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•       India's Union Budget for 2025-26 reinforces the government's commitment to driving growth, promoting inclusive development, stimulating private sector investments, boosting household confidence and strengthening the purchasing power of the rising middle class.

•       The tax relief, exempting income up to ?12 lakh for the lower middle class, would lead to higher demand for consumption sectors like FMCG, Auto, retail

•       India's plan for 120 new airports and 50 top tourist sites will boost air travel, tourism, and infrastructure.

•       Government's initiative to provide support for nearly 1 crore gig workers would be positive for quick commerce and food delivery business

•       We have designed a basket with 5 companies poised to benefit from the Union Budget announcements.

•  Trent: The government's tax relief for the middle class will increase disposable income and drive consumer spending, supporting Trent’s growth through rapid store expansion, strong brand portfolio, and diversification into beauty, innerwear, and footwear.

•  Interglobe Aviation: The government's push for tourism, regional connectivity with 120 new airports, and increased aircraft procurement will boost air travel demand, benefiting InterGlobe Aviation (IndiGo) through expanded routes, higher fleet utilization, and strengthened international presence.

•  Hero Motocorp: The government's Rural Prosperity and Resilience Program, aimed at boosting rural incomes through skilling, investment, and technology adoption, will enhance purchasing power in rural areas, driving demand for two-wheelers and benefiting Hero MotoCorp’s growth momentum.

•  Tata Consumer: Union Budget announcement, by boosting household confidence and purchasing power, will fuel consumer demand, supporting Tata Consumer's plans to expand its portfolio, strengthen premium and health-focused offerings, and grow its sales and distribution network as a multi-category FMCG player.

•  Zomato: The government's initiative to provide identity cards, e-Shram registration, and healthcare under PM Jan Arogya Yojana for nearly 1 crore gig workers will enhance job security and welfare, benefiting platforms like Zomato by improving worker retention, productivity, and overall service efficiency.     

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