Retail Sector Q3 Earnings Preview: Growth From Pre-Covid Levels Likely To Start In H1 FY22, Says Nirmal Bang
A customer pushes a shopping cart along a food aisle while shopping inside a local supermarket. (Photographer: Yorgos Karahalis/Bloomberg)

Retail Sector Q3 Earnings Preview: Growth From Pre-Covid Levels Likely To Start In H1 FY22, Says Nirmal Bang

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Nirmal Bang Report

The Indian retail sector was hit badly due to the Covid-19 pandemic in H1 FY21 but has been rapidly normalising since the opening up that started in a material way in Q2 FY21.

Typically, this is also the quarter which sees higher average selling price products being sold which results in better margins.

As the fear of the virus seems to be receding and the government is about to embark on a large-scale vaccination exercise, we believe that the retail sector will be back in good shape by H1 FY22.

Click on the attachment to read the full report:

Nirmal Bang Retail Sector Update and Q3FY21 Result Preview - 7 January 2021.pdf

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