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

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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

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

(1/n) Image
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

(1/n) Image
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
Mar 3
Did you know Tyres in 2W-4Ws have wires inside them?

Was recently looking at Rajratan Global wire which makes such bead wires used in Tyres

Stock is down from peak of 1,300 to 300 now

Bead wires improve rim grip, air retention and durability

Here's a🧵on Bead wires

(1/n) Image
What is Tyre Bead Wire?

Tyre Bead wire is steel wire made of high-carbon steel whose surface is plated with brass or bronze

Main function of bead wire is to hold tyre on the rim and to resist the action of the inflated pressure, which constantly tries to force it off

(2/n) Image
Bead wire is the crucial link through which vehicle load is transferred from rim to the tyre, which prevents vibration during driving

It significantly affects the safety, strength and the durability of tyres

Tyre bead wire is used in all kinds of automobile tyres

(3/n) Image
Read 11 tweets
Jan 29
Indian listed liquor cos. are doing well on the back of premiumization

Indri whiskey a case in point

Alcohol industry is thriving in India driven by rising incomes, evolving lifestyles

Here's a detailed🧵with charts and data

(1/n) Image
What is Alcohol/Liquor?

Alcohol/Liquor is a beverage made by fermenting or distilling grains, fruits, or sugars. Main ingredient, ethanol, is a psychoactive substance that affects the central nervous system, inducing relaxation, euphoria, or altered perception

Its types

(2/n) Image
Alcohol Vs Spirit:

Alcohol includes any beverage with ethanol, like beer or wine, made through fermentation and having a lower ABV (3-15%)

Spirits, such as whiskey, vodka are distilled beverages with a higher ABV (20-50%+), offering more concentrated and intense flavor

(3/n) Image
Read 11 tweets
Jan 20
In modern packaging, printing product info is legal obligation and key to consumer trust

Coding and marking products by listed co. Control Print ensure traceability, brand protection, compliance

Coding and marking is oligopoly market

Here's a🧵with charts and data (1/n) Image
Coding and marking involves printing or embossing critical information like:

manufacturing dates,
expiry dates,
batch numbers,
barcodes,
QR codes, and
tracking data directly onto product packaging, surfaces, or labels

(2/n) Image
Why do we need Coding & Marking?

-Product Identification
-Traceability
- Regulatory Compliance
-Consumer Safety & Confidence
-Brand Protection & Anti-Counterfeiting
-Inventory Management
-Marketing
-Quality Assurance
-Environmental & Recycling Information
-Legal aspect

(3/n) Image
Image
Read 10 tweets

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