Consumer Retail Q4 Result Review - Cost Structure Optimisation: Anand Rathi
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Anand Rathi Report
As consumer demand moved toward normal, innerwear/apparel/ footwear/department-store Q4 revenue growth averaged 72%/0.4%/ 35%/12% year-on-year.
Innerwear continued to be the strongest category in Q4 and in FY21 was driven by market-share gains and continued traction in athleisure.
Covid-19 triggered restrictions and regional lockdowns halted the recovery toward end-Q4.
Most companies expect gradual recovery from Q2 FY22 with pent-up demand, the festival season and easing of restrictions.
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