Nifty50’s EPS growth moderated to 6% YOY in FY25 (from 24% CAGR over FY21-24) whilst valuations remain elevated (21x FY26 P/E for Nifty50). In stark contrast, Marcellus’ CCP portfolio’s earnings ...

Secondly, at a time when interest rates are likely to rise across the world with wars raging on multiple continents, Global Wealth Builder has historically provided downside protection. Both the live ...

“People first” is the most overused phrase in business, and the least believed. In our new book, The Art of Enduring, we found that the companies that truly live it share two habits: they empower ...

We provide time-tested wealth generation for everyone At Marcellus, our purpose is to make wealth creation simple and accessible We do this by being trustworthy and transparent capital allocators. Our ...

Over an extended period of time, it is hard to make money in Retailing. In this newsletter, we discuss a subset of retailing – apparel retailing – and how the principles that underpin the business ...

India’s wealthy aspire to retire early, start businesses, and fund children’s futures, but lack the roadmap to get there. Marcellus, in collaboration with Dun & Bradstreet, conducted the ‘India Wealth ...

Among the myriad ways AI is disrupting the world is an age-old electrical technology – transformers. Transformers are ubiquitous in their use for transport and use of electricity – they ‘step up’ or ...

Consumption patterns show that India’s urban middle class is suffering. We believe that there are 3 reasons for this: (a) In offices & factories, technology is replacing humans in jobs entailing ...

Calendar year 2023 ended with Marcellus’ CCP portfolio generating 16% returns with 6% underperformance against Nifty50 TRI, supported by a recovery in performance from April 2023 onwards (1 st Apr ...

It is rare to find an Indian pharma company which makes systematic investments towards building the customer’s trust, improving compliance and ramping up manufacturing efficiency. Divis Labs is one ...

Performance of Marcellus’ CCP portfolio has turned a corner in absolute returns over the last 18 months and in relative returns (relative to Nifty50 TRI) over the last six months. This is attributed ...

Following up on the pieces on Hermès we featured in the past two months is this long read on Bloomberg about the only other luxury goods company that comes close to Hermes – LVMH (Louis Vuitton Moet ...