Titan jewellery grows 39% in Q1FY27; Senco Gold outpaces at 60%, Kalyan at 38%
Titan's domestic jewellery rose 39% y-o-y and international surged 128% (aided by Damas), taking its network to 1,227 domestic and 163 international stores. Rivals kept pace: Kalyan grew ~38% with 28% SSSG, and Senco Gold jumped 60%—all despite gold at Rs 1.45 lakh/10g and a 15% import tax.
Q1FY27 jewellery update: Titan's domestic jewellery grew 39% and international 128% (aided by Damas), reaching 1,227 domestic stores. Kalyan grew ~38%, Senco Gold 60%. Growth driven by festive/wedding demand despite higher gold prices and import taxes.