Titan’s Jewellery Division Posts 19% Revenue Growth in Q2

Titan Company Limited reported a glittering performance for the second fiscal quarter, driven by rising gold prices, growing consumer interest in diamond jewellery, and an early festive season boost.

The company’s core jewellery division, Tanishq, recorded an impressive 19% year-on-year revenue growth for the quarter ending September 30. Although overall footfall showed a marginal decline, the surge in gold prices led to a notable rise in average ticket size — meaning customers bought fewer pieces but spent significantly more per purchase.

Management attributed this strong performance not only to the price dynamics but also to a calendar shift, as the festive season arrived earlier this year. With Navaratri beginning on September 22, much of the festival-driven shopping—usually captured in October—was reflected in this quarter’s results.

Adding to the shine, diamond-studded jewellery sales recorded “mid-teen” growth, outpacing the performance of plain gold jewellery and underscoring a broader shift toward aspirational and premium buying trends.

Outside the jewellery segment, Titan’s Watches and Wearables division also delivered a solid 12% year-on-year growth, benefiting from increased consumer spending ahead of the extended festive period that runs through Dhanteras and Diwali.

Overall, Titan effectively leveraged favorable market conditions and the festive calendar shift to deliver a strong and well-rounded Q2 performance across its key categories.