Crisil: Apparel retailers on higher growth trajectory this fiscal
10 March 2022, Mumbai:
After declining 40% last fiscal because of Covid-19, revenue of brick and mortar (B&M) apparel retailers will grow 20- 25% on-year this fiscal, driven by a strong recovery in demand despite the third wave of the pandemic, said Crisil.
ALSO READ: CRISIL report: INDIA’S CORPORATE PROFITABILITY DROPS 120 BPS IN Q3
Apparel retailers, which could barely break even last fiscal, should log operating margins of 5-7% this fiscal — compared with about 9% pre-pandemic — backed by improving operating leverage, continued cost rationalisation, and prudent inventory management.
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CREDITS: ET.
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