Lupin s margin guidance remains around 19.5-20.5%. The company attributes its success to the pivot to complex products, cost-led initiatives, and positive factors like input cost tailwinds. However, there are potential negatives such as disruptions and freight costs that need to be considered. Lupin is just coming to its own in India and would want to replicate this growth.
Credit-driven purchases picked up pace in 2023, with credit card dues surging to a six-year high, gold loans increasing in high teens and vehicle and home loans expanding in double digits year-on-year, showed the latest RBI data.
According to Counterpoint, the share of credit-based purchases of smartphones increased. Sales growth of apparel, footwear, beauty products, and quick service restaurants halved in 2023. Cars and electronics recorded growth mostly in the premium segment.