Saurabh Mukherjea on why Hermes, Titan make for great plays on luxury

Titan has generated 1200 times shareholder wealth in the last 20 years, making it difficult to find any other company that represents Indian affluence as well. Global Compounder Portfolio is a list of companies that are interesting to Mukherjea, including the medical equipment provider Intuitive and luxury fashion company Hermes. Intuitive’s market share dominates due to its “Da Vinci” machine being used in 80-90% of operations globally; Hermes builds monopoly on Birkin bags by targeting dollar millionaires, who are increasing annually by 6-7%.