International News
Titan Sees 13% Profit Rise in Q4 on Premium Jewellery and Bullion Boom
Strong demand for high-end jewellery and gold coins offsets margin pressure from surging bullion prices; CEO succession announced for year-end.
Titan Company Ltd, the luxury retail arm of India’s Tata Group, reported a 13% increase in consolidated net profit for the quarter ended March 31, 2025, supported by sustained consumer demand for premium jewellery and a sharp uptick in gold coin sales, even as gold prices soared to record levels.
The company posted a net profit of ₹8.71 billion (approximately $102 million), up from ₹7.71 billion in the same quarter last year. The growth came despite a nearly 17% jump in gold prices during the period, with 10 grams of 24-carat gold breaching ₹90,000 ($1,062).
Titan’s flagship jewellery division — encompassing brands like Tanishq and Mia — recorded a robust 25% year-on-year increase in sales, driven largely by affluent consumers continuing to invest in luxury jewellery and bullion. Gold coin sales surged 64%, as more buyers turned to physical gold as a hedge against market volatility.
While sales were strong, profitability slightly declined. Titan’s operating margin dipped to 11.9% from 12.1% a year ago, pressured by lower margins on bullion sales. CFO Ashok Sonthalia had earlier cautioned that elevated gold prices could make it difficult to achieve the company’s FY26 margin guidance of 11% to 11.5%.
The company’s watches segment, Titan’s second-largest revenue generator, also performed well, with revenue rising 20% to ₹12.16 billion. Growth was attributed to strong demand for its premium Raga, Sonata, and Fastrack collections.
In a key leadership announcement, Titan confirmed that Managing Director and CEO C.K. Venkataraman will retire by the end of 2025. He will be succeeded by Ajoy Chawla, the current head of Titan’s jewellery division.
DiamondBuzz
De Beers Group Launches “Heera Hai Aapke Liye” Program at IIJS Bharat Signature to Revolutionize Natural Diamond Accessibility in India
De Beers Group, the world’s leading diamond company, marked a significant milestone in the Indian jewellery landscape with the official launch of the “Heera Hai Aapke Liye” program at IIJS Signature. The star-studded event featured actress Sonakshi Sinha, who joined Shweta Harit, Global Senior Vice President of De Beers Group and CEO of Forevermark, to unveil an initiative dedicated to making natural diamonds an integral part of daily life for the modern Indian consumer.



The “Heera Hai Aapke Liye” (Diamonds are for You) program is strategically designed to promote natural diamonds by raising awareness, boosting market visibility,and creating a seamless connection between retailers and consumers. With a focus on modern designs and attractive price points, the program also lets local retailers use De Beers Group campaigns as their own—second-piercing earrings, ‘Bestie’ bracelets, and ‘Intention’ pendants. It positions diamonds as a lifestyle choice for self-expression and daily wear.

Speaking at the launch, Shweta Harit, Global Senior Vice President of De Beers Group and CEO of Forevermark, detailed the evolution of the brand’s storytelling, stating, “De Beers Group has a rich legacy of creating iconic ritual campaigns that have shaped how the world perceives diamonds. With ‘Heera Hai Aapke Liye,’ program we are evolving that narrative for the Indian market to another level.
We are not just selling jewellery, we are making natural diamonds more accessible and desirable in India. Our goal is to empower retailers through INDRA (Indian Natural Diamond Retailer Alliance) to ensure that every ‘First Diamond’ journey is as credible as it is beautiful.”

Speaking on the occasion, Kirit Bhansali, Chairman, Gem & Jewellery Export Promotion Council (GJEPC), said, “IIJS has always been a powerful platform for shaping the future of India’s gem and jewellery industry, and the launch of ‘Heera Hai Aapke Liye’ at IIJS Signature reinforces that role. GJEPC is proud to partner with De Beers Group on the INDRA (Indian Natural Diamond Retailer Alliance) project, which is a critical step towards strengthening domestic demand for natural diamonds.
By empowering retailers, enhancing consumer confidence, and expanding access across metros and Tier 2 markets, this initiative aligns perfectly with our vision to grow the natural diamond category sustainably within India.”
The program ‘Heera Hai Aapke Liye’, rests on few strategic pillars aimed at industry growth and scalability:
- Stocking & New Consumer Opportunity: Identifying gold wholesalers and distributors across 15–20 cities to focus on a first-phase target of 500 retailers.
- Retailer Advantage: Providing a “Design Advantage” and strict “Product Hygiene,” backed by a clear buy-back policy and robust training and marketing support via the INDRA alliance.
- Heera Hai Aapke Liye is robust entry-level product kit featuring earrings, bangles, bracelets, etc supported by exclusive visual merchandising (VM) for display.
- Growth and Scalability: A PAN-India reach strategy designed to unlock new business opportunities for both manufacturers and retailers.


As India continues to grow as the world’s second-largest market for retail diamond jewellery, De Beers Group remains committed to strengthening the natural diamond narrative. By combining the emotional appeal of natural diamonds with the practical “Heera Hai Aapke Liye” framework, De Beers aims to build a sustainable future for the category across both metros and Tier 2 cities. De Beers and GJEPC aim to expand the base of Natural Diamond buyers, increase self-purchase consideration, and establish long-term credibility for the category.
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