Titan targets doubling jewellery revenue by FY30

MUMBAI: A glittering ambition is taking shape at Titan. The Tata Group company is polishing its growth plans with a bold target: double its jewellery business revenue by FY30 and claim a bigger slice of India’s sparkling jewellery market. At an analyst meet on 4 June, Titan unveiled a roadmap centred on its crown jewel, the jewellery business. The company is targeting a 20 per cent compound annual growth rate through FY30, with plans to increase its market share to 11 per cent from the current 8.5 per cent.

To support that ambition, Titan is preparing for a significant retail expansion. The company aims to grow its jewellery store network from around 800 outlets today to 1,400 by FY30, deepening its presence across India and strengthening access to its portfolio of brands.

The confidence comes on the back of a robust performance in FY26. During the March quarter, Titan’s jewellery business generated sales of approximately Rs 18,195 crore, excluding bullion and digi-gold sales. Demand received a boost from the company’s “Festival of Diamonds” campaign, which ran across brands including Tanishq, Mia, Zaya, CaratLane, beYon and Damas.

Titan is also looking beyond Indian shores. Earlier this year, it acquired a 67 per cent stake in Damas Jewellery, a move that expands its footprint in the Gulf region and adds fresh momentum to its international ambitions.

The company had reported a mixed set of fourth-quarter results in May. Consolidated revenue surged 77.6 per cent year-on-year to Rs 23,934 crore, comfortably ahead of analyst estimates of Rs 20,150 crore. Net profit rose 29.2 per cent to Rs 1,124 crore from Rs 870 crore a year earlier, although it fell short of market expectations of Rs 1,330 crore.

Managing Director Ajoy Chawla described FY26 as a “landmark year” for Titan, noting that the company added nearly Rs 25,000 crore in annual revenue within a single year after crossing the Rs 50,000 crore revenue milestone in FY25.

Investors appeared to like what they heard. Following the analyst presentation, Titan shares climbed as much as 3 per cent during Thursday’s trading session, touching an intraday high of Rs 4,235 on the NSE.

For Titan, the next four years are not just about selling more jewellery. They are about turning scale into sparkle and transforming an already dominant business into an even bigger force in India’s fast-evolving jewellery market.