MUMBAI: A brilliant ambition is taking shape on Titan. The Tata Group company is polishing its growth plans with an audacious target: to double the revenue of its jewelery business by FY30 and claim a bigger share of India’s brilliant jewelery market. At an analyst meeting on June 4, Titan revealed a roadmap focused on its crown jewel, the jewelry business. The company is targeting a compound annual growth rate of 20 percent through FY30, with plans to increase its market share to 11 percent from 8.5 percent currently.
To support that ambition, Titan is preparing for a major retail expansion. The company aims to grow its jewelery network from around 800 current outlets to 1,400 by FY30, deepening its presence across India and strengthening access to its portfolio of brands.
The confidence stems from a strong performance in FY26. During the March quarter, Titan’s jewelery business generated sales of approximately Rs 18,195 crore, excluding digital gold and bullion sales. Demand received a boost from the company’s “Diamond Festival” campaign, which ran across brands such as 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 presence in the Gulf region and adds fresh impetus to its international ambitions.
The company had reported a mixed set of fourth-quarter results in May. Consolidated revenue rose 77.6 percent year-on-year to Rs 23,934 crore, comfortably above analyst estimates of Rs 20,150 crore. Net profit rose 29.2 percent to Rs 1,124 million from Rs 870 million a year earlier, although it missed market expectations of Rs 1,330 million.
CEO Ajoy Chawla described FY26 as a “landmark year” for Titan, noting that the company added nearly Rs 25,000 crore in annual revenue in a single year after surpassing the revenue milestone of Rs 50,000 crore in FY25.
Investors seemed to like what they heard. Following the analyst presentation, Titan shares rose as much as 3 per cent during the trading session on Thursday, hitting an intraday high of Rs 4,235 on the NSE.
For Titan, the next four years won’t just be about selling more jewelry. It is about turning scale into brilliance and transforming an already dominant business into an even bigger force in India’s rapidly evolving jewelery market.