West Asia war stalls Titan’s $4 bn Gulf market bet, delays Damas expansion

Following the acquisition, Titan’s store network in the region expanded to 161 outlets, including 146 Damas stores, alongside its existing Tanishq and Mia presence, gaining approximately 75% market share. This has put it ahead of Indian rivals such as Malabar Gold & Diamonds, Kalyan Jewelers and Joyalukkas, which operate 113, 36 and 36 stores respectively.