"These 3 IPL Stocks Could Explode This Season - Are You Watching?"

There are many cricket fans who get excited and love watching Indian Premier League (IPL), the same goes to few companies who get direct benefit because of the IPL & able to generate huge revenue and earnings. Some companies show a strong up move in their quarterly results of June specially because of IPL due to subscription revenue & franchise earnings part. In the last fiscal year i.e. FY24 all the franchises of IPL together earn approximately ₹6,797 crore which is more than double from its previous FY23 that is nearly about ₹ 3,082 crore.

Reliance Industries Ltd

This company appear in our IPL stock list not only because it has “Mumbai Indians” as an IPL franchise team, but because of its strong media portfolio which is crucial component for IPL. The company’s bold move for acquiring streaming rights of IPL is a game-changer. The advertising revenue has increased by 50% year-on-year. Jio TV a popular IPL streaming app in owned by its subsidiary call Network 18, consistently shows revenue spikes during the IPL season. Consider June 2024 quarter for example, where Network 18’s sales increased by over 28%. Moreover, Reliance Industries hold 63.16% stake in Jio Hotstar, which would not only earn revenue by only ads this time but also with subscription also. Jio Hotstar has set a target to earn approximately ₹4,500 during this IPL season. In addition to this, it takes minimum 3 GB of data to perfectly stream an IPL match in good quality, which would eventually need Jio customers to upgrade their data plans. Hence, Reliance industries has built a strong eco-system which would directly & indirectly leads to a higher business operations growth.

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Chalet Hotels Ltd

The company own, develop, and operate many high-end hotels in both Mumbai & Delhi NCR. These two cities are the most hosted cities of IPL matches. IPL teams have previously stayed in their hotels and occupancy showcase a huge surge during the IPL season. As per the recent data, the company has total 11 number of hotels with 3,193 rooms along with 2.4 million square feet of commercial space. The company leverage its partnership with hotel chains like Marriott & Accor to get a global reach. The company focuses on events like meetings, conferences, exhibitions and more to boost its sales volume. The company have a planned capex of ₹2,000 crores to add new 1,175 rooms.

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Jubilant Foodworks Ltd

This is the exclusive franchise of Domino’s in India with over 3,260 stores in India and five other countries such as Turkey & Bangladesh. The company is a dominant for in the QSR pizza market with 70% market share. During the IPL season the company experience a sharp upsurge in pizza demands for both stadiums and home deliveries. The company have recorded a highest-ever sales of pizzas in cricket stadium in 2023. Their own delivery channels and free pizza delivery campaign during IPL time is one of the key steps company has taken for further sales increase. Due to this, company achieves a sales growth of 22.88% in June quarter of FY 24.

DISCLAIMER: we are not SEBI –registered, all the above information is for education purpose only, consult with your financial advisor or do your own research before investment.