
Plain & Simple, Titan Seems to be Having a Great Time
HighlightsTitan Company shares rose nearly 7.4 percent following the announcement of a 19.4 percent increase in revenue and a 13 percent rise in net profit for the fourth quarter. The company plans to open 40-50 new Tanishq stores in fiscal year 2026 while renovating or relocating 50-60 existing stores to enhance its market presence. Emkay Global Financial Services noted that Titan Company faced challenges from high gold prices affecting consumer sentiment, prompting the introduction of a 9-carat collection in its Caratlane business to make jewellery more affordable.
Titan Company
shares have gained nearly 7.4 per cent after declaring double-digit revenue and profit growth for the fourth quarter on May 8, outperforming the 5 per cent gain in the BSE Durables index amid a volatile broader market. The
jewellery
and watch maker is expected to continue reporting strong momentum driven by increase in ticket sizes and reach. It plans to open 40-50 new
Tanishq stores
in FY26 while aiming to renovate, relocate or enlarge 50-60 existing stores.
According to
Emkay Global Financial Services
, Titan observed an impact on consumer sentiment due to high
gold prices
, in gold jewellery, within the sub-₹50,000 price band. In the higher price band, buyer growth was seen with higher demand for simple designs that attracted lower making charges. To offer more options to consumers amid steep gold prices, Titan has introduced a 9-carat collection in its
Caratlane
business to make products affordable.
Higher gold prices also increased the company's finance cost to ₹252 crore in the March 2025 quarter from ₹201 crore in the year-ago quarter. Jewellers and manufacturers tend to lease gold from bullion banks instead of maintaining their own inventories of the precious metal to reduce the risk of price volatility. Gold-on-lease (GOL) rates shot up recently, adding to the woes of gold users.
The company mentioned during the analyst call after declaring quarterly result that overall gold price increase has a larger impact for the full year. GOL rates have been settling down and are now about 75-80 bps above the historical number after nearly doubling.
Revenue from operations and net profit grew by 19.4 per cent and 13 per cent on-year to ₹14,916 crore and ₹871 crore. Ebitda margin rose by 10 bps on year to 11.9 per cent in March quarter.
Centrum Broking
expects Titan to benefit from launch of new designs and rising share in
wedding jewellery
. After considering lower FY25, it has cut earnings for FY26 and FY27 by 13 per cent and 6 per cent and have changed rating from 'buy' to 'add' with a P/E of 60 for FY27 and target price of ₹3,960.

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Business Standard
20 hours ago
- Business Standard
Minutes & Machines from Helios Luxe by Titan: A Celebration of Machines, Moments, and Movement
NewsVoir Bengaluru (Karnataka) [India], June 4: There's a unique harmony between the rev of an engine and the tick of a fine timepiece both defined by precision, passion, and timeless craftsmanship. Celebrating this synergy, Helios Luxe by Titan, India's leading premium watch destination, hosted an exclusive motorcycling experience titled Minutes & Machines. The event took place on the morning of Saturday, 31st May, uniting two worlds bound by craftsmanship and character. It marked the launch of U-BOAT's latest collection, Capsoil and Dark Moon, capturing the spirit of luxury riding and reflecting the brand's bold, uncompromising character. A curated group of 60+ Harley-Davidson and other superbike riders participated in this invitation-only experience. The ride was led by renowned automotive journalist and biking enthusiast Sagar Sheldekar, starting from Titan's Integrity Campus in Electronic City and concluding at the Helios Luxe store in Koramangala, Bengaluru. As engines ignited and tires hit the road, a surge of energy swept through the morning. Adrenaline surged as the convoy powered ahead, creating a striking spectacle of motion and unity. Riding as one, the group carved through the city streets, culminating their journey at the Helios Luxe store in Kormangala. Each machine, distinct in its craftsmanship and precision, stood as a testament to both power and beauty. Speaking on the initiative, Javed K M - Retail Head, Watches & Wearables. Titan Company Ltd. said, "With Minutes & Machines, Helios Luxe set out to craft an experience fueled by adrenaline, and a shared passion for exceptional design. The ride brought together individuals who find connection through their love for powerful machines, whether on the wrist or on the road. It wasn't merely an exhibition of watches, but a reflection of a dynamic lifestyle rooted in precision, speed, and character. This rally is about more than the ride, it's about cultivating a community that appreciates bold aesthetics, meaningful engineering, and the stories behind each timepiece." Minutes & Machines was conceived as a community-driven moment to amplify the bold craftsmanship and design philosophy of U-BOAT watches, offering participants a deeper, hands-on appreciation of the brand. At the Helios Luxe store, guests were treated to a premium in-store session featuring a walkthrough of U-BOAT's signature timepieces, known for their robust design language, Italian heritage, and unapologetic character. The experience also included exclusive guest interactions and photo opportunities creating a seamless blend of high-performance motorcycling and horological storytelling. Helios, The Premium Watch Store, owned and operated by Titan Company Limited, is India's largest premium multi-brand watch retail chain with 275 stores across 101 cities. With an extensive portfolio of over 45 international brands, Helios offers the widest collection of affordable luxury watches, ranging from INR 5000 to 1 Lac. From Tissot to Swarovski, Fossil to Frederique Constant, and many more, Helios caters to the discerning taste of watch enthusiasts. Embracing an omni-channel model, Helios pioneers the integration of brick-and-mortar stores with assisted e-commerce, prioritizing consumer-centric policies such as same-day delivery, a 30-day exchange policy, and free battery replacement.

Mint
a day ago
- Mint
Titan to Kalyan Jewellers: Is it wise to buy jewellery stocks amid soaring gold prices? EXPLAINED
The rising gold prices act as a double-edged sword for jewellery stocks, as they can lead to inventory gains but dent demand, which could impact the profitability. With gold prices once again eyeing the ₹ 1,00,000 mark in the spot market, the spotlight is back on the jewellery companies like Titan, Kalyan Jewellers and Senco Gold, which have showcased a mixed performance so far in 2025. While the market leader Titan has gained 7% year-to-date (YTD) amid a 26% rally in gold prices, other top jewellery stocks – Kalyan, Senco and Motisons – have lost between 28% and 40%. However, despite the mixed show, analysts remain largely positive on the branded jewellery players. They believe that while the short-term outlook is hazy, these companies will continue to do well in the long run, given strong demand and a shift towards organised players. Sky-high gold prices create a complex landscape for jewellery companies, said Vinit Bolinjkar, Head of Research, Ventura. While high gold prices can boost revenue for companies dealing in gold jewellery due to higher per-unit sales value, they also suppress consumer demand for physical jewellery, particularly in price-sensitive markets. In India, jewellery demand slumped 25% YoY in volume in Q1CY2025, he observed. However, despite the slump in demand, ICRA projects domestic gold jewellery consumption by value to continue to exhibit double-digit growth in FY2026, with an estimated increase of 12-14%. This trend, ICRA said, is similar to the price-driven expansion seen in FY2025, when the sector registered a 28% rise in value, largely attributable to a 33% surge in gold prices. The current fiscal year is expected to follow a similar trajectory. According to Jitin Makkar, Senior Vice President and Group Head, ICRA, 'ICRA's sample of 14 large retailers—representing approximately two-thirds of the organised market—is expected to post revenue growth of 14–16% YoY in FY2026. This will be supported by continued gold price appreciation, planned retail expansion, and market share gains from the unorganised segment. A higher number of auspicious days in the fiscal is also expected to lend some support to demand, despite elevated prices and declining volumes.' These estimates come, even as ICRA expects domestic gold jewellery consumption volumes to decline by 9-10% in FY2026, following the 7% drop in FY2025. However, ICRA added that investment demand (coins and bars) will remain resilient. According to a Reuters report, quoting CFO Ashok Sonthalia, Titan's jewellery business, which accounts for nearly 90% of its total revenue, is expected to grow between 15-20% in FY26 amid demand from affluent Indians. Further explaining the impact of rising gold prices, Boljinkar said, "Most organised jewellers use average-cost accounting, so a rising gold curve fattens reported gross margins until prices plateau. Each $100/oz move in gold adds roughly 60-80 bps to operating margin in the following quarter for inventory-heavy players such as Titan and Kalyan." The bullish outlook by analysts is further driven by the organised jewellery sector's robust Q4 FY25 performance, despite the record-high gold prices. Titan Company led the pack with a ~19% year-on-year rise in jewellery revenue, while net profit climbed 13% to ₹ 871 crore. Despite elevated input costs, the company maintained its double-digit EBIT margins and announced plans to open 40–50 new Tanishq stores in FY26 to deepen its footprint beyond metro cities. Kalyan Jewellers reported a 37% jump in revenue to ₹ 6,182 crore, with PAT up 36% to ₹ 188 crore, driven by a 25% surge in same-store value and aggressive expansion across North and West India. Senco Gold, with a stronghold in Eastern India, logged a 19% increase in revenue and an impressive 94% growth in PAT to ₹ 62 crore. The company attributed its performance to vibrant wedding-season demand and a higher contribution from diamond jewellery, with non-East stores now accounting for 18% of total sales. Regional player Thangamayil Jewellery also saw revenue grow to ₹ 1,381 crore with a net profit of ₹ 31 crore, highlighting the resilience of rural demand amid rising gold prices. According to CA Jashan Arora, Director, Master Trust Group, said that many players have shown some concerns about elevated gold prices, which have increased working capital requirements and intensified competition, particularly from unorganised players. "Despite these challenges, branded jewellers have shown resilience, leveraging their reputation for quality and brand value to capture market share from smaller competitors. The recent shift in what consumers prefer, leaning towards organised players, along with a strong demand for gold jewellery, paints a bright picture for the market. That said, seasonal trends and a higher baseline from the festive quarter have slowed down growth a bit. This means investors should keep an eye on companies that have solid balance sheets and smart hedging strategies to handle any short-term challenges," said Arora. He added that a possible drop in gold prices could, in fact, encourage retail purchases, boosting topline growth for jewellery companies. Sneha Poddar, VP - Research, Wealth Management, Motilal Oswal Financial Services, also remains positive on jewellery stocks amid rising disposable income, shift to organised players and demand for regular-wear (beyond wedding and investment led). "As per industry estimates, the jewellery market is expected to see 15-16% CAGR to reach USD145b by FY28, with organised/formal market likely to deliver +20% CAGR to reach 42-43% of the total market. Several Indian jewellery companies have continued to perform well in Q4FY25 despite high gold prices, suggesting a selective buying opportunity in jewellery stocks with preference towards quality brands with scale and balance sheet strength," said Poddar. Commenting on which jewellery stocks to buy, Boljinkar said companies like Titan Company could be a strong long-term bet. "The company has the largest market share in wedding and everyday jewellery, omnichannel. At 45X FY28 P/E, the stock looks optically expensive but justified by 20% earnings CAGR and strong balance sheet," he added. Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.


Mint
a day ago
- Mint
10 Titan smartwatches for unmatched style: Choose your aesthetic with watches for him and her
Most people born in the 90s will remember that owning a Titan watch was a flex growing up. The brand has also grown up with us and shaken hands with the evolving trends and consumer behaviour. One such change is venturing into the smartwatch market. Yes, the Ragas and Grandmaster are still a part of their diverse portfolio, but their smartwatches are also not far behind. This article is an attempt to highlight the best smartwatch models from Titan that should be on your watch list. These models present the perfect blend of style and trust for anyone who is looking for reliability. Titan Smart 3 blends style with functionality for casual users who value aesthetics. The 1.96-inch Super AMOLED display is crisp and vivid, ideal if you enjoy vibrant visuals or take calls on the go. You'll appreciate the 7-day battery life if you often forget to charge daily. While great for basic tracking and style, fitness-focused users may find its GPS and pedometer underwhelming. What are buyers saying on Amazon? Customers love the look and the screen, many say it's the best AMOLED display in its range. But functionality disappoints: common complaints include inaccurate step tracking and GPS failure. Battery life and brand appeal earn praise, while quality and value receive divided feedback. If your priority is style, call convenience, and a premium-looking display for everyday tasks, Titan Smart 3 fits the bill. It's not built for advanced health tracking, but works for users seeking a fashionable smartwatch with solid basics. Titan Crest aims to deliver a stylish all-rounder with a brilliant 1.43-inch AMOLED display and voice-enabled productivity features. It works best for users who want visual flair, smart calling, and basic fitness tracking without charging frequently. You'll like the AI morning briefs if you start your day checking reminders and weather. But if precision tracking and long-term durability matter, it may not live up to expectations. What are buyers saying on Amazon? Visually, it hits the mark. Many users love the display and aesthetic. But beneath the surface, complaints around GPS glitches, poor pedometer accuracy, and reliability are frequent. It appeals more to casual users than fitness-focused buyers. Choose Titan Crest if your focus is everyday convenience, call functionality, and a visually stunning smartwatch that complements your style. It's a sleek productivity companion, best suited for light tracking and day-to-day wear. Titan Zeal is designed for users who want a large, vivid display and lifestyle tracking without daily charging. The 1.85-inch AMOLED screen is a distinctive feature, especially outdoors. You'll appreciate the fast charging if you're short on time and the health features if you're building a daily wellness routine. While it looks and feels premium, mixed reviews around GPS, tracking accuracy, and connectivity suggest it's best for light, casual use. What are buyers saying on Amazon? Many buyers are drawn to the display and design, frequently calling it the best-looking watch in its segment. But functionality tells a different story. Complaints about flawed pedometer readings, glitchy GPS, and overall tracking accuracy dominate the negative reviews. Several users feel it doesn't justify the price tag when it comes to performance. Pick the Titan Zeal if your top priorities are display quality, smart calling, and a stylish metal finish. It's built for casual users who want to look sharp and track basic wellness metrics, not for hardcore fitness tracking or data accuracy. Titan Evolution brings a bright 1.85-inch AMOLED display with a refined metal build, geared for those who value aesthetics and everyday functionality. The 7-day battery is a plus for users who don't like to charge their devices daily. It includes over 100 sports modes and Bluetooth calling, but inconsistent performance, especially with GPS and step tracking, makes it a better fit for casual users, not anyone relying on detailed health or fitness insights. What are buyers saying on Amazon? While many are impressed with the crisp display and Titan's brand appeal, several reviews point to functional flaws. Complaints include inaccurate fitness tracking, poor GPS performance, and occasional syncing issues. The watch's look earns compliments, but users feel it doesn't deliver enough utility for its price. Titan Evolution is for someone who prioritizes aesthetics, basic features, and occasional health tracking overprecise data. It's a visually impressive smartwatch for light users who want Bluetooth calling and smart features in a premium-looking package, less so for athletes or tech purists looking for pinpoint accuracy. The sleek aluminium case and sharp 1.43-inch AMOLED display of Titan Celestor set it apart and make it a desirable daily companion. Built-in GPS and 100+ sports modes suggest serious fitness potential, but inconsistent tracking performance limits its reliability. The AI voice assistant and health monitoring tools add flair, but this is better suited for users prioritising style over deep functionality, especially if you're more occasional walker than marathon trainer. What are buyers saying on Amazon? The display earns consistent praise, often compared favourably to higher-end models. But performance flaws—especially faulty GPS, inaccurate step counts, and syncing delays—are common complaints. Many users like the look, but feel let down by the lack of polish in day-to-day use. Pick the Titan Celestor if you want a stylish smartwatch with a strong display, basic health features, and some voice control functionality. It works well for casual fitness tracking and call notifications, but if accuracy and reliability are top priorities, you may want to explore alternatives with more consistent performance. Titan Heritage brings premium styling to the forefront with its dual-tone stainless steel bracelet and crisp 1.43-inch AMOLED screen. Designed for professionals who want a sleek watch with essential smarts, it includes BT calling, voice assistant, and quick health measurements for convenient on-the-go checks. With a fast-charging battery and intuitive 3D UI, this is best suited for those seeking a fashionable daily driver over hardcore fitness tracking. What are buyers saying on Amazon? No user reviews yet. It is a new product. Opt for Titan Heritage if your priorities include a classic look, reliable everyday features, and stylish hardware over raw performance. It's a solid fit for office-goers or smartwatch first-timers who value appearance, basic health tools, and the occasional call or alert over deep integration with fitness apps. Titan Valerie blends elegance with essential smarts, offering a compact 1.19-inch AMOLED display and a studded stainless steel body designed for women. The watch supports Bluetooth calling, a women's wellness suite, skin temperature and BP monitoring, plus a safety-first SOS feature. With a functional crown and fast-charging battery, it suits those who want discreet style with just enough tech for everyday wellness and connectivity. What are buyers saying on Amazon? No user reviews yet. This is a new release. Titan Valerie is ideal for those who value refined looks and daily wellness tracking in a discreet, polished frame. The SOS feature makes it a thoughtful choice for safety-conscious users, while the BP and skin temperature tools offer added utility. It's best suited for style-driven wearers who want convenience without the bulk of a traditional smartwatch. Titan smartwatches often offer stunning AMOLED screens, but mixed feedback on GPS, pedometer accuracy, and app reliability may limit functionality. If you take frequent calls on the go, features like SingleSync BT Calling might justify the price, if the call quality holds up. Many Titan watches offer 100+ sports modes and SpO2, BP, and sleep tracking, but accuracy concerns reported by buyers could be a dealbreaker for fitness enthusiasts. Titan leans heavily on design, studded frames, metal straps, sleek UI, making them better suited for users who want a fashionable accessory with light smart features. Best Titan smartwatch Display (AMOLED) BT Calling + AI Voice Assistant Health + Fitness Tracking Titan Smart 3 1.96', 410x502 px, AMOLED Yes Basic tracking (HR, SpO2, Pedometer – not always accurate) Titan Crest 1.43', 550 nits, 60Hz AMOLED Yes HR, SpO2, Sleep, Stress, 100+ Sports Modes Titan Zeal 1.85', 600 nits, AMOLED Yes HR, SpO2, Sleep, Stress, Women's Wellness, Auto Sports Detect Titan Evolution 1.85', 390x450 px, AMOLED Yes HR, SpO2, Sleep, 100+ Sports Modes Titan Celestor 1.43', AMOLED + Built-in GPS Yes HR, SpO2, Sleep, Stress, 100+ Sports Modes Titan Heritage 1.43', AMOLED, 60Hz, Dual-tone Yes Quick Health Measure (likely HR, SpO2), 100+ Sports Modes Titan Valerie 1.19', AMOLED, Studded Finish Yes Women's Wellness, Skin Temp, BP, SpO2, HR Similar articles for you: