Summary:
Titan Company shares hit a record high after the company reported a strong Q1 FY27 business update, driven by robust growth across its jewellery, watches, eyewear, and international businesses. The jewellery segment remained the key growth driver, while international revenue more than doubled following the consolidation of the Damas Jewellery business. The strong operational performance and continued store expansion boosted investor confidence in the stock.
Titan Company Limited shares climbed to a new record high on Tuesday following the company's impressive business performance for Q1FY27. The shares gained 4% at ₹₹4,655.90 on the BSE, breaking their record of ₹4,601.10 set on May 8, 2026.
At 9:51 AM, Titan shares were up 3.86%, compared to the benchmark BSE Sensex's gain of 0.12%. In 2026, Titan shares have beaten the market returns by 14%, against a fall of 8% in the benchmark index.
Titan shares were trading with an intra-day high of ₹4,655.90. The share price of Titan was trading in the range of ₹3,301.05 to ₹4,655.90
Q1FY27 Business Performance
Titan recorded a 41% y-o-y increase in the consumer businesses in Q1FY27 driven by robust demand witnessed in the category of Jewellery, Watches, Eyecare, and Emerging businesses. The domestic business grew 37%, while the international business posted an impressive 128% growth.
The Jewellery segment continued to be the biggest contributor to growth by posting a 39% growth. Robust festive season demand and good sales were reported in Akshaya Tritiya. Good stability in gold prices resulted in higher buyer growth at double digits, and average ticket size also grew at double-digit levels.
Titan's core jewellery brands comprising Tanishq, Mia, Zoya, and beYon witnessed a 39% growth, whereas CaratLane witnessed a 42% growth. Both plain and studded jewellery category witnessed growth at mid-thirties level, while Gold coin sales were reported at double-digit levels driven by investment demand.
Titan added 77 new stores in the quarter, and its overall retail footprint stands at 3,680 stores. Domestic stores stood at 3,517 stores, while jewellery business saw addition of 33 stores and reached 1,227 stores.
Explore: Titan Shares Hit Record High on Q4 Jewellery Surge
Watches, Eyecare and International Business Growth
Titan’s watches business increased 23% year-on-year in Q1FY27 on the back of strong growth seen in analogue watches. Growth was boosted due to premiumisation trends; the analogue watches category grew in the high twenties range, whereas smartwatch saw decline in the low teens. Titan added 34 watch stores, thereby increasing the total store count to 1,345.
The Eyecare business increased 23%; growth came from widespread demand for products across domestic and international brands. Marketing activities, multi-pair and premiumisation efforts contributed to growth. The segment added 7 stores, increasing the total store count to 847.
In emerging businesses, there was a growth of 19%; fragrances business grew in the mid-teens whereas women’s bags saw robust growth of double digits. Taneira saw low single-digit growth. The segment added 2 stores, thereby increasing the total number of stores to 98.
Titan’s international business is the fastest-growing segment, up 128% year-on-year owing to consolidation of Damas Jewellery business from January 2026. The international business comprises 163 stores. Tanishq, Mia and CaratLane business recorded strong growth traction in North America region, whereas GCC markets showed encouraging double-digit growth. Geopolitical challenges notwithstanding, Damas Jewellery is witnessing slow recovery across operating parameters.
