As FY24 wraps up, it's time to uncover the outperforming & underperforming sectors📊🔁
Let’s dive in👇

🔰Winners

🚘𝐀𝐮𝐭𝐨:
The sector has turned around after a long consolidation cycle of 5 years. All segments doing well - 2W, PV, CV & Premiumization trends to continue

Path…

Explained here in detail how capital cycle in the paint industry can playout

New competition will compete on pricing with low RoCE expectations and eventually, it might drive down the capital efficiency of incumbents

x.com/MultipieSocial…

'Primary driver of healthy corporate profits is favorable supply side, not high demand growth' ~Capital Cycle

Exciting times as Grasim ventures with 'Birla Opus' all set to invest ~60% of total paint industry's capital🎨

Will the industry still remain attractive? A thread🧵
1/n

FII inflows at a decadal low