Titan Company Limited , a prominent player in the Indian jewellery market, has taken a significant step towards international expansion by establishing a new step-down subsidiary in the United Arab Emirates (UAE). This strategic move is part of Titan's plan to acquire and manage Damas' jewellery business in Gulf Cooperation Council (GCC) countries.

Key Developments

• New Subsidiary: Signature Jewellery Holding Limited, UAE, has become a step-down subsidiary of Titan Company Limited through its wholly-owned arm, Titan Holdings International FZCO.
• Registration: The Dubai International Financial Centre (DIFC) registered the share transfer on October 9, 2025, with Titan receiving formal intimation on October 27, 2025.
• Purpose: Signature Jewellery will serve as the holding company for Damas' entire jewellery business in GCC countries.

Acquisition Details

Background and Implications

This development follows Titan's announcement in July 2025 regarding its agreement to acquire a majority stake in Damas' jewellery operations. The move signifies Titan's ambition to strengthen its presence in the GCC jewellery market.

Titan's expansion strategy through Signature Jewellery Holding Limited aligns with its goal to establish a strong foothold in international markets. This acquisition is expected to leverage Damas' established presence in the GCC region, potentially opening new avenues for growth and market penetration for Titan.

Market Response

As of the latest trading session, Titan shares were priced at ₹3,708.50 on the National Stock Exchange (NSE), showing a slight decline of ₹31.30 or 0.84%.

This strategic move by Titan Company Limited represents a significant step in its global expansion plans, particularly in the high-value jewellery markets of the GCC countries. As the transaction progresses towards its expected completion date, market observers will be keenly watching its impact on Titan's international operations and overall financial performance.

Titan Company , a prominent player in the Indian retail sector, has seen a significant development in its shareholding pattern alongside impressive quarterly results. Here's a breakdown of the key highlights:

Jhunjhunwala Family Increases Stake

Rekha Jhunjhunwala, a key investor, has strengthened her position in Titan Company:

This investment remains the Jhunjhunwala family's largest listed equity holding. The family's initial investment in Titan dates back to 2002-2003 when the shares were trading in double digits.

Titan's Q2 Performance

Titan Company has reported robust growth across its business segments:

Retail Expansion

Titan continues to strengthen its retail presence:

• Added 34 new jewellery stores
• Total outlet count now stands at 3,377

Stock Performance

Titan's stock has shown remarkable performance:

This strong performance underscores investor confidence in Titan's business model and growth prospects. The company's diversified portfolio, spanning jewellery, watches, and other lifestyle products, continues to drive its expansion in both domestic and international markets.

The increased stake by the Jhunjhunwala family, coupled with Titan's impressive quarterly results, signals a positive outlook for the company. However, investors should always conduct their own research and consider their risk appetite before making investment decisions.