Anand Rathi: Consumer Retail Firms Focus On Greater Operational Efficiency, Cost Structure Optimisation
Anand Rathi: Consumer Retail Firms Focus On Greater Operational Efficiency, Cost Structure Optimisation
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Anand Rathi Report
Fourth quarter for fiscal 20 consumer retail revenue showed an on average slid of approximately 14.2% y/y, from ~9.5% growth in third quarter.
Apparel, innerwear, footwear fell 13%/28%/12%, while department store revenue grew ~9.8% YoY. Comparable consumer retail Ebitda fell ~55% y/y (2.7% growth in Q3). While over 50% retail stores are now operational, category-wise recovery may differ.
Measures of retail companies now focus on greater operational efficiency, cost structure optimisation. The extent to which this can be managed will need to be watched.
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