Titan Q3 replace: Shopper enterprise grows 40% YoY; firm provides 56 new shops
The corporate introduced its Q3 updates late Tuesday and its shares ended with good points of 0.8% at 4,112.
The style & way of life retailer home enterprise segments comprise jewelry, watches, eyecare and rising companies.
This is is the segment-wise efficiency:
Jewelry
Buoyed by a vibrant festive demand, the jewelry portfolio clocked a strong 41% YoY progress in Q3FY26. Income progress was pushed by substantial common promoting value (ASP) will increase, offsetting flattish purchaser growths.
“To navigate the elevated gold value setting, Tanishq deployed a strong gold trade provide that sustained client engagement past the standard festive window,” an organization submitting to the exchanges stated.
The corporate reported distinct client patterns throughout product classes with dold cash practically doubling in gross sales versus Q3FY25. Studded clocked its greatest efficiency (but) for FY26, exhibiting wholesome double-digit progress within the mid-twenties and effectively supported by purchaser progress within the sub-segment.
Of the 47 new retailer additions (internet) in India, 10 have been in Tanishq, 11 in Mia, 1 in Zoya, 1 in beYon and 24 in CaratLane respectively.
Watches
Watches division’s progress stood at 13% YoY, primarily led by analog watches which recorded a wholesome festive efficiency of 17% YoY progress. This division added 22 new shops consisting of 9 shops in Titan World, 9 shops in Fastrack, 3 shops in Helios and 1 retailer in Helios Luxe respectively.
EyeCare
This division achieved a 16% YoY progress, led by each worldwide and home manufacturers contributing effectively to the general product combine. Worldwide manufacturers progress was powered by robust demand for sun shades and prescription lenses. E-commerce continued to be a key driver of the division’s enlargement technique enabling larger omni-channel gross sales.
As a part of the community optimisation in Titan Eye+, Division opened 11 new shops, renovated 20 shops and closed 30 shops throughout this era.
Rising Companies
Fragrances section grew 22% YoY led by double-digit quantity growths in Fastrack and Skinn regardless of ASPs remaining at comparable ranges as Q3FY25. Ladies’s Luggage grew 111% YoY pushed by practically twofold progress in general volumes and wholesome double-digit ASP growths in Fastrack and Irth manufacturers.
Worldwide companies
The worldwide companies primarily comprising jewelry (Tanishq, Mia and CaratLane) grew 81% YoY led by strong efficiency in all of the markets of GCC, Singapore and North America (NA). Through the quarter, Tanishq opened 2 new shops within the NA market, one every in Boston and Orlando.
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