Titan Company Ltd. is making strategic moves to expand its footprint in the jewellery market, aiming to increase its market share to 10-11% from the current 8.6%
Titan Company Ltd. is aiming to increase its market share in the jewellery sector to 10-11%, up from the current 8.6%.
The company forecasts a revenue CAGR of 15-20% over FY24-27, with margins expected to stabilize around 11.5-12.5%. Titan also targets 6 million customers by FY27 and aims for a 12% CAGR from FY19-24.
The company projects doubling Mia's and Caratlane’s revenues within three years and increasing its wearables market share. It plans to focus on luxury/premium, women, and Gen-Z customers.
In the eyecare segment, Titan anticipates a 40% revenue CAGR over the next three years, aiming for Rs2,000 crore in sales with a 12% EBIT margin by FY27. The emerging business segment, including fragrances, fashion accessories, and Indian dress wear, is targeting Rs1,000 crore revenue by FY27. Additionally, Titan aims to achieve $500 million in international sales and 500,000 customers by FY27.
Key volume targets for FY27 include tripling wearables and women’s bags, doubling fragrances, and tripling Taneira. Rekha Jhunjhunwala holds a 5.35% stake in Titan, valued at Rs15,687 crore.
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