Titan's non-jewellery businesses, including watches and CaratLane, are approaching $1 billion in revenue, driven by premiumization and volume growth. While jewellery remains the dominant revenue contributor, accounting for approximately 90% of Titan's total income, the watches division saw a 17.2% year-on-year growth to Rs 4,576 crore in 2024-25. CaratLane reported Rs 3,583 crore in revenue, and the average price of watches sold has more than doubled in recent years, indicating a shift towards higher-value products.