Titan aims to double jewellery revenue by FY30, eyes 11% market share

Titan Company

has laid out an ambitious growth roadmap for its jewellery business, targeting a doubling of revenue by FY30 from FY26 levels, alongside a significant expansion in market share and retail footprint.

Speaking at an analyst meet on June 4, the Tata Group company said it aims to grow jewellery business revenue at a compound annual growth rate (CAGR) of 20% through FY30. The company is also targeting an increase in its India jewellery market share to 11% from the current 8.5%.

As part of the expansion plan, Titan expects to increase its jewellery store network to 1,400 outlets by FY30, up from around 800 stores currently.

The targets come after a strong year for the company’s core jewellery business. Titan said its jewellery portfolio recorded sales of around ₹18,195 crore during the March quarter, excluding bullion and digi-gold sales, reflecting resilient consumer demand across categories.

The company attributed part of the momentum to its “Festival of Diamonds” campaign, which was rolled out across brands including Tanishq, Mia, Zaya, CaratLane, beYon and Damas.

Titan also strengthened its international presence during the quarter through the acquisition of a 67% stake in Damas Jewellery. The transaction marks a key step in the company’s strategy to expand its footprint in the Gulf region and build a larger global jewellery business.

Titan reported a mixed set of fourth-quarter earnings in May, with revenue growth exceeding market expectations while profitability lagged estimates.

For the quarter ended March 2026, consolidated revenue from operations surged 77.6% year-on-year to ₹23,934 crore, well above analyst expectations of ₹20,150 crore, supported by robust demand in the jewellery segment. Consolidated net profit rose 29.2% to ₹1,124 crore from ₹870 crore a year earlier, though it missed the CNBC-TV18 poll estimate of ₹1,330 crore.

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

Following the analyst meet, investor sentiment remained positive. Shares of Titan Company climbed as much as 3% during Thursday’s trade to hit an intraday high of ₹4,235 on the NSE.