Kotak MF: Premium spending surges as mass consumption lags; Apple India FY26 revenue seen at 2x HUL
Kotak MF report flags a sharp K-shaped split in Indian consumption. Food wallet share dropped to 46% rural and 39% urban, while premium smartphones grew 5.9% CAGR vs -1.2% for mass. Urban wealthy incomes compounding 18% vs 6% for mass households (FY20-25). Apple India FY26 revenue projected at twice HUL's.
Kotak MF flags K-shaped India consumption: premium surges, mass lags, and Apple India FY26 revenue is projected at twice HUL's topline.
The Hindu BusinessLine · 5/25/2026, 5:13:54 AM · Ask about this →