Revenue distribution by sectors (estimated for 2025):

• Jewelry: approx. 80%
• Watches: approx. 10%
• Optics: approx. 5%
• Others (e.g. perfumes, clothing): approx. 5%

TOP 3 markets and their percentage shares (estimated for 2025):

• India: approx. 85%
• Middle East: approx. 7%
• Southeast Asia: approx. 5%

Titan Company Limited generates the majority of its revenues from the jewelry sector, accounting for the dominant share of about 80%. The Indian market is the main revenue driver with an estimated share of 85%, attributed to the strong brand presence and extensive retail network in the domestic market.

The Middle East and Southeast Asia are important international markets for Titan, with the Middle East having a higher share due to the high demand for luxury goods and jewelry. These markets offer growth opportunities, especially through expansion into emerging economic zones and adapting to local preferences.

Production sites: India

Titan Company Limited produces the majority of its products in India. The company has several production facilities in the country, especially in the states of Tamil Nadu and Karnataka. These sites are responsible for the manufacturing of watches, jewelry, and other lifestyle products.

Through local production, Titan can benefit from cost advantages and a well-developed supply chain within India. This enables the company to offer competitive prices while maintaining high quality standards.

Revenue Growth: 20% (2024) Profit Growth: 18% (2024)

Titan Company Limited is pursuing a multi-pronged growth strategy to further strengthen and expand its market position. A central part of this strategy is the expansion of its retail network, especially in emerging markets and rural areas, to reach a broader customer base.

Furthermore, the company is heavily investing in digitization and e-commerce to meet the rising online sales trends. This includes both enhancing online platforms and integrating omnichannel experiences for customers.

Another focus is on diversifying the product portfolio. Titan plans to introduce new product lines in the jewelry and watch sectors to meet changing consumer preferences. Sustainability and innovation are at the forefront to offer environmentally conscious and technologically advanced products.

In addition, Titan is focusing on strategic partnerships and joint ventures to enter international markets and increase global brand awareness. These measures are intended to lead to stable and sustainable growth in the long term.

Main Imported Raw Materials: Gold, diamonds, gemstones

Countries of Origin:

• Gold: South Africa, Australia, Switzerland
• Diamonds: Belgium, Israel, Russia
• Gemstones: Thailand, Sri Lanka, Myanmar

Titan Company Limited is heavily dependent on imports, especially for raw materials such as gold and diamonds, which are essential for their jewelry production. Gold is mainly imported from countries like South Africa, Australia, and Switzerland, known for their high-quality gold deposits.

Titan sources diamonds from leading diamond trading centers such as Belgium and Israel, as well as from Russia, known for its large diamond deposits. Gemstones are imported from Thailand, Sri Lanka, and Myanmar, renowned for their variety and quality of gemstones.

These international procurement strategies enable Titan to offer high-quality products and at the same time benefit from the best available raw materials worldwide.

Market share in the jewelry sector: 6% (2024, estimate) Revenue growth in the jewelry segment: 19% (2024) Brand awareness: Very high in India

Titan Company Limited has a significant competitive advantage, especially in the Indian jewelry market. The company benefits from strong brand awareness and a wide distribution network, enabling it to reach a large customer base.

The 19% revenue growth in the jewelry segment in 2024 indicates that Titan is successfully gaining market share and further solidifying its position. The 6% market share in the jewelry sector is an indicator of its strong presence and ability to compete with other major players.

In addition, Titan continuously diversifies its product range, making the company more resilient to market fluctuations and increasing its attractiveness to various customer segments.

Institutional investor share: approx. 30% (estimated for 2025 based on historical data)

Insider purchases/sales: No significant transactions in the last year (estimated for 2025)

The institutional investor share in Titan Company Limited traditionally stands at around 30%, based on the latest available data and typical market trends. These investors play a significant role in the stability and trust in the company.

Regarding insider purchases and sales, there were no significant transactions in the last year that would indicate a change in management's confidence in the company's future development. This suggests a stable internal assessment of the company's situation.

Market share of Titan Company Limited: 25% (2025, estimated)

Top competitors and their market shares:

1. Titan Company Limited: 25%
2. Kalyan Jewellers: 15%
3. Tanishq (part of Titan): 12%
4. Malabar Gold & Diamonds: 10%
5. Joyalukkas: 8%
6. PC Jeweller: 6%
7. Tribhovandas Bhimji Zaveri (TBZ): 5%
8. Senco Gold & Diamonds: 4%
9. Reliance Jewels: 3%
10. Other smaller players: 12%

Moat of Titan Company Limited:

Titan Company Limited possesses a significant moat, characterized by several factors:

1. Brand awareness and trust: Titan is one of the most well-known brands in India, especially through its subsidiary Tanishq, known for quality and innovation in the jewelry sector.

2. Wide distribution network: Titan has an extensive retail network and a strong online presence, enabling the company to reach a broad customer base.

3. Product diversification: In addition to jewelry, Titan also offers watches and other lifestyle products, diversifying risks and creating additional revenue streams.

Compared to its competitors, Titan has a clear advantage due to its strong brand presence and diversified product portfolio. While some competitors like Malabar Gold & Diamonds and Joyalukkas also have strong brand images, their product range is less diversified.

Kalyan Jewellers and Malabar Gold & Diamonds are strong competitors, but they lack the same level of diversification and comprehensive distribution network that Titan possesses. Therefore, compared to other companies, Titan has a significant moat supported by its brand strength and market presence.

Revenue Growth: 18% (2024) Profit Growth: 14% (2024) Market Share in the Jewelry Segment: 6% (2024)

Titan Company Limited recorded a revenue growth of 18% in 2024, attributed to strong demand in the jewelry and watch segments. The company expanded its market share in the jewelry segment to 6%, indicating successful marketing strategies and product range expansion.

The profit growth of 14% in 2024 shows that Titan was able to efficiently manage its costs and benefit from economies of scale. This positive development is supported by continuous expansion into new markets and the introduction of innovative products.

Overall, the financial performance of Titan Company Limited suggests that the company is well positioned to benefit from future growth opportunities. Analysts may therefore have a positive outlook on the company's long-term investment prospects, provided it can further strengthen its market position and effectively manage emerging risks.

Dividend yield: 0.8% (2024) Dividend growth: 10% (last 3 years)

Titan Company Limited has regularly distributed dividends in recent years. The dividend yield was approximately 0.8% in 2024, which is moderate compared to other companies in the industry.

The company has recorded an average dividend growth of 10% per year over the last three years. This indicates a reliable distribution policy supported by a stable business model and continuous revenue growth.

Analysts expect that Titan will continue to be able to pay dividends and possibly increase them based on their strong market position and solid financial performance.