Titan targets 2x jewellery revenue by FY30, eyes 11% India share and Gulf push via Damas
Titan plans to double jewellery revenue at 20% CAGR by FY30, lifting India market share to 11% from 8.5% and scaling its store network to 1,400 from 800. A 67% stake in Damas anchors Gulf expansion, while Q4 jewellery sales hit ₹18,195 cr within ₹23,934 cr group revenue (+77.6% YoY).
What happened
Titan targets doubling jewellery revenue by FY30 at 20% CAGR, expanding India market share to 11% from 8.5% and store count to 1,400 from 800, while extending
Key facts
- 2x revenue by FY30
- 20% CAGR
- 11% market share target
- 8.5% current share
- 1,400 stores by FY30
- 800 stores currently
- ₹18,195 cr Q4 jewellery sales
- 67% stake in Damas
- ₹23,934 cr Q4 revenue
- 77.6% YoY
- ₹1,124 cr net profit
Why this matters
The 67% Damas stake signals Titan's appetite for inorganic Gulf consolidation, opening adjacent M&A angles in GCC jewellery retail and diaspora-focused brands.