TITAN

** Shares of Titan TITN.NS rise as much as 3.42% to 3,985 rupees

** CLSA maintains "Outperform" rating while raising PT to street high of 4,996 rupees from 4,684 rupees - data compiled by LSEG

** Indian jeweller expected to post 43% y/y consol sales growth in 4QFY26, driven by ~58% jewellery growth and supported by an 82% y/y rise in gold prices on avg during the quarter

** Jewellery growth should remain strong despite fewer wedding days, though EBIT margins may soften to ~10.4% as Titan offers discounts to spur demand

** CLSA notes slightly lower q/q jewellery margins due to higher gold prices and discounting, but sees robust underlying demand

** YTD, TITN down

(Reporting by Urvi Dugar in Bengaluru)

((UrviManoj.Dugar@thomsonreuters.com;))

By Komal Salecha

Feb 11 (Reuters) - India's Titan TITN.NS expects double-digit percentage growth in profit for the ongoing quarter, the jeweller's CFO said on Wednesday, as demand remains resilient amid firm gold prices.

The Bengaluru-based firm, known for its Tanishq and CaratLane brands, has seen robust growth led by its mainstay jewellery segment as consumers in the world's most-populous country splurge on gold even as prices skyrocket.

Titan's third-quarter profit jumped 61%, buoyed by higher selling prices for jewellery and strong demand during India's traditional October-to-December festive season.

"January has gone very well, almost continuing the momentum which is there," Ashok Sonthalia said in an interview, adding that gold prices coming off should boost the number of buyers.

Spot gold prices XAU= fell nearly 15% over two days in January after U.S. President Donald Trump announced his choice for Fed chair. They are up 18% so far this year.

Indians are piling on gold for investment as buyers assume it will yield good returns over five to six years, Sonthalia said commenting on demand being resilient despite the high prices.

The growth in number of consumers has been flattish during the third-quarter, Sonthalia said, with revenue rise primarily driven by higher selling prices. The firm posted 42% revenue jump in the third quarter that ended on December 31.

(Reporting by Komal Salecha in Bengaluru; Editing by Mrigank Dhaniwala)

((Komal@thomsonreuters.com;))

Feb 10 (Reuters) - Indian jeweller and watchmaker Titan TITN.NS reported a higher third-quarter profit on Tuesday, buoyed by a rise in the average selling price for its gold jewellery and strong demand during the festive season.

Titan, home to Tanishq and CaratLane jewellery brands, said profit rose nearly 61% to 16.84 billion rupees ($186.04 million) for the quarter ended December 31, from 10.47 billion rupees a year ago.

($1 = 90.5180 Indian rupees)

(Reporting by Komal Salecha in Bengaluru)

((Komal@thomsonreuters.com;))

By Rajendra Jadhav

MUMBAI, Jan 21 (Reuters) - Gold premiums in India surged past $100 an ounce on Wednesday for the first time in more than a decade, with silver premiums at a record high, as traders priced in possible curbs on precious metals imports to shore up the rupee.

Bullion dealers charged a premium of up to $112 per ounce over official domestic gold prices – inclusive of 6% import and 3% sales levies – the highest since May 2014. Last week, dealers offered a discount of up to $12.

Silver premiums surged to $8 per ounce, surpassing the previous peak of $5 scaled in October.

India is the world's second-largest consumer of gold and the largest consumer of silver. The rupee slipped to a record low of 91.7425 against the U.S. dollar on Wednesday.

"People are speculating that the government may raise import duties on gold and silver to curb imports in the budget," said Chanda Venkatesh, managing director of Hyderabad-based bullion merchant CapsGold.

"Anticipating the hike, traders are charging premiums over record prices."

Finance Minister Nirmala Sitharaman is set to present the Union Budget for 2026/27 on February 1. She had slashed import duties on gold and silver to 6% from 15% in July 2024 to curb smuggling.

India meets most of its gold and silver demand through imports, which have surged in recent months, widening the trade deficit and putting pressure on the rupee INR=.

Local gold prices MAUc1 soared to an all-time high of 158,339 rupees per 10 grams, while silver MSVc1 surged to a record 335,521 rupees per kilogram. GOL/

"Traders with short positions were squeezed as prices rose, forcing them to buy to close their positions," said Prithviraj Kothari, president, India Bullion and Jewellers Association (IBJA).

While jewellery demand is down, investment in coins, bars, and exchange-traded funds has surged, Kothari said.

"Supply hasn't kept up. This shortage is causing sellers to charge higher premiums," said Chirag Thakkar, chief executive of Amrapali Group Gujarat, a leading importer.

The industry is concerned that the government may take steps to restrict bank funding currently used by jewellers for gold and silver imports, a move that is also lifting premiums on both metals, said Surendra Mehta, secretary, IBJA.

India's Ministry of Commerce and Industry did not immediately respond to a Reuters request for comment.

(Reporting by Rajendra Jadhav; Additional reporting by Aftab Ahmed; Editing by Harikrishnan Nair)

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Jan 20 (Reuters) - Indian jewellery retailer Tribhovandas Bhimji Zaveri TBZL.NS reported a 170% surge in third-quarter profit on Tuesday, buoyed by strong festive demand and higher store footfalls during the peak wedding season.

The company's net profit rose to 806.3 million rupees ($8.86 million) in the October-December quarter from 298.8 million rupees a year earlier.

Quarterly revenue rose 14.4% to 10.61 billion rupees.

The December quarter typically accounts for about a third of gold sales in the world's second-largest gold consumer, as it not only comprises festival days that are considered auspicious for gold purchases but it also coincides with the start of the wedding season.

Climbing gold prices also meant customers turned to the bullion for investment.

Spot gold prices XAU= rose nearly 12% during the quarter, driven by geopolitical uncertainties, rate cuts and robust central bank buying.

The sector has benefited from higher disposable incomes, supported by fiscal measures such as the goods and service (GST) tax cuts and income tax relief, which have left consumers with more spending power on discretionary purchases such as gold.

Peers such as Titan TITN.NS, Kalyan Jewellers KALN.NS and Senco Gold SENC.NS have reported robust quarterly sales growth, underlining broad-based sector strength.

OCT-DEC STOCK PERFORMANCE COMPARISON FOR PEERS

-- All data from LSEG

($1 = 90.9640 Indian rupees)

(Reporting by Surbhi Misra in Bengaluru; Editing by Janane Venkatraman)

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** Titan Company TITN.NS gains 4.4% for the week, the most since May 2025

** Stock is top percentage gainer on the benchmark Nifty 50 index .NSEI, which is down 2% for the week

** Stock set for fifth straight week of gains

** On the day, TITN down 0.36% to 4,233 rupees

** Earlier this week, co reported 40% y/y jump in Q3 overall sales; rev of biggest segment, jewellery, up 41%

** Centrum Broking says co's Q3 update "largely positive"

** TITN rated "buy" on avg by 33 analysts covering it; median PT at 4,346 rupees - data compiled by LSEG

** In 2025, TITN gained ~25% vs Nifty 50's ~11% rise

(Reporting by Komal Salecha)

((Komal@thomsonreuters.com;))

Recasts headline, adds paragraph 8-11

By Vivek Kumar M

Jan 7 (Reuters) - Shares of Indian jewellery retailers surged after companies reported strong sales growth for the December quarter, driven by robust festive-season demand even as gold prices soared.

Shares of Titan Company TITN.NS climbed 4.8% to hit record high of 4,307.80 rupees after the company reported a 40% jump in sales.

Kalyan Jewellers KALN.NS and Senco Gold SENC.NS also jumped 3.7% and 12.2 %, respectively, after their quarterly sales update.

Spot gold prices XAU= rose nearly 12% during the quarter, to close out a calendar year in which the precious metal clocked its steepest rise since 1979 , driven by geopolitical uncertainties, rate cuts and robust central bank buying.

"Higher prices did have an impact on volumes, but not on (overall) spending," said Dharmesh Kant, head of equity research at Cholamandalam Securities.

Kant added that jewellery companies also benefitted from higher cash in the hands of people as a result of fiscal policies like GST cuts and income tax relief, as well as low inflation.

Among other companies in the sector, PC Jewellers PCJE.NS and Thangamayil Jewellery THNG.NS gained 5.2% and 7.1%, respectively, while Tribhovandas Bhimji Zaveri TBZL.NS surged 10.5%.

Titan Company was the top percentage gainer on the benchmark Nifty 50 .NSEI index, while other stocks were among top gainers in the broader indexes.

CLSA said Titan's sales growth in the third quarter was robust in the context of an exceptional rise in gold prices.

Analysts said the company's gold exchange offer to counter higher prices aided sustained consumer engagement. Nomura, however, cautioned that this could weigh on its margins.

Kant said the sector remains on a strong footing as wedding season sales will likely support growth in the near term.

(Reporting by Urvi Dugar and Vivek Kumar M in Bengaluru; Editing by Sumana Nandy and Ronojoy Mazumdar)

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BENGALURU, Jan 6 - India's Titan Company TITN.NS on Tuesday reported a 38% rise in domestic sales for the third quarter, helped by skyrocketing bullion prices.

Titan's jewellery business, which accounts for nearly 88% of its revenue, grew 41% year-on-year, the company said in a business update for the quarter ended December 31.

Spot gold prices XAU= rose nearly 12% during the quarter in a year in which the precious metal clocked its steepest rise since 1979, driven by geopolitical uncertainties, rate cuts and robust central bank buying.

(Reporting by Komal Salecha in Bengaluru; Editing by Sahal Muhammed)

((komal@thomsonreuters.com; 6354975591))

** Shares of Titan Company TITN.NS rise as much as 1% to record high of 4,031.70 rupees

** Jeweller and watchmaker launched "beYon – from the house of Titan" on Friday, marking its entry into lab grown diamonds

** Co launches the brand's first retail store in Mumbai on Monday with 2 more stores planned in near term

** ICICI Securities says TITN's strong retail and distribution network will position it well for faster scale-up

** Management has grown more receptive to segment over the past year, a positive shift given its strong brand portfolio, including CaratLane, Zoya and Mia - Morgan Stanley

** Citi expects lab grown diamonds retail to stay highly competitive with uncertain profitability, making store expansion cautious and long-term growth unclear

** YTD, TITN up ~24%

(Reporting by Urvi Dugar in Bengaluru)

((UrviManoj.Dugar@thomsonreuters.com;))

Dec 26 (Reuters) - Titan Company Ltd TITN.NS:

• TO LAUNCH FIRST LAB GROWN DIAMOND STORE IN MUMBAI

Source text: ID:nBSE20FWFP

Further company coverage: TITN.NS

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Nov 3 (Reuters) - Titan Company Ltd TITN.NS:

• Q2 CONSOL NET PROFIT 11.20 BILLION RUPEES; IBES EST. 10.28 BILLION RUPEES

• Q2 CONSOL SALE OF PRODUCTS 164.61 BILLION RUPEES

• APPOINTS AJOY CHAWLA AS MANAGING DIRECTOR FROM JAN 2026

Source text: [ID:]

Further company coverage: TITN.NS

((Reuters.Briefs@thomsonreuters.com;;))

** Shares of jeweller Titan Company TITN.NS rise 3.6% to 3,536 rupees; Nifty 50 .NSEI marginally down

** Co posted 18% rise in Q2 domestic sales

** Rev growth "significantly" ahead of estimates - Investec

** Early festive season, attractive offers drove healthy growth - J.P.Morgan

** Brokerages expect margins to stay under pressured on high marketing spends

** CLSA remains "positive" on TITN over medium term

** Stock rated "buy" on avg by 35 analysts covering it; median PT at 3,965 rupees - data compiled by LSEG

** YTD, TITN up nearly 9% vs Nifty 50's 6.2% rise

(Reporting by Komal Salecha)

((Komal@thomsonreuters.com;))

Adds graphic

Oct 7 (Reuters) - India's Titan Company TITN.NS reported an 18% rise in domestic sales in the second quarter on Tuesday, slower than the 25% it registered during the same period last year, as soaring gold prices stunted demand for higher carat jewellery.

The jewellery business, which contributes close to 90% of overall revenue, grew 19% year-on-year, the Bengaluru-based company said in its business update for the quarter ended September 30.

Spot gold prices XAU= rose 16.4% in the quarter as investors fled to the safe-haven commodity amid global economic volatility.

Higher gold prices have led to a "marginal year-on-year decline" in buyer count, the company said, even as ticket prices rose as fewer customers bought more expensive items.

Studded jewellery in Titan's Tanishq, Mia and Zoya portfolio collectively grew in the mid-teens, outpacing growth in plain gold jewellery, the company said.

Investment-grade gold coins continued their strong run for the quarter, the company said, as Indians chose to invest in the bullion as a store of value. However, since coins yield lower profit margins than jewellery, the shift has constrained overall margin growth in recent quarters.

The company's watches business, second-largest by revenue, clocked sales growth of 12%. The analog segment grew by 17%.

The international business grew 86% year-on-year, led by Tanishq more than doubling its business in the United States, the company added.

(Reporting by Ananta Agarwal and Urvi Dugar in Bengaluru; Editing by Harikrishnan Nair)

((Ananta.agarwal@thomsonreuters.com;))

By Rajendra Jadhav and Brijesh Patel

NEW DELHI, Sept 15 (Reuters) - Gold demand in India this festive season is expected to be weaker than last year, as record-high prices are likely to curb jewellery purchases, outweighing modest gains in investment demand.

Weaker demand in the world's second-largest gold consumer could limit a rally in global prices XAU=, which hit a record high last week. But sluggish demand for gold imports could limit India's trade deficit and support the rupee.

Local gold prices MAUc1, which scaled a record peak of 109,840 rupees per 10 grams last week, have risen 42% year-to-date, after gaining 21% in 2024.

"Consumers have a fixed budget, and it's not keeping up with rising prices. We're expecting demand to fall by about 10%-15% in volume," Amit Modak, chief executive of PN Gadgil and Sons, said on the sidelines of the India Gold Conference in New Delhi.

Indians will celebrate Dussehra and Diwali in October, festivals during which buying gold is considered auspicious.

The December quarter typically accounts for about a third of India's gold sales, as it coincides with the start of the wedding season and festivals.

Gold demand in the December quarter last year stood at 265.8 metric tons, boosted by a price correction just ahead of the festive season after New Delhi slashed import duties on the metal to 6% from 15% in a bid to tackle smuggling.

Consumer sentiment has improved in the last few weeks despite rising prices, and in value terms, demand will still be much higher even if volumes decline, said Sachin Jain, CEO of the World Gold Council's Indian operations.

Besides, investment demand, especially through exchange-traded funds (ETFs), has been rising as gold has been delivering better returns than competing asset classes, Jain added.

Retail gold buying could get a boost from the government's move to cut goods and services tax (GST) on consumer items, as this will leave people with more disposable income, Harshad Ajmera of wholesaler JJ Gold House in Kolkata.

Earlier this month, India announced tax cuts on hundreds of consumer items ranging from soaps to small cars to spur domestic demand.

(Reporting by Rajendra Jadhav and Brijesh Patel; Editing by Sumana Nandy)

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Aug 25 (Reuters) - Titan Company Ltd TITN.NS:

• TITAN CO - APPROVED APPOINTMENT OF PUNEET CHHATWAL AS ADDITIONAL DIRECTOR ON BOARD

Source text: ID:nnAZN4ESQ80

Further company coverage: TITN.NS

((reuters.briefs@thomsonreuters.com;))

** Indian jeweller and watchmaker Titan Company TITN.NS posts 52.5% y/y jump in Q1 profit, benefiting from higher gold prices; revenue up 21%

** At least seven analysts raise PT; median PT at 3,888 rupees vs 3,876 rupees a month ago

** TITN trading flat at 3,437 rupees

JEWELLERY GROWTH MODERATION AMID GOLD'S SURGE

** Emkay ("Reduce"; PT at 3,350 rupees) says jewellery growth may soften in FY26 amid soaring gold prices, intense competition, high base

** Ambit ("Sell"; raises PT to 3,357 rupees from 3,219 rupees) sees high base, gold price inflation curbing growth for rest of FY26

** Antique ("Buy"; raises PT to 4,615 rupees from 4,195 rupees) optimistic about co's medium-to-long term, citing market share gains from brand strength, execution, store expansion

** AMSEC Research ("Buy"; PT: 4,285 rupees - 25% upside) says focus on premiumisation, channel expansion, brand investments to help compound value at double-digit rates in long-term

(Reporting by Yagnoseni Das in Bengaluru)

((Yagnoseni.Das@thomsonreuters.com;))

** Indian jewelry and watchmaker Titan Company TITN.NS trading 0.5% lower at 3399.60 rupees in a weak broader market after the U.S. hiked tariffs on India to 50% .BO

** Four analysts expect the company to report a nearly 30% rise in consolidated profit after tax as high gold prices raise average ticket values

** Titan's domestic revenue rose 19% y/y in Q1, the company said in a business update

** Its jewelry business, which contributes almost 90% to the topline, grew 18% y/y but missed analysts' expectations, as consumers traded down to cheaper, lower carat jewelry amid higher prices

** Brokerage Emkay flags a weaker revenue mix, with higher growth in low-margin investment-grade coins and lower growth in high-margin studded and plain-gold jewelry amid higher gold prices

(Reporting by Ananta Agarwal in Bengaluru)

((Ananta.Agarwal@thomsonreuters.com))

Adds IPO launch date in paragraph 4, details on issue of specified securities in paragraph 6

Aug 5 (Reuters) - India's Bluestone Jewellery and Lifestyle BLUT.NS has trimmed the size of its initial public offering, a prospectus showed on Tuesday.

The Accel India-backed company will now issue fresh shares worth 8.2 billion rupees (about $93 million), down from 10 billion rupees earlier.

Its existing shareholders, including venture capital firms Accel India and Kalaari Capital, will now sell 13.9 million shares in the offering, lower than the 24 million shares proposed earlier.

Bluestone will launch the IPO on August 11 and close bids on August 13. Anchor investors will bid for the share sale on August 8.

The jeweller was seeking a valuation of at least 120 billion rupees ($1.37 billion) in the IPO, Reuters reported in December, citing sources. The overall IPO size was slated to be around 30 billion rupees, the sources had said.

The company may consider issuing specified securities, in consolidation with bookrunning lead managers, aggregating up to 2 billion rupees in pre-IPO placement, its draft prospectus from December said.

The company, which sells diamond, gold, platinum and studded jewellery, competes with Titan TITN.NS, Kalyan Jewellers KALN.NS and Tribhovandas Bhimji Zaveri TBZL.NS among listed firms in India.

Proceeds from the offering will be used to fund working capital requirements and general corporate purposes, the Bluestone prospectus showed.

Axis Capital, IIFL Capital and Kotak Mahindra Capital are its bookrunning lead managers.

($1 = 87.7790 Indian rupees)

(Reporting by Manvi Pant; Editing by Shailesh Kuber)

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** India's Titan Company TITN.NS will acquire 67% stake in Dubai-based Damas from Qatar's Mannai Corporation MCCS.QA

** Deal at enterprise value of 1.04 billion UAE dirham ($283 million)

** TITN 0.4% higher vs Nifty 50's .NSEI 0.1% climb

** JP Morgan says TITN "eyeing wider overseas footprint"

** Given TITN's track record of CaratLane acquisition and scaling it, investors may see this deal as a positive - Citi

** Deal to give TITN, which has about seven stores in UAE, access to Damas' 146 stores across GCC

** Acquisition will help expansion, targetting nationalities and ethnicities other than Indian diaspora - Morgan Stanley

** Avg rating of 30 analysts at "buy"; median PT is 3,876 rupees - data compiled by LSEG

** TITN extends YTD gains to 6%

($1 = 3.6721 UAE dirham)

(Reporting by Kashish Tandon in Bengaluru)

((Kashish.tandon@thomsonreuters.com))

Corrects paragraph 1 and headline to say Titan is buying Damas stake at "enterprise value of $283 million", not "for $283 million"

July 21 (Reuters) - Indian jeweller Titan Company TITN.NS said on Monday it would acquire a 67% stake in Dubai-based luxury jewellery retailer Damas at an enterprise value of 1.04 billion UAE dirham ($283.2 million), as it expands its presence in the Middle East.

($1 = 3.6727 UAE dirham)

(Reporting by Nandan Mandayam in Bengaluru; Editing by Mrigank Dhaniwala)

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** Shares of Titan Company Ltd TITN.NS fall as much as 5% to 3,483.2 rupees

** Jewellery maker's domestic sales rose 19% in Q1 led by higher gold prices, up from 9.3% growth a year ago

** Morgan Stanley says big miss on jewellery growth, as they estimated 28% growth y/y for Q1; gold price volatility led to softening consumer purchases between May, mid-June

** CLSA says domestic ops saw flattish buyer growth and double digit ticket size growth; growth below expectations especially in context of more wedding dates y/y

** Macquarie says jewellery growth continues to lag peers

** Mean rating of stock is 'buy'; their median PT is 3,830 rupees - data compiled by LSEG

** TITN last down 4.5%, stock biggest intra-day pct loser on the Nifty 50 index .NSEI

(Reporting by Meenakshi Maidas in Bengaluru)

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July 7 (Reuters) - Jewellery and watchmaker Titan Company TITN.NS said in a business update on Monday that its domestic business sales grew by 19% in the first quarter of fiscal 2026.

(Reporting by Ananta Agarwal in Bengaluru; Editing by Sonia Cheema)

((Ananta.agarwal@thomsonreuters.com;))

June 27 (Reuters) - Titan Company Ltd TITN.NS:

• TITAN CO - REMAINS CONFIDENT IN LONG-TERM GROWTH TRAJECTORY OF BUSINESSES FOR FY 2025-26

• TITAN CO - GLOBAL MACROECONOMIC UNCERTAINTIES AND GEOPOLITICAL TENSIONS MAY PERSIST FOR FY 2025-26

Source text: ID:nBSE24LGFy

Further company coverage: TITN.NS

((reuters.briefs@thomsonreuters.com;))

By Praveen Paramasivam

June 9 (Reuters) - Titan Company's TITN.NS CaratLane aims to surpass last financial year's revenue growth, as younger Indians warm up to lower-carat jewellery and the brand plans to open more stores, its top boss told Reuters.

Brands selling lower-carat jewellery, including CaratLane and Kalyan Jewellers' KALN.NS Candere, are rapidly expanding as younger Indians increasingly buy such pieces for adornment in a country that traditionally views jewellery as an investment.

Around Valentine's Day this year, CaratLane launched 9-carat jewellery in a country that mainly buys 22-carat gold.

Candere plans to open 80 stores in India in the year that started April 1, matching the number of higher-priced Kalyan locations planned for the same period, while larger-sized CaratLane aims to open more than 40 outlets, mostly in smaller cities.

As of end-March, CaratLane had 322 stores, making it the second-largest jewellery brand by store count within the Tata Group. The brand contributes about 6% to Titan's overall revenue.

"Overall growth (in fiscal 2026) ... will be no less than what we have done last year," CaratLane Managing Director Saumen Bhaumik said in an interview after market hours on Friday.

In the year ended March 31, CaratLane's topline jumped 24% to 35.83 billion rupees ($418.96 million), with earnings before interest and taxes at 2.96 billion rupees, helping the brand record its best year.

Profit for the nascent financial year "is going to be significantly better", Bhaumik said.

In recent months, while soaring gold prices have led many Indians to opt for lightweight, lower-carat jewellery to stay within budget, Bhaumik said CaratLane's average bill value has still inched up by a tenth, aided by new launches.

CaratLane plans to open a second U.S. store in Dallas by the festival of Deepavali this year and two Dubai outlets within eight months.

($1 = 85.5210 Indian rupees)

(Reporting by Praveen Paramasivam in Chennai; Editing by Rashmi Aich)

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May 9 (Reuters) - ** Indian watchmaker and jeweler Titan TITN.NS posted higher fourth-quarter profit on Thursday, led by strong demand for premium jewellery and gold coins

** Stock jumped 4.1% to 3,507 rupees and was top gainer on benchmark Nifty 50 .NSEI which was trading 0.9% lower

A GOOD OUTCOME

** Jefferies ("hold", PT: 3,340.30 rupees) called TITN's results a "good outcome," adding that buyer growth was strong for products in the higher price band

** Goldman Sachs ("buy", PT: 4,100 rupees) says TITN is responding to consumer behavior in the face of steep gold inflation

** Macquarie ("outperform", PT: 4,000 rupees) says TITN's 11.9% margin delivery in jewelry business is an "affirmation" of its ability to balance headwinds in the segment

** Brokerage adds that it liked TITN's increased confidence on sales of studded jewelry which were buoyed by growth in number of buyers

(Reporting by Kashish Tandon in Bengaluru)

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Updates with details throughout

May 8 (Reuters) - Indian jeweller and watchmaker Titan TITN.NS said on Thursday that Managing Director and CEO C. K. Venkataraman will retire at year-end, after more than 30 years with the company, and be succeeded by the head of the jewellery division, Ajoy Chawla.

Venkataraman joined the company in 1990 and rose to the top in 2019, the same year Chawla was appointed CEO of the jewellery division.

Under Chawla's leadership, the jewellery division, which includes 'Tanishq' and 'Mia' brands, has grown 2.5 times in sales and profits, the release added.

Chawla's three-decade career at Titan, as per his LinkedIn, has included roles in commercial, sales, retailing and supply chain, Titan said.

Meanwhile, Titan's jewellery segment, which constitutes the bulk of overall revenue, saw a 25% sales increase in the fourth quarter, driven by demand for higher-priced jewellery and investment-grade gold coins.

Its consolidated revenue for the quarter grew 22.5%, while its net profit rose nearly 13%, it reported on Thursday.

Chawla will take the top post on January 1, 2026, while Titan said it would decide on his replacement at a later date.

(Reporting by Ananta Agarwal in Bengaluru; Editing by Savio D'Souza and Vijay Kishore)

((Ananta.agarwal@thomsonreuters.com;))

By Rajendra Jadhav

MUMBAI, April 30 (Reuters) - Gold demand remained lower than normal on Wednesday during an Indian festival when buying gold is considered auspicious as the rally in prices to a record high prompted retail consumers to reduce purchases.

Indians were celebrating Akshaya Tritiya, the second-biggest gold-buying festival after Dhanteras.

"Footfalls in jewellery stores improved from evening but still in volume terms demand was around 15% lower than normal," Surendra Mehta, secretary at the India Bullion and Jewellers Association (IBJA).

Big retail chains, which were offering discounts on jewellery making charges, were doing comparatively better business than single-store retailers, as near-record high prices stretched consumers' budgets, Mehta said.

Domestic gold prices MAUc1 hit a record high of 99,358 rupees per 10 grams this month and were around 95,000 rupees on Wednesday, nearly 30% higher since the last Akshaya Tritiya festival.

Despite record-high gold prices, positive consumer sentiment persists, with many exchanging old jewellery for new to manage budgets for festivals and weddings, said Saurabh Gadgil, chairman of PNG Jewellers PNGD.NS.

Indian dealers on Wednesday offered a discount XAU-IN-PREM up to $20 an ounce over official domestic prices, inclusive of 6% import and 3% sales levies.

Gold demand during Akshaya Tritiya was likely lower in volume but could be the same or slightly higher in value, said Sachin Jain, CEO of the World Gold Council's Indian operations.

Big and small retailers were offering discounts on jewellery making charges to lure retail buyers. However, many still preferred to buy coins and bars for investment purposes, said a Hyderabad-based jeweller.

"Demand was lower than usual, but still better than what the industry expected. Even with record-high prices, retail buying didn't take a big hit," said IBJA's Mehta.

(Reporting by Rajendra Jadhav, editing by Ed Osmond)

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April 8 (Reuters) - Shares of Indian jeweller and watchmaker Titan Company TITN.NS rose about 5% on Tuesday, set for their best day since July 2024, after the company said it expects a 25% rise in its fourth-quarter standalone revenue.

The revenue growth, higher than the same period a year ago, was propelled by a record rally in gold prices, as investors fled to safety amid high geopolitical tensions and escalating economic uncertainty due to U.S. tariff policy.

The company's jewellery business accounts for a majority of the overall revenue. The rise in revenues in the January-to-March quarter was led by "high double-digit growth" in higher price band jewellery, said the company.

Higher gold prices did not deter affluent Indians from splurging on ornaments for weddings and accumulating gold as a form of investment.

The shares rose to 3,185.75 rupees in Mumbai as of 9:30 a.m. IST. The benchmark Nifty 50 index .NSEI was up 1.7%.

Analysts rate Titan 'buy' on average, according to data compiled by LSEG, similar to peers.

(Reporting by Ananta Agarwal in Bengaluru; Editing by Mrigank Dhaniwala)

((Ananta.agarwal@thomsonreuters.com;))

April 7 (Reuters) - Titan Company Ltd TITN.NS:

• REGISTERS 25% YOY GROWTH FOR Q4 FY25

Source text: ID:nBSE2WJDnR

Further company coverage: TITN.NS

((Reuters.Briefs@thomsonreuters.com;))

** Brokerage Macquarie calls Titan TITN.NS its preferred pick in Indian consumer space

** TITN down 1.7% on the day amid weak broader markets .BO

** U.S. President Donald Trump's tariff plans have spurred demand for physical gold in U.S. and have resulted in higher gold lease costs - Macquarie

** TITN to have a competitive edge as gold lease costs lower for co vs smaller rivals, says Macquarie

** Adds, brokerage "gains comfort" in TITN's willingness to enter the lab-grown diamonds space once adoption picks up

** Avg rating on TITN at "buy", median PT at 3,854.50 rupees - data compiled by LSEG

** Stock down 7% YTD vs benchmark Nifty 50's .NSEI 6.7% decline

(Reporting by Kashish Tandon in Bengaluru)

((Kashish.tandon@thomsonreuters.com))