All my India stock portfolio companies except one have shown YoY revenue growth in the latest quarterly result. The outlier was Latent View which got replaced with Stylam Industries (up 31% since my purchase) due to its consistent revenue and profit growth reported in the past few quarters.
I have also added into my Paytm investment after the latest quarterly result. I believe Paytm is in the early stage of multi year growth in loan disbursement through its digital channel. Again my thesis could be wrong as I don’t have much expertise in this area.
This quarter’s stars among portfolio stocks were PI industries (6X), Pidilite (8X), Polycab(3X), Varun Beverage (up 44% since my last purchase) and as anticipated Ethos (up 20%) which recently broke out of tight range after delivering a good set of results. I kept my other holdings and allocation intact in the latest quarter. After a long time I see Jubilant Food stock has started moving in the right direction. Hopefully growth will come back as the raw material price escalation issue is over for now.
3 yrs return : 36.8% – Due to post COVID boost
4 yrs return: 23.1%
5 yrs return: 19.3%
Disc. This is not a buy/sell recommendation. Biased as invested in all stocks discussed above. Not a SEBI registered advisor.
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