Titan Q3 Update: Gold Prices, Store Expansion Drive Momentum

Titan shares touched record highs, rising over 4%, as strong Q3 business updates reinforced positive market sentiment. The company reported nearly 40% year-on-year growth in its consumer businesses, led by a stellar jewellery performance with revenues up 41%. Higher gold prices boosted average selling prices, while gold coin sales nearly doubled and studded jewellery posted healthy mid-20% growth. Domestic growth stood at 38%, while international operations surged 79%. Titan added 56 net new stores during the quarter, taking its total footprint to 3,433. Watches grew 13%, supported by premium analogue demand, while EyeCare posted steady 16% growth. While jewellery remains the key earnings driver, analysts caution that much of the optimism is already reflected in the stock’s sharp rally.