Retailers to see higher revenues in Q3FY22: Nirmal Bang report

11 January 2022, Mumbai:

As per a Nirmal Bang report, revenue of Indian retailers is likely to grow during Q3 FY22. Bata India’s revenues will grow by 28 per cent Y-o-Y festive season boosts demand, lockdown across the country eases and the vaccination drive accelerates.

All these factors will lead to higher footfalls in the brand’s retail outlets with other distribution channels continuing to deliver strong growth. A gradual return to work places, increase in social gatherings, festival season, opening up of schools & colleges etc will also contribute to growth in 3QFY22, says a report by the Bloomsberg Quint

V-Mart Retail’s revenues are also likely to grow by 99 per cent during Q3 FY22 due to a low base last year with the addition of ‘unlimited Stores’, festive season and the onset of winter.

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