Titan Watch Expansion Targets Clouded by Gold Price Volatility
Titan Company Limited, which operates under the ticker TITAN on the NSE, has outlined ambitious growth targets for its watch segment. The company aims to achieve ≥50% growth in the ₹25,000+ range by FY26-27, with double-digit gains expected in lower tiers and significant jumps in luxury watches.
The expansion plans include boosting in-house movement R&D and localization as gold-price volatility puts pressure on its jewellery business. MD Ajoy Chawla emphasized that gold price fluctuations, not macro conditions, have been the main challenge for Titan's jewellery business.
Titan also plans to expand its mechanical-watch range by investing in precision manufacturing and localizing critical components. This move aims to diversify the company's offerings and reduce dependence on external suppliers.