BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Anand Rathi Report
The lifting of restrictions and rise in operating days led to discretionary retail’s sequentially better performance.
Apparel/footwear/department store revenues averaged 57%/34%/28% YoY drops (89%/67%/58% in Q1).
Growth in the less-discretionary innerwear averaged 4% YoY led by innerwear, athleisure and thermal-wear demand.
E-commerce continued to gain considerable traction, growing more than 1.5 times-2 times for most (Shoppers Stop Ltd., Trent Ltd., Adity Birla Fashion & Retail Ltd., TCNS Clothing Company Ltd., Page Industries Ltd., Dollar Industries Ltd., Khadim India Ltd., Arvind Fashions Ltd.).
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