Damas
Ask about this →0 mentions · last seen 6/5/2026
The Encyclopædia of Indian Retail — revised every hour
0 mentions · last seen 6/5/2026
Titan plans to double jewellery revenue at 20% CAGR by FY30, lifting India market share to 11% from 8.5% and scaling its store network to 1,400 from 800. A 67% stake in Damas anchors Gulf expansion, while Q4 jewellery sales hit ₹18,195 cr within ₹23,934 cr group revenue (+77.6% YoY).
CNBC-TV18 · Companies · 6/4/2026, 9:12:55 AM
MD Ajoy Chawla is rewiring Titan as gold-import curbs and PM's anti-gold remarks triggered a 7% crash despite 46% Q4 growth. Plan: scale Skinn fragrances (38% YoY), expand IRTH bags from 17 to 200-300 stores, push EyePlus, and reduce reliance on jewellery that drives 94% of incremental growth.
Mint · Companies · 5/25/2026, 11:37:47 AM
Titan's Q4FY26 net profit rose 35% YoY to ₹1,179 crore on ~46% domestic jewellery growth. CFO flags gold-as-investment shift, rising 18-carat uptake, and tier-2/3 expansion lowering metro share to ~55%. Ticket sizes up ~40%; Damas integration drags amid GCC slowdown.
The Hindu BusinessLine · 5/13/2026, 9:58:29 PM
Titan fell to an intraday low of ₹4,150 from ₹4,509 after PM Modi urged citizens to pause non-essential gold buying for a year, overshadowing Q4FY26 net profit of ₹1,179 cr (+35% y-o-y) and 41% domestic jewellery EBIT growth. Brokerages stayed constructive with targets ₹4,800-5,400.
The Hindu BusinessLine · 5/13/2026, 9:02:00 PM
Titan closed FY26 with revenue up 32.7% to ₹76,078 cr and net profit up 52% to ₹5,073 cr, powered by a 50% Q4 jewellery surge. Tanishq-Mia-Zoya grew 48% to ₹16,047 cr, CaratLane added 22%, and 27 domestic plus 123 Damas stores widened reach. Shares hit a 52-week high; GCC losses remain a drag.
Mint · Companies · 5/13/2026, 7:59:56 PM