Market & Forensics Analyst, Beat the Street

Nimish Maheshwari

Market & Forensics Analyst

Beat the Street

Beat The Street was founded by Nimish Maheshwari and Sudarshan Bhandari, both of whom are Chartered Accountants by Profession, known for their expert analysis in the fields of Business, Sectoral analysis, and Corporate governance.

With a strong social media presence of 45,000+ Subscribers across various platforms, they are considered trusted voices in the industry. Their insights and analysis have been featured in some of India’s most prominent publications, including the Economic Times, Dalal Street Investment Journal, The Morning Context, and The Ken.

Their analysis on Bankrupt & Insolvent companies has been instrumental in saving investors from significant losses. They have a keen eye for identifying red flags and has identified exclusive redflags earlier in Vedanta, Nykaa, Dhani Services, Adani and many more.

Read Business Not Stock Prices

Thematic (Sector/Industry)

<ul>
<li>The GST Council has simplified India’s indirect tax structure, cutting rates across daily essentials and consolidating slabs into 5% and 18%, with a new 40% bracket for sin goods.</li>
<li>
Consumption accounts for over 60% of GDP, and this tax reset is designed to revive household demand. We expect a 0.5-1% boost to GDP growth over the next 4–6 quarters.</li>
<li>
FMCG companies with price-sensitive portfolios, biscuits, hair oils, shampoo sachets, stand to gain most. Retailers and QSRs will ride the consumption uplift, while tobacco taxation remains unresolved beyond 2025.</li>
</ul>


The GST Council has simplified India’s indirect tax structure, cutting rates across daily essentials and consolidating slabs into 5% and 18%, with a new 40% bracket for sin goods.

Consumption accounts for over 60% of GDP, and this tax reset is designed to revive household demand. We expect a 0.5-1% boost to GDP growth over the next 4–6 quarters.

FMCG companies with price-sensitive portfolios, biscuits, hair oils, shampoo sachets, stand to gain most. Retailers and QSRs will ride the consumption uplift, while tobacco taxation remains unresolved beyond 2025.


GST 2.0: Will India’s Biggest Tax Reset Spark a Consumption Boom or Drive Margin Expansion?

Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Capital Markets

National Stock Exchange of India / Equity Capital Markets

National Stock Exchange of India (NSE IN)

<ul>
<li>
<a href="https://www.smartkarma.com/entities/national-stock-exchange" target="_blank" data-smartkarma-citation="entities:23751:1" rel="noopener">National Stock Exchange (NSEIN IN)</a> raised about US$2.4bn in its India IPO.</li>
<li>NSE operates electronic platforms for trading equities, derivatives, currencies, and debt securities, also earning revenue from clearing and settlement services, market data, index licensing, listing fees, connectivity, and technology services.</li>
<li>We have looked at the company’s past performance and valuations in our previous note. In this note, we will talk about the trading dynamics.</li>
</ul>



National Stock Exchange (NSEIN IN) raised about US$2.4bn in its India IPO.
NSE operates electronic platforms for trading equities, derivatives, currencies, and debt securities, also earning revenue from clearing and settlement services, market data, index licensing, listing fees, connectivity, and technology services.
We have looked at the company’s past performance and valuations in our previous note. In this note, we will talk about the trading dynamics.


Aequtias: NSE IPO Trading - Weakish Demand Probably Flattish Debut

India Equity Analyst - Fundamental & Thematic, Beat the Street

Sudarshan Bhandari

India Equity Analyst - Fundamental & Thematic

<ul>
<li>Since 2021, coffee prices have surged up to 300%, driven by supply disruptions in major producers like Brazil and Vietnam. Recent price corrections provides relief still volatility remains high. </li>
<li>The price fluctuations directly affect Indian coffee processors, with increased working capital requirements and lower PAT margin. Stabilizing prices can improve profitability and working capital cycles. </li>
<li>
FMCG giants like Nestle and Tata Consumer Products faced margin pressures due to volatile coffee prices. While recent declines provide relief, continued price uncertainty requires adaptive strategies for cost management.</li>
</ul>


Since 2021, coffee prices have surged up to 300%, driven by supply disruptions in major producers like Brazil and Vietnam. Recent price corrections provides relief still volatility remains high. 
The price fluctuations directly affect Indian coffee processors, with increased working capital requirements and lower PAT margin. Stabilizing prices can improve profitability and working capital cycles. 

FMCG giants like Nestle and Tata Consumer Products faced margin pressures due to volatile coffee prices. While recent declines provide relief, continued price uncertainty requires adaptive strategies for cost management.


Thematic Report on the Coffee Price Rollercoaster: Implications for India’s FMCG & Processing Sector

<ul>
<li>India ranks third globally in power generation growth, with 83% of investment in clean energy and strong foreign interest driven by supportive government policies.</li>
<li>McKinsey projects India could unlock USD 2 trillion across 18 high-growth sectors by 2030, potentially contributing 30 percent to incremental GDP by 2040.</li>
<li>
<a href="https://www.smartkarma.com/entities/tata-consumer-products" target="_blank" data-smartkarma-citation="entities:258:1" rel="noopener">Tata Consumer Products (TATACONS IN)</a> is embedding AI across operations to drive speed, precision, and hyper personalised engagement, signaling a bold digital pivot to redefine its FMCG growth trajectory.</li>
</ul>


India ranks third globally in power generation growth, with 83% of investment in clean energy and strong foreign interest driven by supportive government policies.
McKinsey projects India could unlock USD 2 trillion across 18 high-growth sectors by 2030, potentially contributing 30 percent to incremental GDP by 2040.

Tata Consumer Products (TATACONS IN) is embedding AI across operations to drive speed, precision, and hyper personalised engagement, signaling a bold digital pivot to redefine its FMCG growth trajectory.


#165 India Insights: India’s Clean Power Surge, $2T Growth Outlook, Tata Consumer Bets on AI

<ul>
<li>
<a href="https://www.smartkarma.com/entities/tata-consumer-products" target="_blank" data-smartkarma-citation="entities:258:1" rel="noopener">Tata Consumer Products (TATACONS IN)</a> chairman highlights India’s strong growth outlook, emerging trends like GenAI, and the nation’s stability.</li>
<li>India's space sector, driven by state-level policies and private investments, is set to reach $44 billion by 2033.</li>
<li>JSW Steel's 50 MT capacity target by FY31 remains intact despite Bhushan setback, focusing on brownfield and greenfield expansions.</li>
</ul>



Tata Consumer Products (TATACONS IN) chairman highlights India’s strong growth outlook, emerging trends like GenAI, and the nation’s stability.
India's space sector, driven by state-level policies and private investments, is set to reach $44 billion by 2033.
JSW Steel's 50 MT capacity target by FY31 remains intact despite Bhushan setback, focusing on brownfield and greenfield expansions.


#154 India Insights: GenAI, $44B Space Sector Boom, JSW Steel's Capacity Target On Track

India

Tata Consumer Products Limited produces food and beverage products. The Company manufactures, sells, and exports tea, coffee, salt, oil, pulses, spices, and food products. Tata Consumer Products serves customers worldwide.

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Tata Consumer Products (TATACONS IN)

GST 2.0: Will India’s Biggest Tax Reset Spark a Consumption Boom or Drive Margin Expansion?

India's GST Council cuts rates on essentials, simplifies tax structure to boost household demand and GDP growth, benefiting FMCG companies and...

Nimish Maheshwari

Aequtias: NSE IPO Trading - Weakish Demand Probably Flattish Debut

National Stock Exchange (NSEIN IN) raised about US$2.4bn in its India IPO. In this note, we talk about the trading dynamics.

Sumeet Singh

Thematic Report on the Coffee Price Rollercoaster: Implications for India’s FMCG & Processing Sector

Coffee prices have dropped 25% since last 3 months, impacting Indian processors and FMCG giants. Stabilizing prices crucial for profitability and...

Sudarshan Bhandari

#165 India Insights: India’s Clean Power Surge, $2T Growth Outlook, Tata Consumer Bets on AI

India's strong growth in clean energy and government support could lead to significant economic gains, while Tata Consumer Products is embracing...

Sudarshan Bhandari

#154 India Insights: GenAI, $44B Space Sector Boom, JSW Steel's Capacity Target On Track

Tata Consumer Products chairman optimistic about India's growth, space sector projected to reach $44 billion by 2033, JSW Steel maintains 50 MT...

Sudarshan Bhandari

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

GST 2.0: Will India’s Biggest Tax Reset Spark a Consumption Boom or Drive Margin Expansion?

​India's GST Council cuts rates on essentials, simplifies tax structure to boost household demand and GDP growth, benefiting FMCG companies and...

Nimish Maheshwari

Aequtias: NSE IPO Trading - Weakish Demand Probably Flattish Debut

National Stock Exchange (NSEIN IN) raised about US$2.4bn in its India IPO. In this note, we talk about the trading dynamics.

Sumeet Singh

Thematic Report on the Coffee Price Rollercoaster: Implications for India’s FMCG & Processing Sector

​Coffee prices have dropped 25% since last 3 months, impacting Indian processors and FMCG giants. Stabilizing prices crucial for profitability and...

Sudarshan Bhandari

#165 India Insights: India’s Clean Power Surge, $2T Growth Outlook, Tata Consumer Bets on AI

​India's strong growth in clean energy and government support could lead to significant economic gains, while Tata Consumer Products is embracing...

Sudarshan Bhandari

#154 India Insights: GenAI, $44B Space Sector Boom, JSW Steel's Capacity Target On Track

​Tata Consumer Products chairman optimistic about India's growth, space sector projected to reach $44 billion by 2033, JSW Steel maintains 50 MT...

Sudarshan Bhandari

India's GST Council cuts rates on essentials, simplifies tax structure to boost household demand and GDP growth, benefiting FMCG companies and...

Coffee prices have dropped 25% since last 3 months, impacting Indian processors and FMCG giants. Stabilizing prices crucial for profitability and...

India's strong growth in clean energy and government support could lead to significant economic gains, while Tata Consumer Products is embracing...

Tata Consumer Products chairman optimistic about India's growth, space sector projected to reach $44 billion by 2033, JSW Steel maintains 50 MT...