Nikhil Kamath is a prominent Indian entrepreneur, widely recognized as the co-founder of Zerodha, India’s largest discount brokerage firm.
Zerodha started in 2010, transformed the Indian brokerage industry by pioneering a discount brokerage model that drastically lowered trading costs for retail investors. Today, the firm serves over 10 million clients, establishing itself as a leader in the Indian stock market. In addition to his work with Zerodha, Nikhil Kamath has built a diverse investment portfolio that includes both public stocks and private startups.
Here are two stocks in which Nikhil Kamath has a stake:
Nazara Technologies Ltd
Nazara Technologies is the largest India-based diversified gaming and sports media platform, with a presence in India and growing markets such as Africa and North America. It offers interactive gaming, eSports, and gamified early learning ecosystems.
In January 2024, Nikhil Kamath made a investment of ₹100 crore in Nazara Technologies Ltd. By the end of the June quarter, Kamath Associates held a 1.97% stake in the company.
Nazara Technologies Ltd. generates its revenue primarily from three segments: 36% from gaming, 55% from esports, and 9% from adtech. Geographically, 45% of the company’s revenue comes from India, 39% from North America, and the remaining 16% from other global markets.
Year-to-date, the company’s shares have risen by 9%, and over the past 12 months, they have surged by 41%.
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For FY23-24, Nazara Technologies reported a 4.4% year-on-year increase in revenue, growing from ₹1,091 crore in FY22-23 to ₹1,138 crore. During the same period, net profit jumped by 23%, from ₹61 crore to ₹75 crore.
As of August 16th, Nazara Technologies Ltd.’s shares were trading at ₹946.40 per share, up 2.6% from the previous close, with a market capitalization of ₹7,130 crore.
Recently, Nazara Technologies Ltd. acquired a 100% stake in UK-based Fusebox Games Ltd. for ₹228 crore (approximately US$27.2 million). This acquisition
strengthens Nazara’s position as a global gaming company of significant scale, providing access to Fusebox’s robust relationships with global rights holders and its reputation for delivering high-quality content, unlocking additional value and revenue streams for brands.
As of the June 2024 shareholding pattern, the promoters of Nazara Technologies Ltd. hold a 10.05% stake, while Foreign Institutional Investors (FIIs) hold 6.05%. Domestic Institutional Investors (DIIs) and retail investors hold 16.76% and 67.13% stakes, respectively.
Radico Khaitan Ltd
Radico Khaitan Limited is among the oldest and largest manufacturers of IMFL in India. Radico Khaitan manufactures industrial alcohol, Indian Foreign Liquor (IMFL), country liquor, and fertilizers in india. Some of the company’s famous brands include Magic Moments Vodka, 8 PM Premium Black Whisky, Morpheus Super Premium Brandy, Royal Ranthambore, and many more.
Radico Khaitan Ltd has firmly established itself as the dominant player in India’s super-premium brandy segment, holding an impressive 64% market share with its flagship brand, Morpheus Super Premium Brandy.
In July 2024, Nikhil Kamath made a significant investment of approximately ₹400 crore in Radico Khaitan, acquiring a stake of around 1.6-1.7% in the company.
The company operates two state-of-the-art distilleries: Rampur Distillery in Uttar Pradesh and Radico NV Distilleries Maharashtra Limited in Aurangabad, Maharashtra. Together, these facilities boast a production capacity exceeding 157 million liters and include 28 bottling units.
Radico Khaitan’s Jaisalmer Gin holds a commanding 50% market share in India’s premium gin category and is distributed in approximately 30 countries worldwide and 22 states within India.
In FY23-24, the company achieved a strong 31% year-on-year revenue growth, rising from ₹3,133 crore in FY22-23 to ₹4,119 crore. Meanwhile, net profit increased by 25%, from ₹204 crore to ₹256 crore. Over the past 12 months, the company’s shares have appreciated by 23%.
Looking ahead, Radico Khaitan’s management is targeting a 15-18% volume growth in the Prestige & Above segment in the near term, driven by new product launches and increased marketing efforts. They also aim to enhance EBITDA margins to around 18% over the next three years, up from the 14-15% exit rate in FY2024, by leveraging operational efficiencies from new capacities and a more favorable product mix.
As of August 16th, Radico Khaitan Ltd shares were trading at ₹1,642.10 per share, reflecting a 0.38% decline from the previous close, with a market capitalization of ₹22,094 crore.
Written by Omkar Chitnis
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