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.
International News
Van Cleef & Arpels Gives Its Iconic Alhambra a Pink Enamel Makeover
The Maison Introduces Five New Alhambra Creations Featuring Translucent Pink Enamel and Yellow Gold
Van Cleef & Arpels has unveiled a vibrant new chapter for its iconic Alhambra collection, introducing translucent pink enamel to the signature four-leaf clover motif for the first time. The new creations combine the Maison’s emblem of luck with yellow gold, bringing a fresh, contemporary expression to the enduring design.
The new five-piece selection comprises a Vintage Alhambra pendant, five-motif bracelet, 10-motif necklace, 20-motif long necklace and Magic Alhambra two-motif earrings. The earrings additionally feature guilloché yellow gold, adding texture and contrast to the pink enamel.



The distinctive pink is the result of several years of research at Van Cleef & Arpels’ enamel workshops. Inspired by the historic 17th-century “gold-ruby” technique, the colour is created using fine particles of gold rather than traditional pigments. Carefully controlled particle size, shape and concentration produce the desired translucent hue.
Adding to its visual depth, the enamel contains tiny bubbles, giving each Alhambra motif a distinctive character while creating subtle variations as the surface catches and reflects light. The motifs are framed by the Maison’s signature gold beaded contours, further enhancing the interplay between the pink enamel and yellow gold.
Since its debut in 1968, Alhambra has continually evolved through different stones, materials and colours while retaining its instantly recognisable four-leaf clover silhouette. The introduction of enamel marks another significant step in that evolution, bringing together heritage craftsmanship, technical innovation and contemporary colour.
With its new pink interpretation, Van Cleef & Arpels continues to reinvent one of jewellery’s most recognisable motifs, demonstrating how traditional savoir-faire can give a familiar icon an entirely new expression.
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