Dear friends and well-wishers of Kampani Capital,
This summer edition of the monthly newsletter comes from the sunny beaches of Goa! As the sun god rains down its fury across the country and the war clouds continue to stay in the Middle East, it would be a safe assumption to say that the India consumption engine would slow down, more than a bit. Fortunately, that is not what the ground reality is – atleast in sectors like tourism, automobiles and consumer goods.
We just need to look at the long lines of people waiting to check in at hotels across North Goa to confirm that the Great Indian Traveller now ignores soaring temperatures and spiking airfares to do some quality vacation time with family and friends – the high prices of LPG notwithstanding! We are seeing similar growth momentum in the Automobile space with car sales in April higher at ~25% as compared to last year. Electric Vehicle sales are leading the charge, thanks in no small measure to oil-at-the boil. The news is similar in the consumer goods space, which has given out the most interesting news, by far. As the global economic sentiment gets hammered due to the war and oil inflation, we would have thought things would slow down on the consumption side. This prediction has come out unfounded in the Indian FMCG space as global Consumer giants are showing double digit sales growth in India for the 1st quarter CY 2026.
Over the last one month, Sowmya and I have had very interesting discussions with some of our partners in Italy as well as in Asian hubs like Hong Kong. We have also had some very interesting interactions with family offices in these global markets, who continue to look at India as one of their key investment destinations focusing on asset managers as well as direct deals in sectors including the likes Deep Tech, Defence, EV, Manufacturing, Real Estate, Pharma and Healthcare. We were also fortunate enough to meet promoters of some very well-run companies in Pune doing some path breaking work in the space of AI, Fintech and Facility Management.
I cannot end this newsletter without giving all our readers a ground up taste of true India.Over the last few days, I have interacted with young staff at our hotel from 8 different states – Manipur, Mizoram, Nagaland, Orissa, West Bengal, Uttarakhand, Maharashtra and Tamil Nadu. All of them have braved hardships – staying away from home for long periods with hunger in their eyes and a youthful fire in their belly to make it big. AI or no AI, elections or no elections, ladies and gentlemen – this spirit of being ONE is what will take India to the next era of growth!
Till we meet next time, signing off with some tasty local Urrak in my hand!
Amar
Amar Kampani
CEO and Founder,
Kampani Capital (a Division of Anak Consulting LLP)
30th April 2026