Titan targets doubling jewellery revenue by FY30, plans 1,400-store network expansion

Titan plans to expand its jewellery retail network to 1,400 stores by FY30 and increase market share to 11%, while Managing Director Ajoy Chawla described FY26 as a landmark year for the company. Titan Company has outlined an aggressive growth strategy for its jewellery business, setting a target to double revenue by FY30 compared with FY26 levels. At an analyst meet on June 4, the Tata Group company said it aims to achieve a 20% compound annual growth rate in its jewellery business through FY30. The company also plans to increase its share of the Indian jewellery market to 11%, up from the current 8.5%.

As part of its expansion plans, Titan intends to grow its jewellery retail network to 1,400 stores by FY30, up from around 800 currently. The company’s growth ambitions come after a strong performance from its core jewellery business. During the March quarter, Titan’s jewellery portfolio generated sales of about ₹18,195 crore, excluding bullion and digi-gold sales. According to the company, demand was supported by its “Festival of Diamonds” campaign, which was rolled out across brands including Tanishq, Mia, Zaya, CaratLane, beYon and Damas.

Titan also expanded its international jewellery presence during the quarter by acquiring a 67% stake in Damas Jewellery. The company said the acquisition strengthens its presence in the Gulf region and supports its global growth plans. The company had reported mixed fourth-quarter earnings in May. Consolidated revenue from operations rose 77.6% year-on-year to ₹23,934 crore for the quarter ended March 2026, exceeding analyst estimates of ₹20,150 crore. Consolidated net profit increased 29.2% to ₹1,124 crore from ₹870 crore a year earlier, but fell short of the CNBC-TV18 poll estimate of ₹1,330 crore.

Managing Director Ajoy Chawla described FY26 as a “landmark year” for Titan, noting that the company added nearly ₹25,000 crore in annual revenue within a year after crossing the ₹50,000 crore revenue mark in FY25. Following the analyst meet, Titan shares gained as much as 3% during Thursday’s session, touching an intraday high of ₹4,235 on the NSE.