Volume growth steady at 5.7%, but cotton and synthetic inflation compressed margins, pricing power constrained, and the stock trades at 54x FY27 earnings There is a specific kind of tension in Page Industries’ Q1FY27 results — a business that is growing steadily, adding stores, launching products and expanding channels, but simultaneously absorbing input cost inflation … Read more
Double revenue, double EBIT, 1,400 jewellery stores, Caratlane at 23% CAGR, watches targeting the premium segment — the FY30 vision is compelling. Titan Company is one of those rare Indian businesses that earns the right to be ambitious. Tanishq is the country’s most trusted jewellery brand. Caratlane is the leading omnichannel fine jewellery play. The … Read more
Volume and ASP both rising, store densification working without cannibalisation, AI glasses launched, 25% margin target on track There are not many consumer businesses in India that can grow revenue 46% year-on-year, expand domestic same-store sales by 24%, improve margins by over 600 basis points and simultaneously launch an AI-powered smart glasses product — all … Read more
Back-to-school demand firing, modern trade surging, capacity additions flowing through — but raw material inflation is the near-term test. India’s stationery sector does not often find itself in the spotlight. But DOMS Industries — the maker of scholastic stationery, art materials and hygiene products that has quietly built one of the most comprehensive distribution networks … Read more
Creative stationery growing at 78%, steel bottles scaling fast, margins bottoming — Antique calls Flair Writing a creative steal deal Sometimes the most interesting stock ideas come from the most unexpected places. Flair Writing Industries — the maker of Hauser pens, creative stationery and steel bottles — has just received an initiating BUY from Antique … Read more