Titan MD Links Online Betting Ban and Tax Relief to Increased Consumer Demand

Titan Managing Director Ajoy Chawla attributes increased consumer demand to factors including the online betting ban, GST rationalization, income tax slab relaxation, and government infrastructure investment. While the number of gold-buying customers remains steady, the quantity of gold purchased has declined due to rising prices, reflecting broader industry trends. Chawla noted that these economic measures have increased disposable income among middle-class consumers, positively impacting sales across Titan's jewellery brands such as Tanishq, Zoya, CaratLane, and Mia.