Allied Blenders, Arvind Fashions, Aditya Vision — Top Stock Picks By Systematix In Consumer Discretionary

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. 

Systematix Report

The broader consumption environment in Q1 FY26 continued to reflect signs of moderation, with persistent muted demand conditions. Urban discretionary demand remained soft, whereas Tier 2 and Tier 3 towns outperformed.

Overall consumption trends during the quarter were mixed across categories. The value fashion segment witnessed moderation in its growth trajectory, though companies continued to maintain double-digit growth supported by expansion in Tier 2 and 3 towns.

The alcoholic beverages sector posted healthy growth, driven by robust performance in the premium and prestige segments, alongside a recovery in the mass portfolio on a low base. Organised jewellery retailers delivered strong double-digit growth, aided by revival in wedding demand, Akshaya Tritiya, and higher gold prices.

In contrast, the QSR sector reported muted growth, impacted by weak discretionary spending in urban markets and intensifying competition, which pressured same-store sales growth.

Looking ahead, growth in Q2 and Q3 FY26 is expected to be supported by festive triggers.

Our preferred stock picks in the current environment include Allied Blenders and Distillers, Arvind Fashions, and Aditya Vision.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.