Retail Sector Q4 Earnings Preview - Localised Lockdowns Hampering Pace Of Revenue Recovery: ICICI Direct 
Various brand of oil products kept on shelves in DMart. (Photo: BloombergQuint)

Retail Sector Q4 Earnings Preview - Localised Lockdowns Hampering Pace Of Revenue Recovery: ICICI Direct 

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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 Direct Report

Improved consumer sentiments and festive boost enabled retail players to witness ~70-80% revenue recovery rate in Q3 FY21.

While January continued to witness decent demand offtake, rise in number of Covid-19 cases and several restrictions in March, hampered growth aspirations of retail companies.

On an adjusted base of Q4 FY20 (normalised), average recovery rate for apparel retailers is expected to be in the range of 80-85%.

We expect categories like jewellery, open footwear, athleisure wear, kitchen appliances to sustain healthy growth trajectory compared to apparels and other accessories.

Click on the attachment to read the full report:

ICICI Direct Retail Q4FY21 Results Preview.pdf

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