Titan Share Price Gains After Acquisition of 67% Stake in UAE’s Damas Jewellery

Market Performance

Titan share price saw a modest surge during the trading session on July 22, following a major acquisition announcement.

• The stock rose by 0.62%
• It touched ₹3,454.4 per share on the NSE
• The gain comes amidst investor interest driven by Titan’s latest strategic move

Main News: Titan Acquires 67% Stake in Damas Jewellery

India’s leading branded jewellery company, Titan Company Ltd., announced that it will acquire a 67% majority stake in Damas Jewellery, a well-established jewellery brand based in the UAE.

This acquisition was done through its wholly owned subsidiary Titan Holdings International FZCO, which signed a definitive agreement with Mannai Corporation, the current majority stakeholder in Damas LLC.

Key Details:

• Stake Acquired: 67%
• Company Acquired: Damas Jewellery (UAE)
• Parent of Damas: Mannai Corporation
• Transaction Type: All-cash deal
• Enterprise Value: AED 1,038 million
• Equivalent in INR: Approx. ₹2,438.56 crore

The acquisition allows Titan to enhance its footprint across the Gulf Cooperation Council (GCC) countries — a key international market for jewellery sales.

Company Details

Titan Company Ltd., jointly promoted by Tata Group and Tamil Nadu Industrial Development Corporation, started operations in 1987 as Titan Watches.

The company has since evolved into a diversified lifestyle brand, expanding its portfolio to include:

• Jewellery (Tanishq) – launched in 1994
• Eyewear (Titan Eye+)
• Watches and Accessories

Over the years, Titan has grown to become one of India’s most valuable consumer brands, with a strong domestic and international presence.

Revenue Overview (FY’25)

Titan delivered a solid financial performance in the fiscal year 2024–2025, with key contributions from its core segments.

Revenue Breakdown:

• Total Revenue from Operations: ₹57,339 crore
• Jewellery Segment Contribution: ₹46,571 crore
• Jewellery Share in Revenue: Over 81%

The jewellery division remains the company’s primary growth engine, and the acquisition of Damas is expected to complement its strategic expansion goals across global markets.

Summary of the Article

The Titan share price showed a positive uptick after the company announced a strategic acquisition of a 67% stake in Damas Jewellery, headquartered in Dubai. This move reflects Titan’s commitment to expanding its global footprint, particularly across GCC countries.

With revenues crossing ₹57,000 crore in FY’25 and over 81% coming from the jewellery division, Titan continues to dominate the branded jewellery market in India. The acquisition aligns with the company's long-term global growth plans and strengthens its international brand presence.