Titan targets 2x consolidated revenue growth by FY30
Titan Company Limited has set a target to double its consolidated revenue to ₹76,078 crore by FY30, supported by a 25% revenue CAGR over the past three years. The strategy focuses on 2x growth in jewellery and watches, 2.5x growth in eyecare to ₹3,500 crore, and 3.4x growth in emerging businesses. International operations, including Damas, are targeted for a 2.5x expansion, backed by supply chain investments and design-led innovation.
*this image is generated using AI for illustrative purposes only.
Titan Company Limited has outlined an ambitious roadmap to double its consolidated revenue to ₹76,078 crore by FY30, driven by a 2x growth in its core jewellery division and significant expansion in eyecare and watches. The company presented these medium-term targets at its Institutional Investors & Analyst Meet 2026, highlighting a strategic focus on premiumisation, retail expansion, and design-led growth across all business verticals.
Consolidated FY30 Ambition
The company targets a 2x increase in consolidated revenue and EBIT by FY30 compared to FY26 levels. This growth trajectory is supported by a robust performance over the last three years, where the company recorded a 25% CAGR in revenue and a 21% CAGR in EBIT, alongside a return on equity (RoE) expansion from 31% to 37%.
| Division | FY26 Revenue (₹ Cr) | FY30 Ambition (X) |
|---|---|---|
| Jewellery (Domestic) | 64,345 | 2.0x |
| Watches | 5,105 | 2.1x |
| EyeCare | 898 | 2.2x |
| Emerging Business | 508 | 3.4x |
| International Business | 2,734 | 2.5x |
| TCL Consolidated | 76,078 | 2.0x |
Jewellery and Watches Strategy
The jewellery division, encompassing Tanishq, Mia, Zoya, and CaratLane, remains the primary growth engine. Tanishq, Mia, and Zoya aim for a 2x revenue growth, while CaratLane targets a more aggressive 2.3x increase. The division's strategy focuses on strengthening cultural and regional connections, driving premiumisation through high-value studded jewellery, and accelerating diamond adoption. The watches division plans to defend its position in the mass market while scaling up in the premium and luxury segments, leveraging new product launches like the Stellar 3 and the Ultralim Mechanical.
Eyecare and Emerging Businesses
Titan EyeCare has set a target to scale its business to ₹3,500 crore by FY30, representing a 2.5x growth from its FY26 base of ₹1,452 crore. This ambition will be fueled by a cluster-led expansion in top 50 cities, the introduction of premium formats, and product innovation including smart eyewear. The emerging businesses, which currently include Fastrack and other wearables, are targeting a 3.4x revenue jump, reflecting the company's push into new growth platforms beyond hardware.
International and Operational Excellence
On the international front, the company aims for a 2.5x growth, with specific targets for its Middle East operations and the Damas franchise. To support this broad-based expansion, Titan is investing in supply chain resilience and manufacturing capabilities, including a new facility in Hosur. The company continues to prioritise design as a strategic differentiator to maintain relevance and desirability in a competitive marketplace.
Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE280A01028/12babe419b914b01.pdf
Historical Stock Returns for Titan
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.69% | +2.96% | -2.36% | +12.10% | +21.73% | +153.66% |
How will Titan manage capital allocation to balance aggressive retail expansion with the need to maintain high return on equity?
What specific risks does the company foresee in sustaining a 25% revenue CAGR amidst potential economic slowdowns or fluctuating gold prices?
How will the shift towards premiumisation impact the company's volume growth versus value growth dynamics in the mass market segments?
Create Custom Screeners 
Access 200+ Pre-built Filters 
Use 50+ Readymade Screener 
