Consumer Retail Q3 Earnings Review: Anand Rathi
Customers wearing protective masks and other face coverings shop in a supermarket in Mumbai, India. (Photographer Dhiraj Singh/Bloomberg)

Consumer Retail Q3 Earnings Review: Anand Rathi


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 YoY drop in apparel/footwear/department-store Q3 revenue averaged 19%/5%/3% (57%/34%/28% average declines in Q2).

Innerwear continued to be the strongest performing category, averaging approximately 20% YoY growth, driven by continued traction in athleisure and thermal wear sales.

With October-November seeing a strong bounce back, the festival period brought in the much-needed respite to retailers.

Click on the attachment to read the full report:

Anand Rathi Consumer Retail Sector Update.pdf


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