Titan Co. Appoints CEOs for Jewelry and Watches Divisions

Titan Co. has appointed CEOs for its jewelry and watches divisions. The company specializes in watch, jewelry, eyewear, and fashion accessory design, manufacture, and marketing. Net sales are broken down into jewelry (88.5%), watches (7.3%), eyewear (1.7%), and distribution activities (2.5%). Products are marketed through 1,909 exclusive stores, 7,000 multi-brand outlets, and the internet, with 99.5% of sales coming from India.

Titan Co., a leading player in the watch, jewelry, eyewear, and fashion accessory design, manufacture, and marketing sector, has recently appointed CEOs for its jewelry and watches divisions. This strategic move aims to bolster the company's performance and drive growth in these critical segments.

The appointment of new CEOs follows a strong Q1FY26 performance, where Titan Company reported a 20% year-on-year (YoY) growth in its consumer business. The company expanded its retail presence to 3,322 stores, with 10 new stores added during the quarter [2]. This growth was driven by a 18% YoY increase in jewellery sales and a 23% YoY growth in the watches division. The jewelry business saw a 20% YoY rise in sales, with a 10% increase in the number of stores [2].

The watches division, which accounts for 7.3% of Titan's total sales, experienced a strong 23% YoY growth, led by analog watches. The division added 9 new stores, with 4 in Titan World and 5 in Helios, contributing to the overall growth [2]. The appointment of CEOs for these divisions is expected to accelerate innovation and enhance operational efficiency, thereby driving further growth.

Titan's eyewear business, which accounts for 1.7% of total sales, has also seen significant growth. The company's eyewear division, which includes brands like Titan Eye+, saw a 12% YoY growth in its domestic business. This growth was driven by both retail and e-commerce performances, with Titan Eye+ retail opening 12 new doors and closing 32 stores [2].

The appointment of CEOs for the jewelry and watches divisions is part of Titan's broader strategy to diversify its product offerings and expand its market presence. The company's eyewear division is already a leader in the Indian market, and the appointment of new CEOs is expected to further solidify Titan's position in this segment.

Titan's focus on innovation and strategic appointments is in line with its long-term vision to become a global leader in the watch, jewelry, and eyewear sectors. The company's strong performance in Q1FY26 is a testament to its ability to adapt to market conditions and drive growth through strategic initiatives.

References:
[1] https://www.tradingview.com/news/gurufocus:9bf0f1257094b:0-meta-s-3-5b-power-move-why-zuckerberg-just-bought-into-the-world-s-top-eyewear-giant/
[2] https://m.economictimes.com/markets/stocks/news/titan-q1-update-consumer-business-grows-20-yoy-co-adds-10-new-stores/articleshow/122300194.cms