Damas Jewellery
Ask about this →0 mentions · last seen 6/5/2026
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0 mentions · last seen 6/5/2026
Titan aims to double FY26 revenue (₹76,078 cr) and operating profit by FY30, anchored by Tanishq scaling to ~1,400 stores for 11% market share, Damas (67% stake, $283M) leading Gulf expansion, and Eye+ targeting ₹3,500 cr. Stock closed +3.7% at ₹4,238.80.
Mint · 6/4/2026, 3:44:49 PM
Titan plans to double consolidated revenue and operating profit by FY30, scaling Tanishq, Mia and Zoya to ~1,400 stores for ~11% jewellery share. International arm to grow 2.5x via Damas (67% stake, $283M) across GCC, Singapore and North America. Eye+ targets ₹3,500cr; emerging businesses 3.4x. FY26 revenue ₹76,078cr, PAT ₹5,073cr (+52%).
Mint · Companies · 6/4/2026, 3:43:25 PM
Total income climbed 46% YoY to ₹20,300 cr as jewellery revenue jumped 50% to ₹18,195 cr. International jewellery surged 174% to ₹1,081 cr on 123 new Damas stores. Watches grew 8%, EyeCare 17%, while smartwatch value halved. Net 27 India jewellery stores added across Tanishq, Mia, CaratLane.
Retail4Growth (HTML list) · 5/15/2026, 1:12:56 AM
Titan CFO Ashok Sonthalia backs PM Modi's call to curb fresh gold buying by proposing exchange programs that rotate India's temple and locker gold back into circulation, cutting imports. Q4FY26 total income rose 46% to Rs 20,300 cr, PAT up 35% at Rs 1,179 cr, jewellery revenue up 50% to Rs 18,195 cr.
Business Today · 5/13/2026, 10:36:57 PM
Titan's Q4 FY26 net profit rose 35% YoY to Rs 1,179 cr on 46% revenue growth, driven by a 50% jump in jewellery. India jewellery grew 46% to Rs 17,114 cr; international jewellery nearly tripled (+174%) aided by Damas. FY26 PAT up 52% to Rs 5,073 cr. 27 net new India stores added; shares rose 6.3%.
BW Retail World · 5/13/2026, 9:06:10 PM