Kotak MF: Apple India FY26 revenue set to double HUL's as premium spend outpaces mass
Structural premiumisation reshaping Indian retail: food's wallet share fell to 46% rural and 39% urban, while premium smartphones above Rs 30,000 grew at 5.9% CAGR vs mass-market's -1.2%. Top-decile urban incomes compounded ~18% vs ~6% for urban mass, fuelling autos, jewellery, OTT and quick commerce.
Kotak MF projects Apple India FY26 revenue to double HUL's as premium spend outpaces mass consumption across smartphones, autos and jewellery.
BL · Consumer & Economy · 5/25/2026, 5:14:38 AM · Ask about this →