Q1 updates: Titan domestic +37%, Trent revenue +19% to Rs 5,666 cr, Jubilant adds 76 Domino's stores
June 2026 quarter business updates show broad retail momentum. Titan's domestic business grew 37% YoY led by jewellery (+39%). Trent revenue rose 19% to Rs 5,666 crore, expanding to 1,312 stores with new Westside and 19 Zudio outlets. Jubilant FoodWorks posted Rs 2,569.3 crore revenue (+14.1%) as Domino's added 76 stores to 3,712 with LFL up 2.5%. VBL acquired a Kenya dairy beverages business for $32 million.
What happened
June 2026 quarter updates: Titan domestic business grew 37% led by jewellery; Trent revenue rose 19% to Rs 5,666 crore adding Westside/Zudio stores; Jubilant
Key facts
- Titan domestic +37% YoY
- Titan jewellery +39%
- Trent revenue Rs 5,666 crore +19% YoY
- Trent 1,312 stores, +1 Westside +19 Zudio
- Jubilant revenue Rs 2,569.3 crore +14.1%
- Domino's LFL +2.5%, +76 stores to 3,712
- VBL Kenya acquisition $32 million
Why this matters
VBL's $32M Kenya dairy beverages acquisition alongside peers' organic store-led expansion highlights divergent growth playbooks—track inorganic entry points in adjacent categories and geographies while rivals scale footprint.
What to watch
- Titan full Q1 EBIT margin and studded jewellery mix
- Trent SSSG breakdown (Westside vs Zudio) in detailed filing
- Jubilant Domino's LFL trajectory and delivery-mix commentary
- Gold price volatility affecting jewellery demand elasticity
- Festive season (Oct-Nov) pre-buying commentary from managements
- Rotate into Titan and Trent on confirmed demand strength; treat Jubilant as trade-not-hold given LFL softness
- Watch for gold price pass-through impact on Titan jewellery margins vs volume
- Monitor Zudio cannibalization and Westside SSSG in Trent's detailed results
- Track VBL Kenya acquisition integration as EM diversification signal