“Urges caution on the consumption theme for the next two quarters, primarily due to the persistent El Niño-linked monsoon risk. He suggests a lighter touch on consumer discretionary names, but if forced to invest, recommends concentrating in large-cap FMCG names like HUL and Nestle due to their brand depth and distribution strength to weather a rural demand slowdown.”

Sudip Bandyopadhyay’s track record: 8 graded calls · 95% CI 14–69%