Titan eyes 2x growth by FY30; analysts back expansion plans, mkt share gain

Titan share price rises 5 per cent in two days as FY30 roadmap boosts analysts' confidence. Brokerages see market share gains, CaratLane growth, and international expansion driving revenue growth

Analysts were largely reassured on Titan Company's long-term growth prospects, after the jewellery-to-watches retailer laid out an ambitious roadmap till financial year 2030 (FY30) at its Investor Day.

 

At the consolidated level, Titan is targeting a doubling of revenue and earnings before interest and tax (Ebit) by FY30, implying around 20 per cent annual growth over the next four years. The guidance reflects management’s confidence in sustaining growth despite a significantly larger revenue base, analysts said.

 

ICICI Securities said the event “set standards for the corporate world” with its detailed disclosures and clear long-term roadmap. The brokerage noted that a 20 per cent revenue compound annual growth rate (CAGR) through FY30 may appear like “more of the same” to some investors, but argued that it “won't do justice to the quality of strategy and potential execution from a revenue base of ₹75,000 crore”.