Branded Apparels  - Demand Recovery Getting Delayed; Structural Growth Story Intact: ICICI Securities
A woman browses clothing inside a fashion store in Chennai, Tamil Nadu. (Photographer: Sanjit Das/Bloomberg)

Branded Apparels - Demand Recovery Getting Delayed; Structural Growth Story Intact: ICICI Securities

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 Securities Report

Apparel brands, retail companies under our coverage are likely to report low single digit revenue growth YoY in Q4 FY21 despite low base implying ~80-85% pre-Covid-19 recovery.

While January-February 2021 likely witnessed improved footfalls owing to end of season sales and declining Covid cases, the same may be impacted again from the second half of March 2021 owing to rising Covid cases.

Coupled with temporary shutdown of malls, stores in Maharashtra and various restrictions imposed by different state governments to combat the spread of Covid, near-term growth, profitability of companies may be impacted.

Click on the attachment to read the full report:

ICICI Securiteies Q4FY21 Branded Apparels Preview.pdf

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.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.