Titan Company Ltd is betting on strong international growth, particularly in North America and the Gulf Cooperation Council (GCC) region, while continuing to invest in manufacturing and product innovation to capitalise on the ‘Make in India’ opportunity, Managing Director Ajoy Chawla said in his message to shareholders in the company’s Annual Report 2025-26.
Chawla said the government’s ‘Make in India’ push and the growing efforts by global companies to diversify their supply chains present a significant opportunity for Titan Engineering & Automation Ltd (TEAL).
He added that Titan’s international jewellery and watches business has recorded strong growth over the past year and is now positioned to scale up in markets with a large Indian diaspora, particularly North America and the GCC.
“The International business for Jewellery and Watches has grown handsomely in the previous year and is now poised to achieve substantial scale in the North American and GCC markets where the Indian diaspora is significant,” Chawla said.
He added that Titan also sees significant growth potential in serving Arab consumers following its acquisition of jewellery retailer Damas.
Near-term challenges remain
Chawla acknowledged that geopolitical tensions in West Asia could create short-term challenges for the business.
“In the near term, there are some headwinds due to the West Asia War. Nevertheless, the longer-term opportunities significantly outweigh the risks, and our approach is to continue to prioritise growth, build scale across categories, while innovating across the value chain,” he said.
Manufacturing investments to continue
The Titan MD said the company remains focused on strengthening its manufacturing capabilities, product development and design functions to enhance supply chain agility and maintain its competitive edge.
He said additional investments in manufacturing capacity and capabilities are planned as the company expands into new growth areas.
India consumption story remains strong
Highlighting domestic growth opportunities, Chawla said rising discretionary spending, increasing formalisation across retail categories, expanding middle-class consumption in Tier II, III and IV cities, and India’s healthy economic growth are expected to drive demand for branded products.
He said Titan’s multi-brand strategy enables the company to cater to consumers across different income levels, age groups and demographics.
Crosses ₹75,000 crore revenue milestone
Calling FY26 a landmark year, Chawla said Titan crossed the ₹75,000 crore revenue milestone, underscoring the strength of its brands, business model and innovation-led growth strategy.
The company continued to introduce premium products across its businesses during the year.
In jewellery, Tanishq’s Desert Diamonds collection was showcased at Paris Couture Week, while Zoya launched its ‘Whispers from the Valley’ collection inspired by Kashmir.
The watches business expanded its premium portfolio with launches including India’s first Wandering Hour complication, Nebula’s ‘Jalsa’, and Edge ‘Fumage’.
Premium retail formats gain traction
Titan also strengthened its retail network with new premium store formats across categories. Titan Eye+ underwent a major transformation with larger, technology-enabled stores, while Titan World 2.0 and Helios Luxe were introduced to cater to the growing premium watch segment.
The company also launched the Tanishq Rivaah Lounge in Delhi, a dedicated luxury retail format for wedding jewellery customers.
During the year, Titan introduced beYon, its lab-grown diamond jewellery brand, and expanded IRTH Yellow Door, its exclusive women’s handbags retail format, which the company said is gaining popularity in India’s metro cities.