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Samco Securities
February 27, 2025 at 07:09 AM
Kumbh Mela: Analyzing Economic Impact & Benefiting Companies 💰📊 The Maha Kumbh Mela in Prayagraj 🏞️, which concluded on February 26, 2025, witnessed a massive influx of devotees 🙏, with the number of pilgrims surpassing 66 crore—nearly half of India's population Beyond its religious significance 🙏, the event served as a major economic booster 📈 for the country. Over 45 days, the Mela in Uttar Pradesh caused a surge in transactions 💰, with estimated revenue expected to exceed ₹2 lakh crore 💵 The local community has benefited financially, thanks to the profound impact of religious tourism, possibly leading to increased spending on FMCG goods in coming months Several sector-specific companies are expected to report strong earnings this quarter, including 👇 👉 FMCG giants, benefiting from increased consumer demand. 👉 📊 Additionally, the number of visitors at Kumbh Mela 🙏 has grown 11 times in the last 24 years, at a CAGR of 10.51% 📈., which offered a luxury tent city for pilgrims and being a beneficiary of the introduction of special trains to Prayagjraj. 👉 Infrastructure companies benefited as renovation of 92 roads and beautification of 17 major roads were carried out, along with the construction of 30 pontoon bridges 🌉 👉 Airlines ✈️, including 👉 and Alliance Air, as the total number of flights increased to 132, providing around 80,000 monthly seats 👉 Hotels 🏨, which saw a surge in room rates, especially in the Triveni Sangam area 👉 Sanitation and waste management companies, handling the large volume of waste generated during the event Additionally, the number of visitors at Kumbh Mela has grown 11 times in the last 24 years, at a CAGR of 10.51% 📈 📈 With India's rising population and increasing consumption patterns, religious tourism provides a significant opportunity for businesses 💼 to leverage this growing demand, further driving economic growth Stay updated, visit 👉 https://sam-co.in/6S
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