Asia Consumer Research, Investory

Devi Subhakesan

Asia Consumer Sector Focus. Fundamental Research.

Experience: Equity research analyst with Buy and Sell-side Institutions. ASEAN, India & North Asia Markets. Consumer Discretionary, Media, Textiles, Oil, Gas & Coal sectors. 
Mindfulness and Meditation Enthusiast.

Asia Consumer Research

LT Foods 2Q: Growth Pangs, Leverage Pains, Dilution Risk, But Still Our Pick to Play India Staples

India Sector Capsule - Branded Rice & Processors

ASIA CONSUMER: INSIGHTS AND INVESTMENT IDEAS

Investory

Investory is a Singapore-based boutique independent equity research firm founded in January 2017 with a primary focus on consumption themes across Asia-Pacific.

We aim to generate investible ideas based on consumption trends and outlook. We screen our ideas on several parameters - product potential, long-term growth and management commitment being the most critical.  We follow a fundamental analysis approach in our stock selection process and are not restricted by market cap.

We aspire to grow into a leading source of unbiased research, free of conflict of interest, for investors yearning for independent and disciplined analysis. 

We also undertake bespoke research mandates to support our Institutional clients’ investment needs.

Our team comprises of professionals with extensive experience in the Asian equity markets, in areas ranging from research, servicing institutional clients and investment management.

Equity Bottom-Up

<p><strong>LT Foods - an established Indian player in the branded staples segment</strong> - has benefited from strong growth in demand for packaged food in the country.  Expanding presence of organised modern retail, rise in family income, increasing number of double income households, need for convenience and consequently greater ability/willingness of consumers to upgrade spending on branded/processed/packaged foods have been contributing factors. LT Foods appears well positioned to benefit from this structural shift in domestic Indian consumption pattern. It has also strong branded presence in basmati rice category in the US, Europe and Middle East.  Stock's current valuations seem more reflective of its single product agri-processor past than its present multi product branded player profile.</p>

LT Foods - an established Indian player in the branded staples segment - has benefited from strong growth in demand for packaged food in the country.  Expanding presence of organised modern retail, rise in family income, increasing number of double income households, need for convenience and consequently greater ability/willingness of consumers to upgrade spending on branded/processed/packaged foods have been contributing factors. LT Foods appears well positioned to benefit from this structural shift in domestic Indian consumption pattern. It has also strong branded presence in basmati rice category in the US, Europe and Middle East.  Stock's current valuations seem more reflective of its single product agri-processor past than its present multi product branded player profile.

LT Foods: Riding the Change in India's Food Shopping Trends

LT Foods Ltd

LT Foods: Riding the Change in India's Food Shopping Trends