Ekansh Mittal Profile picture
Jun 12, 2023 9 tweets 5 min read Read on X
Hair oil penetration in India is 90% + and there have been huge wealth creators from this space over last 2 decades

We were recently looking at co. which hasn't done well but is making amends under new team

In the process looked @ hair oil industry...some details 🧵

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Hair oil is a product formulated to nourish, moisturize, and promote the health of hair and scalp

Hair oils are formulated with specific ingredients to target different hair concerns & achieve various desired effects -

shine, blackness, frizz control, hair growth, etc.

(2/n) ImageImage
Types of Hair Oil available in the market

Coconut Oil
Almond Oil
Amla Oil
Olive Oil
Castor Oil
Onion Oil
Jojoba Oil
Ayurveda Oil

Key Market Segmentation

By Ingredients, by Price, by Consumer, by Distribution Channels

(3/n) Image
Did you know?

Most hair oil cos. sell their coconut based Hair oil as only "Coconut Oil" and not as Coconut Hair Oil

Marico - Parachute Oil holds 59% market share in Coconut Hair Oil category

Read the Parachute bottle carefully

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# Making of hair oil involves following processes

o Selection of Base Oil
o Extraction/Refining
o Blending with Essential Oils & Herbal Extracts
o Addition of Active Ingredients
o Emulsification and Stabilization
o Packaging

(5/n) ImageImage
Indian Hair Oil Industry was valued at Rs 13,361 crores as on Mar-22 having 3,09,219 tons Vol as per MAT Data

Industry is now very close to the pre-pandemic performance of FY-19-20

Household penetration levels of hair oil holding steady at 93-94% over the last 3 years

(6/n) ImageImage
Key Indian Hair Oil Players

#Marico-Parachute (Coconut Oil)+Nihar Naturals= 63%
#Bajaj-Almond (Light Oil) 60%
#Dabur-Amla (Amla based) 40%
#Emami-Navratna (Cooling) 55%

(7/n) Image
Demand Scenario

-Demand for Herbal, Ayurvedic & Organic Ingredients in Hair Oils
-Hair Oil Massage Promotes Relaxation
-Demand for quick & easy hair care solutions

Key Challenges

-Intense Competition
-Counterfeit Products
-Changing Consumer Choice
-Regulatory Compliance

(8/n)
Sources referred - (refer attached pic)

For disclosures/disclaimer - katalystwealth.com Image

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More from @EkanshMittal_KW

Jul 8
Was recently looking at India Nippon Electricals

It is one of the largest makers of Automatic Ignition systems for 2Ws and 3Ws

Co. is also focusing on Sensors and controllers space

Here's a short 🧵on Automatic Ignition System and Sensor Industry

(1/n) Image
Auto component is any part or system that is used to manufacture a vehicle or keep it running

These can be mechanical, electrical, or electronic parts that go into cars, bikes, trucks, buses, and even electric vehicles (EVs)

(2/n) Image
Automotive ignition system ignites the air-fuel mixture for combustion, ensuring smooth starts, efficient power delivery, and adherence to emission norms

Petrol and Diesel engines use spark plugs, while diesel engines rely on glow plugs for cold starts

(3/n) Image
Read 11 tweets
Jun 23
Was looking at Suyog Telematics

It is one of the leading telecom infrastructure provider

Stock is down 50% + from Dec'24 highs...decided to look at it and the industry

Here's a detailed thread on telecom infra industry with lots of charts and data

(1/n) Image
India's telecom sector, primarily landline voice until early 90s, rapidly evolved. Mid-90s saw wireless mobile services, followed by 2000s' tech boom with MMS, video calling, and internet services: OTT, IoT, and VoIP

Key Segments under Indian Telecom Sector 👇

(2/n) Image
What are telecom tower companies?

Telecom tower companies build, own and operates telecom towers and provide passive infrastructure to Mobile Network Operators under lease agreements 10-15 years for anchor tenants, ~5 years for others with penalties for early exit

(3/n) Image
Read 12 tweets
May 26
Was recently reading about Symphony...probably the most well known brand in air-coolers space

Stock has returned almost 0 return in last 10 yrs

Few interesting developments are happening so decided to look at Air-coolers industry

Here's a🧵with lots of data and charts

(1/n) Image
What is Air Cooler?

Also known as an evaporative cooler or swamp cooler, is a low-cost, eco-friendly cooling appliance that cools air through evaporation of water

It is widely used in hot and dry climates, especially in regions where AC may be too expensive

(2/n) Image
Air cooler works on the principle of evaporative cooling:

1. Water is added to tank

2. Cooling pads soak up water

3. A fan pulls in hot, dry air

4. As air passes through the wet pads, it cools through evaporation

5. The cool, moist air is then blown into the room

(3/n) Image
Read 8 tweets
Apr 30
BOPP & BOPET are key flexible packaging films with many listed cos.

BO films industry is facing overcapacity...while volumes are good...oversupply has suppressed prices

Stocks are down and some promoters bought from open market🧵

Research desk -

(1/n) katalystwealth.comImage
What are Biaxially Oriented (BO) Films?

BO Films are polymer films stretched in both machine and transverse directions during production, enhancing tensile strength, clarity, barrier properties, and dimensional stability

Types of Biaxially Oriented Films (2/n) Image
Flexible packaging BO films are produced by melting and extruding polymers, then stretching the film biaxially for enhanced properties

Multiple layers can be coextruded for combined benefits. Film is cooled, treated for printability, and cut into rolls for packaging use

(3/n) Image
Read 10 tweets
Apr 21
Was looking at Apcotex Industries which I think is the only domestic producer of nitrile & high styrene rubber and 70% demand is met through imports

The company deals in synthetic rubber and synthetic latex

Here's a short 🧵with lots of charts and data on industry

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a) Synthetic rubber is man-made elastic material used in tires, seals, and industrial goods

b) Synthetic latex is liquid emulsion used in coatings, adhesives, and gloves

Both belong to polymer family, specifically elastomers

(2/n) Image
Are Synthetic Rubber and Synthetic Latex the same ? No,

# Same raw materials? → Yes (often)

# Same process? → No, latex is made via emulsion polymerization, rubber is processed into solids

# Main difference? → Form (liquid vs solid) and end-use

(3/n) Image
Read 8 tweets
Mar 18
After recent fall, certain Sugar stocks are looking interesting

Decided to look at Sugar industry in India in detail

Here's a short🧵

Did You Know?

In India, sugar mills cannot grow their own sugarcane. They rely entirely on farmers for sourcing sugarcane

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Sugar is a carbohydrate that provides energy and is naturally found in plants like sugarcane, sugar beets, fruits, and dairy

Sugar is a simple carbohydrate composed of carbon (C), hydrogen (H), and oxygen (O)

(2/n) Image
Sugar Manufacturing Process:

# Harvesting
# Transportation to Sugar Mills
# Crushing
# Clarification
# Evaporation
# Crystallization
# Centrifugation
# Drying and Packaging

In short, crushing the sugarcane, removing impurities & water, and forming crystals

(3/n) Image
Read 11 tweets

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