Titan on Monday reported a 41% growth in its consumer business for the first quarter, supported by healthy festival demand that boosted sales in its core jewellery segment.
The company, which houses brands such as Tanishq and Mia, added 77 stores during the three months ended June 30, 2026, taking its total store count to 3,680.
Titan's jewellery business recorded 39% growth across its domestic portfolio despite elevated gold prices, reflecting sustained consumer demand. The segment also witnessed strong traction in international markets, particularly in North America, while the GCC region delivered double-digit growth. Together, these markets contributed to 128% growth for Titan overseas, compared with 37% growth in the domestic market.
The company's emerging businesses, which include fragrances, women's bags and premium ethnic wear brand Taneira, posted 19% growth during the quarter.
Brokerage firm Citi had earlier noted that Titan remained an outlier in terms of demand despite high gold prices and increasing competition from other brands.
The quarterly update adds to indications that discretionary spending in India remained resilient, even as consumers grappled with elevated gold prices and uneven urban consumption trends.
With Reuters inputs