Titan eyes revenue double by FY30; brokerages flag up to 24% upside
Motilal Oswal (TP Rs 5,250) and Nuvama (TP Rs 5,030) retain Buy as Titan plans 1,400 jewellery stores and 11% market share by FY30. Mia targets Rs 2,000 cr run-rate, Zoya Rs 500 cr, Eye+ Rs 3,500 cr GCR, with Damas anchoring international play.
Motilal Oswal and Nuvama retain Buy on Titan with up to 24% upside, backing FY30 plan to double revenue via jewellery network expansion to 1,400 stores, 11% market share, and scaling CaratLane, eyewear, watches and Damas internationally.