GST boost to lift consumer stocks; Elara's Karan Taurani favours Nykaa, Trent, United Spirits
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Discretionary consumption could see a stronger October-December quarter of 2026 as GST cuts reach smaller categories.
- ✓Karan Taurani of Elara Capital said, "The GST cut has happened invariably in some of most of these categories, but it's going to follow up with a lag." He currently favours Nykaa, Trent, and United Spirits.
Story at a Glance
- Category
- MARKET
- Reported By
- cnbctv18
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
Discretionary consumption could see a stronger October-December quarter of 2026 (Q3FY27) as the benefit of last year's goods and services tax (GST) cuts starts reaching smaller categories such as apparel, footwear and food, according to Karan Taurani, Executive Vice President at Elara Capital.
Taurani said the GST-led consumption boost initially benefited categories such as automobiles and white goods, where consumer savings were higher. However, he expects the impact to reach other discretionary categories with a lag. With the festive season shifting towards the third quarter, he expects the October-December quarter of 2026 (Q3FY27) growth to be better than the July-September quarter of 2026 (Q2FY27) for most companies in the segment.
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