Titan Bluestone Jewellery Shares Surge Up to 4.5% Amid Positive Earnings Projections

Titan and Bluestone Jewellery Shares Surge on Growth Plans

Shares of Titan Company and Bluestone Jewellery and Lifestyle ended higher on Thursday, following the unveiling of growth plans for their respective jewellery businesses.

Titan Company's shares settled 3.67 percent higher at Rs 4,238.80 per share on the National Stock Exchange (NSE).

The growth roadmap for the jewellery business was outlined by the Tata Group company at an analyst meeting held on June 4. The company aims to double its jewellery business revenue by FY30 from FY26 levels, with a compound annual growth rate (CAGR) of 20 percent through FY30. This ambitious goal is expected to increase its share of the domestic jewellery market to 11 percent from the current 8.5 percent.

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As part of its expansion plans, Titan is expected to increase its jewellery store network to 1,400 outlets by FY30 from around 800 at present. This significant expansion will provide a boost to the company's revenue and market share.

In a related development, shares of Bluestone Jewellery and Lifestyle settled 4.66 percent higher at Rs 531.95 per share. The stock had risen nearly 8 percent during intra-day trade to touch a one-month high after the company, at its Investor Day, outlined its growth targets for 2029-30.

Bluestone aims to achieve sales of Rs 12,000 crore by FY30, which implies a CAGR of around 50 percent between FY26 and FY30. The growth is expected to be driven by like-for-like sales expansion and a larger store network. The company has projected same-store sales growth of 30 percent, supported by customer ageing, improved retention, and higher wallet share.

Bluestone also expects its earnings before interest, taxes, depreciation, and amortisation (EBITDA) margin to rise to around 15 percent in FY30 from 7 percent in FY26. Store-level EBITDA margin is projected to reach about 19 percent. The company plans to add 365 stores by FY30, taking its network beyond the current 340 outlets.

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Bluestone has developed an agile design-to-market process, with new products reaching stores within three to four weeks from the concept stage. This efficient process will enable the company to respond quickly to changing market trends and customer preferences, ultimately driving growth and revenue.