The profit margins of fashion retailers are likely to contract by around 120 bps in FY2024 due to higher discounts and ad spends, despite an estimated 13 per cent revenue growth, the rating agency Icra has said. According to Icra’s recent industry analysis, the operating profit margins of 11 listed retail entities in its sample set, […]
Citykart Pvt. Ltd., one of India’s largest value retailers focusing on family fashion in tier-II and tier-III cities, has released its Q1 revenue report, which reveals the brand’s outstanding financial performance. Citykart’s 93 stores, spread across 71 cities and 7 states, namely UP, Bihar, Assam, Odisha, Tripura, MP, and Chhattisgarh, have demonstrated remarkable double-digit sales […]
The Competition Commission of India (CCI) has approved the acquisition of TCNS Clothing Co. Limited by Aditya Birla Fashion and Retail Limited. The proposed combination involves the acquisition of 51 per cent of the “expanded share capital”. The acquirer Aditya Birla Fashion and Retail Limited is a listed company and is part of the Aditya […]
A recent industry analysis conducted by ICRA foresees that fashion retailers will see a moderation in revenue growth and a decline in operating profit margins (OPMs) in the current fiscal year (FY2024). The report, based on the analysis of 11 listed retail entities, suggests that revenue growth is expected to moderate to 10 per cent, […]
Indian retail entities are all set to see an exuberant year-on-year (YoY) increase in sales of 45 per cent in financial year (FY) 2023 and their operating profit margins (OPMs) are expected to remain range-bound at 7-7.3 per cent, said rating agency ICRA. The rating agency’s recent analysis of the industry stated that this is […]
