Consumer Analyst / Channel Surveillance Specialist, Trudence Capital Advisors

Pranav Bhavsar

Pranav Bhavsar & the team at India Independent Insight (Iii), provide research on consumer companies operating or have exposure to in India. The research methodology focuses on carrying out on-the-ground channel surveillance/checks that include supplier/distributor/customer interactions, access to industry experts, and bespoke primary data sources that aid in providing unique insights and counter consensus ideas.  

Leveraging the team's forensic analysis along with channel surveillance, the team at Iii also aids investors in early identification of changing consumer trends, identification and quantification of accounting/governance risks, and the associated impact on the business model of the company.

Pranav has over 15 years of experience in the Indian equity market, and has worked with some of the global activists, long only and PE funds for their India projects. Prior roles also include building and leading an institutional sell-side desk. In his free time, Pranav is a traveler, biker, and a young Indian contributing to the country’s social and economic development.

Consumer Analyst / Channel Surveillance Specialist

India Channel Insight | Maruti, PVR, Inox, CAMS, Marico

India Channel Insight | Maruti, Hyundai, Tata Motors, Eicher, Ola Electric

India Channel Insight #18 | Marico, Page, Jubilant Food

Marico (MRCO IN) | Why We Got It Wrong? And What Is Priced In?

Marico (MRCO IN) | Checks Indicate Saffola May Continue Strong Performance

DABUR IN | Checks Indicate Hair Oil Portfolio Could Be More Vulnerable

ASA Capital Management

ASA Capital Management is a boutique Research and Investment Advisory firm focusing on primary research in India. ASA provides bespoke research services to Institutional Clients with a focus on due diligence backed with primary research, Field Trips & Channel Checks.

Equity Bottom-Up

<p>In this Insight, we present our takeaways based on interaction with a bulk packing supplier to a couple of large edible oil companies. The takeaways aim to provide insights on utilisation levels at suppliers, supply chain dynamics and volume outlook. </p>
<p>Based on the interaction, we expect demand momentum of <a href="https://www.smartkarma.com/entities/marico-ltd" target="_blank" data-smartkarma-citation="entities:16903:1" rel="noopener">Marico Ltd (MRCO IN)</a> 's Saffola edible oil to continue and is expected to exceed management's near term guidance of high single-digit volume growth outlook for the medium term.   </p>

In this Insight, we present our takeaways based on interaction with a bulk packing supplier to a couple of large edible oil companies. The takeaways aim to provide insights on utilisation levels at suppliers, supply chain dynamics and volume outlook. 
Based on the interaction, we expect demand momentum of Marico Ltd (MRCO IN) 's Saffola edible oil to continue and is expected to exceed management's near term guidance of high single-digit volume growth outlook for the medium term.   

India Staples | Supplier Interaction Indicates Demand Momentum Likely to Continue