Windmill Capital Investor Letter – October 2025 Edition
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Windmill Capital Investor Letter – October 2025 Edition
Windmill Capital covers 5 stories from October: market resurgence, record IPOs, global challenges, corporate resilience and the wild swings in gold & silver and more.
India Auto: Premiumization, Export Surge, And Festive Demand Drive Q2FY26
The September quarter reaffirmed India’s auto resilience; driven by premiumization, exports, and festive demand. Both Hyundai Motor India (HMIL) and TVS Motor Company (TVSL) posted strong profit growth despite input and volume headwinds.
Macro Matters: How India’s Economy Shapes its Sectoral Trends
Economic forces like growth, inflation, and policy decisions ripple through every stock portfolio. Let's break it down in this article.
Google’s $15-bn AI Bet: A New Era for India’s Digital Economy?
Over the past decade, India's data centre market has attracted investments around $6.5 billion with $1.2 billion in revenue in 2024.
India’s Economic Outlook: A Deepavali Message of Optimism
India's economy shows resilience: upgraded credit rating, easing inflation, GST reforms & 6.5% growth. Read our analysis.
Not All That Glitters: What Gold & Silver’s Rally Reveals About the Economy
Gold and silver's record surge have prompted many investors to fear missing out on what appears to be an unstoppable rally.