📊Q1FY27 Results — Key Prints TVS Motor — Beat across the board. Revenue ₹139Bn (+38% YoY, 4% ahead of estimates); EBITDA margin 12.8% (101bps beat); PAT ₹11.7Bn (+51% YoY, 20% beat). June 2026 monthly volumes: 47% YoY growth. ASP up 8% YoY reflecting premiumisation. Sona BLW — Beat vs estimates. Q1FY27 concall highlights: Denso JV now… Read More »July 2026 | Q1FY27 Results, Company Deep Dives, Dhan Broker, Macro
A comprehensive wrap-up of our research ideas and data tracking from June 2026. Key coverage includes deep data on fintech brokers (Groww, Angel One, Zerodha), healthcare hospital trends, CDMO, capital goods, and macro indicators.
Interaction with APL Apollo Tubes distributor who handles ~5% of the overall APL Apollo’s volume Key Learnings: 👷♂️Leadership– Sanjay Gupta (Chairman/MD): “One-Man Army”– Brought innovations and adopted technologies faster than competitors– Maintains close connection with distributors 🎖️First Mover Advantage– Early 2000s: Seized opportunity in lightweight structural steel tubes market– Capitalized on increasing demand previously served by… Read More »APL Apollo Insights
The first shift started over a decade ago, when the Indian consumer started shifting from shopping in local kirana stores to “Modern Trade” channels such as Dmart, Reliance Smart for value purchases. The second big shift occurred post COVID-19, as internet usage skyrocketed due to cheap data and convenience took precedence due to social distancing… Read More »Consumer sector – the 3 big shifts
For many years now, I have had the good fortune of learning from a lot of good friends, who are giants in their own spheres. More recently,these discussions have become the fulcrum of long evening walks in the bylanes around my house. One such recent conversation with C, which got me thinking, is the discussion… Read More »Business Operator Vs Investor
And if there’s a game it’s very good to be in for the rest of your life, the idea to stay out of it because you think you know when to enter it– is a terrible mistake but… You wanna spread the risk as far as the specific companies you’re in by owning a diversified… Read More »Buffett on timing