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Tata Group consumer brand leading India's branded jewelry, watches and eyewear retail.
Tata Group consumer brand leading India's branded jewelry, watches and eyewear retail.
Jewellery carries the company: it earns a thin margin on a large volume of gold sold, billed by weight plus making charges, and sales spike around weddings and festivals such as Akshaya Tritiya and Dhanteras. Watches and eyewear are smaller, steadier lines. The Tata Group and the Tamil Nadu state agency TIDCO are its biggest shareholders.
In one line: India's Tiffany & Co. plus Fossil combined.
Moat: narrow (brand, distribution, scale). Tanishq's trusted-purity brand converted India's unorganized gold-jewelry market into organized retail share.
Headquarters: Bengaluru, India · Founded: 1984 · Employees: 20,158
Size Titan (TITAN.NS) is an India Consumer Discretionary company (Other Consumer Specialties) with a market value of $46.9B, the 16th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹5,000 on 6 Nov 2026.
Performance Over six months the shares gained 16.1%, against +0.9% for the median peer and 0.0% for the India market (cap-weighted) — 7th highest of 20 in its peer set.
Growth Revenue grew 45.0% over the last twelve months (peer median +6.7%); the operating margin is 9.2% (peer median 12.7%).
Valuation It trades at 68.6× forward earnings against a peer median of 20.8× (2nd most expensive of 17).
Capital Return on invested capital runs 25.2 points above its cost of capital (15.4% WACC).
Next results Next results expected around 4 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹924B | ₹875B | ₹604B | ₹510B | ₹405B |
| Revenue growth | — | +45% | +18% | +26% | — |
| Gross profit | ₹152B | ₹132B | ₹96.6B | ₹87.7B | ₹77.9B |
| EBITDA | ₹94.2B | ₹83.6B | ₹57.0B | ₹52.8B | ₹48.6B |
| Net income | ₹57.6B | ₹50.7B | ₹33.4B | ₹35.0B | ₹32.5B |
| Free cash flow | n/a | -₹33.9B | -₹37.5B | ₹5.92B | ₹8.80B |
| Capital expenditure | n/a | ₹9.02B | ₹4.94B | ₹6.91B | ₹4.32B |
| Total debt | n/a | ₹306B | ₹208B | ₹155B | ₹93.7B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Titan TITAN.NS | $46.9B | +16% | +45% | 9% | 68.6× | n/a |
| Kalyan Jewellers India KALYANKJIL.NS | $6.47B | +44% | +46% | 6% | 37.6× | n/a |
| PC Jeweller PCJEWELLER.NS | $1.63B | +67% | +29% | 24% | n/a | n/a |
| Senco Gold SENCO.NS | $556M | -7% | +42% | 9% | 13.6× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | TITAN.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +14.2% | +1.5% | 3rd highest of 21 |
| 6-month return | +16.1% | +0.9% | 7th highest of 20 |
| Distance from 52-week high | -3.6% | -23.9% | highest of 21 |
| Revenue growth (TTM) | +45.0% | +6.7% | 5th highest of 21 |
| Operating margin | 9.2% | 12.7% | 8th lowest of 21 |
| Forward P/E | 68.6× | 20.8× | 2nd most expensive of 17 |
| ROIC minus cost of capital | +25.2 pp | +6.8 pp | 3rd highest of 20 |
| EV / EBITDA | 47.1× | 15.2× | most expensive of 15 |
| Net debt / EBITDA | 2.8× | 0.7× | most indebted of 17 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Titan TITAN.NS | India | $46.9B | +16% | +45% | 9% | 68.6× | n/a | n/a |
| Compagnie Financiere Richemont CFR.SW | Switzerland | $122B | +10% | +2% | 21% | 24.8× | 10.5% | +8.1% |
| Chow Tai Fook 1929.HK | Hong Kong | $15.0B | +3% | +5% | 19% | 11.3× | -8.1% | +6.1% |
| Swatch Group Ltd. Bearer UHR.SW | Switzerland | $11.3B | -13% | 0% | 2% | 43.1× | 21.6% | +2.3% |
| Pandora A/S PNDORA.CO | Denmark | $10.1B | +67% | +1% | 24% | 13.7× | -6.9% | +11.4% |
| Laopu Gold 6181.HK | Hong Kong | $6.84B | -48% | +109% | 27% | 6.9× | n/a | n/a |
| Seiko 8050.T | Japan | $4.71B | +54% | +16% | 11% | 21.0× | 24.4% | +10.6% |
| Samsonite 1910.HK | Hong Kong | $2.52B | -6% | +1% | 15% | 10.3× | -12.2% | +18.0% |
| Lao Feng Xiang 600612.SS | China | $2.04B | -17% | -40% | 6% | 17.2× | -16.9% | +0.4% |
| China National Gold Group Gold Jewellery 600916.SS | China | $1.80B | -20% | -9% | 0% | 28.6× | 24.2% | +15.6% |
| PC Jeweller PCJEWELLER.NS | India | $1.63B | +67% | +29% | 24% | n/a | n/a | n/a |
| Sky Gold and Diamonds SKYGOLD.NS | India | $1.56B | +92% | +73% | 7% | 31.5× | n/a | n/a |
| Savaria SIS.TO | Canada | $1.53B | +3% | +7% | 14% | 19.9× | 9.3% | +20.8% |
| Thangamayil Jewellery THANGAMAYL.NS | India | $1.37B | +1% | +78% | 6% | 29.4× | 28.5% | +36.1% |
| Mokingran Jewellery 2585.HK | Hong Kong | $1.37B | +118% | +5% | 4% | 29.7× | n/a | n/a |
| DR Corporation Limited Class A 301177.SZ | China | $1.29B | -26% | -4% | -6% | 124.3× | n/a | n/a |
| Gens Aurea OROX.MI | Italy | $1.27B | n/a | +95% | 11% | n/a | n/a | n/a |
| Mitsubishi Pencil 7976.T | Japan | $1.16B | +52% | +6% | 13% | 20.6× | n/a | n/a |
| Guangdong CHJ Industry 002345.SZ | China | $1.11B | -19% | +14% | 13% | 10.8× | -11.5% | +23.9% |
| Beijing Kingee Culture Development 002721.SZ | China | $965M | -21% | +45% | 15% | n/a | 26.5% | -25.9% |
| Wiselink 8932.TWO | Taiwan | $941M | -19% | +24% | 47% | n/a | 10.0% | +23.2% |