Titan eyes 10-11% of market share in the Jewellery business

In its Jewellery business, Titan expects a revenue of 15–20% CAGR over FY24-27, the company said in its analysts meet.

The company has a market share target of 10-11% as against 8.6% currently in the jewellery business. As compared to its earlier range of 12%-13%, the company now has a margin set of 11.5% - 12.5% to sustain.

It also target 6 million customers by the financial year 2027, and 12% CAGR over FY19–24.

Titan expects Mia's (by Tanishq) revenue and Caratlane’s customer base to double over the next three years.

The journey of Tanishq started with the launch of 18k gold watches studded with precious stones in 1994. But it soon grew into a 22k jeweller who presented a stunning range of gold and diamond jewellery.

CaratLane was founded in 2008 to bridge the gap between exquisite jewellery meant for special occasions and everyday wear, making diamond jewellery affordable for all.

Today, CaratLane stands as one of India's largest omni-channel jeweller, with a robust presence in more than 100 Indian cities through an extensive network of over 250 retail stores.