Titan Share Price Drops Over 5% After Q1 Update Despite 20% Business Growth

On July 8, 2025, Titan share price fell over 5.40% to ₹3,471.40 in morning trade after the company shared its Q1 FY26 business update. The stock opened lower at ₹3,554, compared to ₹3,666 in the previous session.

Titan’s share price has been volatile recently, declining about 2% in a month, but still gaining 10% over the past year. Over 5 years, the stock has delivered over 260% returns, making it a multibagger for long-term investors.

Titan Q1 FY26 Business Performance

Titan reported a 20% year-on-year growth in its consumer business for the quarter ending June 2025. The company added 10 new stores, expanding its retail presence to 3,322 outlets.

The domestic jewellery segment grew 18% YoY, although sharp fluctuations in gold prices during the quarter affected customer buying behaviour.

In its filing, Titan explained that growth varied across product categories:

• Coins led the gains strongly.
• Plain gold jewellery grew in the mid-teens.
• The studded jewellery segment rose in low double digits.

Like-to-like (L2L) domestic sales in Tanishq, Mia, and Zoya (TMZ) brands grew in early double digits, driven by bigger average bill sizes. CaratLane’s L2L sales were also strong.

Read More: Dividend, Bonus & Stock Split This Week July 7–11: Sun Pharma, JSW Steel, Pfizer, Titan, and More.

Titan’s Store Expansion and Segment Highlights

During the quarter, Titan opened:

• 3 Tanishq stores
• 7 Mia stores
• 9 CaratLane stores

This brought the total domestic store count to 3,291 and international stores to 31.

Other highlights

• The Watches segment grew 23% YoY.
• CaratLane posted a robust 38% YoY growth.
• The overall jewellery business rose 18% YoY, with TMZ brands up 17%.
• International sales surged 49% YoY, supported by the addition of one new store overseas.

Conclusion

Despite solid growth across segments and rapid store expansion, Titan’s share price came under pressure due to cautious sentiment around gold price volatility and slower growth in studded jewellery. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.