Titan Company reports continued strong demand into July, with plans to expand its store network and double revenue by FY30, driven by a resilient jewellery segment and diversified product lines.
Titan Company said demand remained firm into July after a strong first quarter, with managing director Ajoy Chawla telling analysts the group was seeing “positivity” over the past four months and was still on course to meet the growth path set out at its Investor Day. He said the company could even outperform its own assumptions this year, although near-term results would still depend on external conditions.
The comments come after a June quarter in which Titan posted revenue growth of 40.3% to ₹20,787 crore and profit rose 62.87% to ₹1,777 crore. It was the third straight quarter in which the Tata Group company delivered more than 40% revenue growth, underscoring the scale of the recent upswing in its jewellery-led business.
Chawla reiterated that jewellery, which contributes about 90% of Titan’s topline, remains central to the group’s FY30 ambitions. Titan has previously mapped out a plan to double consolidated revenue and operating profit by FY30 versus FY26 levels, with jewellery expected to carry much of the load. Brokerages including Motilal Oswal and Nuvama have kept bullish ratings on the stock, citing room for growth across jewellery, CaratLane, watches, eyewear and international operations.
The company’s longer-term jewellery plan also hinges on wider distribution. Titan has said it wants to expand its store count from about 800 to 1,400 by the end of the decade and is targeting a 20% compound annual growth rate for the segment. Chawla said studded jewellery demand, which began improving in the final quarter of the previous fiscal year, continued into the June quarter, while buyer trends were uneven month to month as gold prices moved around.
Titan said April and June brought healthy footfall, while May was softer. Chawla linked that to gold-price volatility, saying stable prices usually encourage shoppers to return. To keep jewellery affordable as prices stay high, Titan is leaning on lighter designs, different caratages and exchange schemes. Beyond jewellery, the company said it sees room for growth in watches, eyecare, fragrances, bags and sarees, supported by formalisation, premiumisation and demand from middle-class consumers.
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