Here are the top performing consumption stocks of 2023 so far

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₹8 billion. India is one of the world's fastest-growing economies and has the largest young population, and Trent plans to capitalise on this growth. The company recently launched 'Samoh', a luxury clothing brand, and opened its first store in April 2023.

It also plans to open stores of this brand across the country and take the count from one to 10 in a year. Trent has also ventured into emerging sectors such as beauty and personal care, which will help drive top line growth. Despite strong economic headwinds such as inflation and rising interest rates, the company's revenue grew by 82.7% in the financial year 2023.

Net profit increased tenfold. Growth was primarily led by the company's expansion plans. With strong financial performance, a promising expansion plan, and a favourable position within the retail industry, Trent is well-prepared to capitalise on the recovery of discretionary consumption in the Indian market.

Next on the list is DLF. The company is one the leading brands in the Indian real estate sector. It has a vast experience of 75 years in developing residential and commercial projects.

It has a strong presence in Gurugram, which is to DLF what Mumbai is to Godrej. (In 2023 so far, shares of DLF are up 52%. The DLF group enjoys a low-cost and fully paid-up land bank, with well-located parcels across multiple cities and having diverse land usages.

This in turn provides strong visibility to launches. In the past five years the company has been reducing its debt dramatically, which is often the main reason why a real estate company shuts shop. At present, its debt-to-equity ratio stands at a respectable 0.1x.