business expands despite geopolitical challenges
International business was a key growth driver, with total income rising 128% y-o-y to ₹1,346 crore. However, Titan said its international operations faced geopolitical headwinds during the quarter.
Within the international portfolio, Damas’ core business reported revenue of ₹396 crore. Including revenue from Tanishq-converted stores, for which Damas is a franchise partner, revenue stood at ₹550 crore, excluding bullion sales.
Consumer demand across the GCC was impacted by geopolitical disruptions, although Titan said the business was showing early signs of recovery across key operating parameters. Damas added two stores and closed three during the quarter, taking its core network to 122 stores across the six GCC countries as of June 30, 2026.
Management highlights resilience amid market volatility
“Q1 FY27 was a strong opening quarter for us, with our consumer businesses registering 40% growth. Through innovation and design-led differentiation, our portfolio across jewellery, watches, EyeCare and emerging businesses continues to deliver value to customers seeking premium offerings,” Ajoy Chawla, Managing Director, Titan Company, said.
He added that the quarter required agility in navigating elevated gold prices, sharp changes in the duty structure and geopolitical headwinds across international operations.
Published on August 7, 2026
