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How 2Point2 Capital’s bet on Safari got it a suitcase full of returns

How 2Point2 Capital’s bet on Safari got it a suitcase full of returns

Sudhir Jatia, chairman and MD, Safari Industries India

Synopsis

Under industry veteran Sudhir Jatia, Safari’s topline has recorded a CAGR of 29% over the last decade. In comparison, this stands at 10% for market leader VIP. Despite being a mass-market brand, Safari not only survived the pandemic but also has emerged stronger, eating into the market share of unorganised luggage makers as well as premium brands.

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10 mins read, Last Updated:
When Savi Jain, co-founder of 2Point2 Capital Advisors, a portfolio management service (PMS) fund, took a bet on Safari Industries in 2016, the company had a market capitalisation of less than INR400 crore. As a value investor, Jain always looks for stocks trading at a lower valuation but have huge potential to do well in the future. He typically hunts for small-cap stocks where he can take a concentrated position for a longer period and wait

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