New Delhi, Feb. 12 -- Titan Co. Ltd's latest numbers reflect the shimmer that the steep rise in gold prices brings in. Its domestic jewellery (Tanishq, Mia, and Zoya) revenue, excluding bullion sales, increased a whopping 40% year-on-year to Rs. 19,921 crore for the three months ended December (Q3FY26)-a multi-quarter high growth. The average gold price for the quarter is up about 65% from a year ago.

The sharp growth has increased the segment's dominance for Titan in Q3, with jewellery forming around 90% of the company's total revenue. Plain gold revenue increased 37% on-year on the back of wedding purchases and gold coins, while studded products rose 26% led by high-value segment purchases in Tanishq, store expansions in Mia and growth...