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.
Nirmal Bang Report
In Q3 FY21, a higher level of retail opening up, pent up demand and festive boost enabled retail players to witness a 70-80% revenue recovery rate.
While January and February continued to witness decent demand offtake, owing to sales events and declining Covid cases, a sudden rise in the number of cases in the past few weeks has dampened the growth picture for FY22 for retail companies.
Retail companies could be looking at a slump in demand in H1 FY22 compared to earlier expectations as partial lockdowns, closure of malls and curbs on late evening movement keep consumers home-bound.
The earlier expectation that the companies would return to normal business by H1 FY22 has been dashed.
However, we believe that with the vaccination drive underway, the retail sector will be back in good shape by H2 FY22.
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