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Titan Eyes Two-Fold Revenue Boost Through Expansion and Diversification
5 Jun
Summary
- Titan aims to double consolidated revenue and profit by FY30.
- Jewellery remains the core growth engine, with international expansion planned.
- Watches, eyecare, and emerging businesses will contribute significantly to growth.
Titan Company Ltd. has unveiled a strategic roadmap to double its business by FY30, targeting a two-fold increase in consolidated revenue and operating profit compared to FY26 levels. The company reported a consolidated revenue of ₹76,078 crore and a net profit of ₹5,073 crore for FY26, marking significant year-on-year growth.
Jewellery will remain the primary driver of this expansion, with plans to enhance the presence of its Tanishq, Mia, and Zoya brands. Simultaneously, Titan is pursuing global expansion, aiming for a 2.5-fold revenue increase from its international Tanishq and Mia operations across the GCC, Singapore, and North America.
The company is also focusing on diversifying its portfolio. Its watches division targets a 2.1-fold revenue increase, while Titan Eye+ aims to scale revenue to approximately ₹3,500 crore by FY30. Emerging businesses, including fragrances and fashion accessories, are expected to be the fastest-growing segment.
These ambitious targets are set against a backdrop of surging gold prices and government measures to curb imports. However, Titan is banking on structural market shifts, premiumization, and strategic acquisitions, such as its stake in Damas Jewellery, to navigate volatility and achieve its growth objectives.
