Titan Q3 Update: Consumer Business Grows 40% YoY; The company adds 56 new stores

The titan company’s consumer business reported 40% year-on-year growth in the quarter ended December. International business grew by 79% year-on-year while domestic business grew by 38% in the same quarter of the previous year. The Tata Group company added 56 stores to its retail network, taking it to 3,433 stores.

The company announced its Q3 updates late Tuesday and its shares ended up 0.8% at 4,112.

The fashion and lifestyle retailer domestic business segments include jewellery, watches, eye care and emerging businesses.

Here is the segment-wise performance:

Jewelry

Buoyed by vibrant festive demand, the jewelery portfolio registered a strong growth of 41% in Q3FY26. Revenue growth was driven by significant average selling price (ASP) increases, which offset flatish buyer growth.

“Tanishq has deployed a powerful gold exchange offer that sustains customer engagement beyond the traditional festive window to drive up the gold price,” the company said in a filing to the exchanges.

The company reported a different customer pattern across product categories with Dold Coin almost doubling sales compared to Q3FY25. Studded performed its best (yet) for FY26, showing healthy double-digit growth in the mid-twenties and well supported by buyer growth in the sub-segment.

Of the 47 new store additions (net) in India, 10 were in Tanishq, 11 in Mia, 1 in Zoya, 1 in Bion and 24 in Caratlane respectively.

clocks

The watches segment grew at 13% year-on-year, led mainly by analog watches which posted a healthy festive performance of 17% year-on-year growth. The division added 22 new stores comprising of 9 stores in Titan World, 9 stores in Fastrack, 3 stores in Helios and 1 store in Helios Lux respectively.

eye care

The segment achieved 16% YoY growth, led by international and home brands contributing well to the overall product mix. The international brand’s growth was fueled by strong demand for sunglasses and prescription lenses. E-commerce continues to be a key driver of the division’s expansion strategy, enabling higher omni-channel sales.

As part of network optimization in Titan Eye+, the division opened 11 new stores, renovated 20 stores and closed 30 stores during the period.

Emerging Businesses

The Fragrance segment grew 22% YoY, led by double-digit volume growth in Fastrack and Skin, even as ASPs remained at the same level as Q3FY25. Women’s bags grew 111% YoY on the back of almost doubling overall volume growth and healthy double-digit ASP growth in Fastrack and Irth brands.

International businesses

International businesses, mainly comprising jewelery (Tanishq, Mia and Caretlane), reported 81% year-on-year growth, driven by strong performance across the GCC, Singapore and North America (NA) markets. During the quarter, Tanishq opened 2 new stores in the NA market, one each in Boston and Orlando.

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