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 🧵

(1/n) Image
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

(4/n) Image
# 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

Dec 6
Recently came across Sheela foam while tracking Insider trades

Co. is well know for its Sleepwell mattress brand...Stock down 50% + and promoter is buying from market

Decided to look at PU foam industry, here's a small🧵with lots of charts and data

(1/n) Image
India's mattress and home comfort industry is growing rapidly, driven by rising income, urbanization, and sleep health awareness

Flexible PU foam, accounting for 66%-68% of its use in this sector, is replacing traditional cotton or coir in favor of branded products

(2/n) Image
What is PU Foam?

Polyurethane Foam is lightweight, durable polymer made by reacting polyols with isocyanates

It is versatile, available in flexible, rigid, or semi-rigid forms, and widely used in mattresses, furniture, car seats, construction, insulation, and packaging

(3/n) Image
Read 10 tweets
Nov 19
Was recently looking at Permanent Magnets

Makes magnets and parts for magnetic and current sensors for EVs and Smart Meters

Opportunity in both EVs and Smart Meters looks big

Here's small🧵to understand magnets, electrical components, etc. with lots of charts and data

(1/n)Image
What is Magnet?

A magnet is a material that attracts or repels similar materials due to the magnetic field it creates.

The field is strongest near the magnet and weakens with distance, causing strongest attraction or repulsion close to the magnet

(2/n) Image
What is Magnetic Sensor?

It detects and measures magnetic fields, converting them into electronic signals for monitoring or control

It senses changes in magnetic fields from ferromagnetic materials or electric currents, used for position, speed, and current measurement

(3/n) Image
Image
Read 10 tweets
Nov 4
While going through Ramco Systems, came across MRO industry

It's getting a major push due to massive orders for aircraft

With 700+ aircraft in service, 200 need heavy maintenance yearly, a major opportunity for MRO industry

Here's a small🧵with lots of charts and data

(1/n)Image
What is M&E and MRO in Aviation?

Maintenance & Engineering: Covers routine maintenance and major engineering work, from minor repairs to overhauls

MRO: MRO focuses on inspection, repair, and rebuilding of aircraft components, ensuring safety, efficiency, and longevity

(2/n) Image
MRO organizations maintain, repair, and upgrade aircraft, ensuring safety and compliance through skilled inspections and repairs

They handle regular maintenance, resolve issues, and keep detailed records to ensure reliability

(3/n) Image
Read 9 tweets
Sep 20
After a rough 1-2 years, some chemical and chemical-based stocks appear to be showing signs of turnaround

Was looking at Caustic soda co. after the promoters announced preferential allotment

It's a highly cyclical industry...ECU realizations peaked in Nov'22 and seem to have bottomed out around Dec'23

Here's a small 🧵(1/n)Image
What is Caustic Soda?

NaOH is inorganic compound which is highly soluble in water and has capacity to absorb carbon dioxide as well as moisture directly from air

Its chemical name is sodium hydroxide. It is used in making of soap & detergents, drainpipe cleaner etc.

(2/n)
Image
Image
It is primarily produced through the electrolysis of sodium chloride (NaCl) solution in a process known as the chlor-alkali process

3 main types of processes used

a) Mercury Cell Process

b) Diaphragm Cell Process

c) Membrane Cell Process

(3/n)
Image
Image
Read 12 tweets
Aug 12
Was going through details of Dreamfolks services

It's common to find airports overcrowded these days

Airport lounges have large queues

Thought of understanding how do these lounge aggregator companies make money

Here's a small 🧵on the industry

(1/n) Image
Airport Lounge Service Aggregators - Business model

# Lounge access Membership Fees
# Commission from Airlines and Credit Card Companies
# One Time Day Pass Sales
# Corporate Partnerships
# Value-Added Services
# Affiliate Marketing

(2/n) Image
Airport lounges typically offer a variety of services

# Comfortable seating areas
# Complimentary food and beverages
# Wi-Fi and charging stations
# Business facilities
# Entertainment
# Showers and restrooms
# Spa services
# Sleeping pods
# Personalized services

(3/n) Image
Read 10 tweets
Jul 24
After a rough 1-2 years, some chemical and chemical-based stocks appear to be showing signs of turnaround

Was looking at Caustic soda co. after the promoters announced preferential allotment

It's a highly cyclical industry...ECU realizations peaked in Nov'22 and seem to have bottomed out around Dec'23

Here's a small 🧵(1/n)Image
What is Caustic Soda?

NaOH is inorganic compound which is highly soluble in water and has capacity to absorb carbon dioxide as well as moisture directly from air

Its chemical name is sodium hydroxide. It is used in making of soap & detergents, drainpipe cleaner etc.

(2/n)
Image
Image
It is primarily produced through the electrolysis of sodium chloride (NaCl) solution in a process known as the chlor-alkali process

3 main types of processes used

a) Mercury Cell Process

b) Diaphragm Cell Process

c) Membrane Cell Process

(3/n)
Image
Image
Read 12 tweets

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