BofA Securities
Ask about this →0 mentions · last seen 6/5/2026
Signals
BofA backs India's affluent consumer; jewellery, premium retail seen most resilient into H2 FY26
BofA Securities' Aditya Mathur expects India's consumption recovery to gain pace in H2 FY26, with jewellery, premium retail and select staples leading. Affluent demand remains firm, though inflation and Middle East tensions cloud FY27 volume outlook. Nuvama echoes the premium tilt.
NDTV Profit · 6/2/2026, 9:47:33 AM
PM Modi urges Indians to defer gold, foreign travel as rupee hits 95.75; jewellery and travel retail face demand squeeze
CEA Nageswaran flags rupee defence as FY27 priority after 6% YTD slide and $23bn FPI outflows. Modi's swadeshi pitch—delay gold buys, skip overseas trips, prefer local goods—directly hits jewellery chains, outbound travel agents, and import-heavy premium retail, while tilting wallet share to domestic brands.
Indian Express · Business · 5/15/2026, 1:50:32 AM
Rupee at record 95.75/USD; PM urges Indians to skip foreign trips, gold, imports — retail tailwind
CEA Nageswaran flags halting rupee fall as FY27 priority after 5% slide, $23bn FPI exodus and CAD breaching 2% of GDP. Modi's swadeshi nudge — avoid non-essential overseas travel, gold buys, favour local goods — could redirect discretionary wallets toward domestic retail and Make-in-India brands.
Indian Express · Business · 5/15/2026, 1:48:41 AM
Lenskart early backers offload ₹3,861 Cr post lock-in; BlackRock, Fidelity, ICICI Pru step in
Alpha Wave, BirdsEye and TR Capital sold 8.15 Cr Lenskart shares at ₹473.4 apiece — a 3.7% discount — in block deals after the six-month IPO lock-in expired on 104.7 Cr shares. BlackRock, Citigroup, Fidelity, HDFC MF and ICICI Pru absorbed the supply, signalling institutional rotation rather than exit pressure on the 3,144-store eyewear major.
Inc42 · 5/13/2026, 8:48:17 PM