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Pankaj pawar

4th Jun · SEBI-Registered Analyst

$TITAN

Titan Company Limited shared its investor outlook, highlighting growth plans across Jewellery, Watches, Eyecare, and International businesses. 𝗞𝗲𝘆 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀: • Titan targets 2x consolidated revenue growth by FY30 with ~20% India market share ambition and ~20% revenue CAGR during FY26–FY30. Jewellery business is expected to deliver ~11% CAGR growth. 𝗝𝗲𝘄𝗲𝗹𝗹𝗲𝗿𝘆: ▸ Tanishq will focus on premiumization, customer acquisition, sales growth, and international expansion with planned stores across North America & GCC markets. The company also plans to leverage the Damas acquisition for Middle East growth. ▸ Mia targets ₹2,000+ Cr by FY26 through Gen Z-focused collections and retail expansion. ▸ Zoya aims to strengthen its luxury positioning through exclusive designs and premium experiences. ▸ CaratLane plans ₹2,300 Cr revenue by FY30 with omni-channel integration and expansion to 378 stores. ▸ Damas is expected to witness a turnaround through Saudi expansion and refreshed product offerings, targeting 2x growth by CY29. 𝗪𝗮𝘁𝗰𝗵𝗲𝘀: Titan plans to strengthen buyer growth, premium offerings, women-focused products, and licensed brands while expanding Titan World and Helios Luxe formats. 𝗘𝘆𝗲𝗖𝗮𝗿𝗲: Titan Eye+ targets ₹3,500 Cr UCP by FY30 through innovation, network expansion, and omni-channel presence. 𝗠𝗮𝗻𝘂𝗳𝗮𝗰𝘁𝘂𝗿𝗶𝗻𝗴 & 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹𝘀: Titan continues strengthening supply chain resilience and manufacturing capabilities. The company delivered 3-year revenue CAGR of 25% and EBIT CAGR of 21%, supported by improving margins and strong cash generation. 𝗢𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝗶𝗲𝘀 & 𝗥𝗶𝘀𝗸𝘀: Key opportunities include premiumization, rising disposable income, and international expansion, while risks include gold price volatility, competition, regulatory changes, and geopolitical uncertainties.

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