Shibani Sircar Kurian highlights that the consumption sector has underperformed over the past few years, but early signs of a revival are visible. While staples are gaining some investor interest due to attractive valuations, her preference remains for discretionary consumption. She cites positive monsoon trends, a rise in rural wages, and controlled food inflation as key rural tailwinds. Additionally, she mentions supportive policy actions such as tax benefits and interest rate cuts, which are expected to boost middle-income household consumption. She favors mass discretionary plays such as two-wheelers, select consumer durables, airlines, and retail.
