Titan plots FY30 doubling on premiumisation, Gulf push via Damas, 1,400-store Tanishq footprint
Titan aims to double FY26 revenue (₹76,078 cr) and operating profit by FY30, anchored by Tanishq scaling to ~1,400 stores for 11% market share, Damas (67% stake, $283M) leading Gulf expansion, and Eye+ targeting ₹3,500 cr. Stock closed +3.7% at ₹4,238.80.
What happened
Titan targets doubling revenue and operating profit by FY30 via premiumisation and global expansion. Jewellery (Tanishq, Mia, Zoya) leads with 1,400 stores
Key facts
- FY26 revenue ₹76,078 cr (+32.7%)
- FY26 net profit ₹5,073 cr (+52%)
- target: double revenue & operating profit by FY30
- ~1,400 jewellery stores planned
- 11% jewellery market share target
- Damas stake 67% for $283M (Jul 2025)
- Titan Eye+ ₹3,500 cr by FY30 vs ₹1,452 cr FY26
- shares closed +3.7% at ₹4,238.80
Why this matters
The 67% Damas stake at $283M sets Titan's template for inorganic Gulf entry, and Eye+ scaling to ₹3,500 cr signals appetite for further bolt-ons in adjacent lifestyle categories.