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
Lost Florentine Diamond Resurfaces in Canada After a Century, Tracing Its Glittering Origins to India’s Golconda Mines
Once a royal treasure of the Medici and Habsburg dynasties, the 137.27-carat gemstone reemerges in a Montreal vault, reaffirming India’s Golconda as the cradle of the world’s most storied diamonds.
The legendary Florentine Diamond — a 137.27-carat light yellow gemstone believed to have originated from India’s famed Golconda mines — has been rediscovered in a Canadian bank vault, ending over a hundred years of intrigue surrounding its disappearance.
According to recent reports, the diamond—once among Europe’s most celebrated royal jewels—was located in a vault in Montreal, safeguarded for decades by descendants of the Austrian imperial Habsburg family. The gemstone vanished after the fall of the Austro-Hungarian Empire in 1918, following Emperor Charles I’s exile, sparking decades of speculation over its fate — whether it was stolen, lost, or secretly sold.
Historians now confirm that Empress Zita, widow of Charles I, discreetly transferred the diamond to Canada during World War II for safekeeping. Its authenticity was recently verified by a European jewellery house that historically served the Habsburg court, confirming the gem’s provenance and preservation.
Renowned for its pale yellow hue and unique double-rose cut with 126 facets, the Florentine Diamond boasts a storied history — from its origins in India’s Golconda mines, to the Medici treasury in Florence, and later as part of the Austrian Crown Jewels in Vienna.
Its rediscovery has reignited global fascination with India’s gem legacy, which gave birth to other iconic diamonds like the Koh-i-Noor, Hope, and Nassak. Experts say the find underscores the importance of provenance and gem heritage in an increasingly globalised jewellery market.
The Habsburg family has announced plans to publicly exhibit the diamond in Canada next year, with potential displays in Europe to follow.
After more than a century of obscurity, the reemergence of the Florentine Diamond not only restores a lost royal masterpiece but also revives India’s enduring connection to the world’s most illustrious jewels.
Lost Florentine Diamond Resurfaces in Canada After a Century, Tracing Its Glittering Origins to India’s Golconda Mines
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