Marico is undoubtedly the gold Standard of FMCG concalls
- Rich disclosures
- Concall always has an insightful commentary from the CEO
- What the company is thinking and doing is clearly told or answered over the call
- Nothing left ambiguous!
No reco.
#FMCGwithJST
More from Aditya Kondawar
Paytmmmmm Karooooooo! Most of us have heard this jingle right?
After the much-celebrated #IPO of Zomato, all eyes are now on #PayTM!
So let's not wait and let's understand everything about PayTM in the below thread 👇
1/
- The DRHP mentions a Rs 16,600 Cr Fundraise
- Split - 50% Fresh, 50% OFS
- Valuation of $25-30 billion targeted from this IPO
Let’s put all of these numbers into perspective here –
2/
Some big numbers, right? Ok back to PayTM now –
What does it do?
Well, it does a lot of things but at the core of it let's term it a fintech company.
- It started as a digital wallet-based platform focused on mobile SIM top-ups and utility payments in 2010
3/
- They pivoted to marketing, mobile phone top-ups, payments, e-comm, then a full-scale fintech services company – The avatar that we see today
- The Paytm ecosystem has payments (wallet / UPI), merchant acquiring, credit, savings, broking, wealth management, and insurance.
4/
Total users - 333 mn
Monthly active users - 50 mn
Merchants - 21.1 mn
RedSeer - Paytm has a payments transaction volume market share of ~40% and wallet payments transaction mkt share of 65-70% in India for FY21
After the much-celebrated #IPO of Zomato, all eyes are now on #PayTM!
So let's not wait and let's understand everything about PayTM in the below thread 👇
1/
- The DRHP mentions a Rs 16,600 Cr Fundraise
- Split - 50% Fresh, 50% OFS
- Valuation of $25-30 billion targeted from this IPO
Let’s put all of these numbers into perspective here –
Paytm Pre IPO info -
— Aditya Kondawar (@aditya_kondawar) July 7, 2021
Unlisted price - \u20b92450-2500
Valuation - \u20b9151,250 Cr
Targeting 25-30bn$ as per various news sources
25 bn $ - \u20b9185,925 Cr
30 bn $ - \u20b9223,110 Cr
6.05 cr shares - FY21 (FV\u20b910)
Recent split to \u20b91 FV, 60.5 Cr shares
Exchange rate 74.37 taken
No reco!
2/
Some big numbers, right? Ok back to PayTM now –
What does it do?
Well, it does a lot of things but at the core of it let's term it a fintech company.
- It started as a digital wallet-based platform focused on mobile SIM top-ups and utility payments in 2010

3/
- They pivoted to marketing, mobile phone top-ups, payments, e-comm, then a full-scale fintech services company – The avatar that we see today
- The Paytm ecosystem has payments (wallet / UPI), merchant acquiring, credit, savings, broking, wealth management, and insurance.

4/
Total users - 333 mn
Monthly active users - 50 mn
Merchants - 21.1 mn
RedSeer - Paytm has a payments transaction volume market share of ~40% and wallet payments transaction mkt share of 65-70% in India for FY21

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1/Politics thread time.
To me, the most important aspect of the 2018 midterms wasn't even about partisan control, but about democracy and voting rights. That's the real battle.
2/The good news: It's now an issue that everyone's talking about, and that everyone cares about.
3/More good news: Florida's proposition to give felons voting rights won. But it didn't just win - it won with substantial support from Republican voters.
That suggests there is still SOME grassroots support for democracy that transcends
4/Yet more good news: Michigan made it easier to vote. Again, by plebiscite, showing broad support for voting rights as an
5/OK, now the bad news.
We seem to have accepted electoral dysfunction in Florida as a permanent thing. The 2000 election has never really
To me, the most important aspect of the 2018 midterms wasn't even about partisan control, but about democracy and voting rights. That's the real battle.
2/The good news: It's now an issue that everyone's talking about, and that everyone cares about.
3/More good news: Florida's proposition to give felons voting rights won. But it didn't just win - it won with substantial support from Republican voters.
That suggests there is still SOME grassroots support for democracy that transcends
4/Yet more good news: Michigan made it easier to vote. Again, by plebiscite, showing broad support for voting rights as an
5/OK, now the bad news.
We seem to have accepted electoral dysfunction in Florida as a permanent thing. The 2000 election has never really
Bad ballot design led to a lot of undervotes for Bill Nelson in Broward Co., possibly even enough to cost him his Senate seat. They do appear to be real undervotes, though, instead of tabulation errors. He doesn't really seem to have a path to victory. https://t.co/utUhY2KTaR
— Nate Silver (@NateSilver538) November 16, 2018