Titan Maps FY30 Roadmap: Double Jewelry Revenue, Tanishq Share to 11%, ~1,400 Stores

Best-ever Q4 jewelry print with 8% buyer growth and international business swinging profitable (+174% YoY revenue). Titan targets FY30 EBIT of Rs 14,000-16,000 crore, lifts Tanishq share from 8.5% to 11%, and rides organised penetration moving from 40% to 45%.

— Source publishedWed, 24 Jun, 2026, 10:24 IST·First seen Wed, 24 Jun, 2026, 11:36 IST·Source NDTV Profit

What happened

Titan posts best-ever Q4 jewelry performance with 8% buyer growth and international business turning profitable. Company commits to FY30 roadmap doubling

Key facts

  • Market cap Rs 3.8 lakh crore
  • PE 77x
  • FY26 jewelry EBIT Rs 7,209 crore +47% YoY
  • Q4 international revenue +174% YoY
  • 8% buyer growth
  • Tanishq share 8.5% to 11% by FY30
  • ~1,400 stores target
  • organised share 40% to 45% by FY30
  • EBIT projection Rs 14,000-16,000 crore by FY30

Why this matters

Organised retail penetration moving 40%→45% plus Tanishq's share climb to 11% signals consolidation tailwinds—watch for regional jeweler tuck-ins and international platform M&A.