Why organized players like Titan Company could emerge bigger winners in India’s evolving gold market

India's gold market is rapidly formalizing despite high prices and tax hikes. Resilient consumer demand, especially for investment, favors organized players like Titan. Titan, leveraging Tanishq's brand strength, is projected for significant growth, modeling a sales/EBITDA/PAT CAGR of ~15%/20%/24% over FY26–28.