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.
ICICI Direct Report
As per our channel checks, apparel retail players have witnessed one of their best festive season sales on the back of healthy pent-up demand and strong wedding season. In the pre-festive quarter (Q2 FY22), the revenue recovery rate had already inched up to 80-100% of pre-Covid-19 levels.
On a favourable base of Q3 FY21, we expect our coverage universe to report revenue growth of 28% YoY in Q3 FY22. In a bid to negate inflationary pressure (all-time high yarn prices), apparel retailers are expected to have taken price hikes in the range of 15-20%.
Positive operating leverage and certain rationalisation of fixed overheads are expected to mostly negate inflationary pressure on margins YoY.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR