Category to upload sector specific views
Operating leverage is one of the most important but least understood drivers of earnings growth in any business. It refers to the phenomenon where profits grow at a much faster rate than revenues once a company begins to utilize its existing cost base more efficiently. For investors, understanding Operating leverage can be extremely valuable because…
The consumer discretionary sector in India has historically been a consistent wealth creator for long-term investors. Over the last decade, it enjoyed strong tailwinds driven by rising incomes, premiumization, and limited listed investment options. We have been tracking the consumer discretionary sector in India for more than a decade now and have observed how the…
The Indian building materials sector has been a consistent wealth creator for equity investors over the past 15 years. Multiple segments within the sector such as tiles, sanitary ware, pipes, paints, plywood, and MDF benefited from strong housing demand, rising formalization and expanding distribution networks. However, over the last two to three years, sector growth…