Titan Company Limited Q3 FY 2024-25: 24% YoY Growth in Jewellery, 19% YoY Growth in Watches & Wearables

Titan Company Limited has reported a growth of 24% YoY in the Jewellery segment and 19% YoY in the Watches & Wearables segment for Q3 FY 2024-25. The company's combined retail network expanded by 69 stores (net) to reach 3,240 stores. The Jewellery segment, excluding bullion and Digi-gold sales, grew 25% YoY, driven by strong festive demand and increased gold prices. The Watches & Wearables segment, driven by festive demand and premiumization trends, grew 13% YoY, while the Wearables category declined 20% YoY due to market stress and reduced consumer spending. The company added 23 new stores in the quarter, with 11 stores added in Tanishq and 13 stores added in Mia. The EyeCare segment clocked a healthy growth of 17% YoY, while Emerging Businesses showed mixed results.