The rating agency Icra in a report has said that apparel exports are expected to improve from H2 FY2024, on the back of expected demand recovery in the United States (US) and European Union (EU) regions. The rating agency expects its sample companies to report a mild two to three per cent year-on-year (YoY) revenue […]
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, […]
The rating agency Icra has projected the year-on-year (YoY) growth of the gross domestic product (GDP) in Q4 FY2023 at 4.9 per cent, a modest step-up from the 4.4 per cent recorded in Q3 FY2023. The gross value added (GVA) growth is seen at a higher 5.1 per cent in Q4 FY2023 (+4.6 per cent […]
The rating agency Icra estimated the organised jewellery retailers in India to continue to outpace the industry in FY2024, aided by planned store additions by a majority of large jewellery retailers and market share gains due to the accelerated formalisation of the industry. The rating agency estimated its sample set of 12 major organised jewellers […]
The retail assets under management (AUM) of non-banking financial companies (NBFCs) are likely to witness a healthy growth of 12-14 per cent in the fiscal year 2024, the rating agency Icra said in a report. This follows a strong rebound in FY2023 and surpasses the earlier estimates for AUM growth, according to Icra. As of […]
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 […]
Organised jewellery retailers in India are expected to continue outpacing the industry over the medium term, owing to industry tailwinds such as an accelerated shift in market demand from unorganised retailers and planned expansion of retail presence to capitalise on the tailwinds, according to credit rating agency ICRA. In its most recent research report, the […]
