Titan Q1 FY26 Update disappoints

Q1FY26 Update Consumer biz grew 20% YoY, led by: Jewellery +18% (TMZ +17%, CaratLane +38%) Watches +23%, EyeCare +12% International biz up 49% YoY Net store adds: +10 | Total stores: 3,322 Opened 1st Tanishq + Titan Eye+ in the US But here’s the catch — stock fell ~8% Clearly the Street expected more. Tier-2 jewellery peers posted much higher growth, especially in gold-heavy formats. Titan’s studded focus and rising gold prices led to softer traction in June. Still a solid biz — but in a growth-chasing market, being “good” isn’t always good enough.