ICRA

Following a 51% YoY (year-over-year) revenue growth in the fiscal year 2023, the fashion retail industry is anticipated to experience a slowdown in the current fiscal year due to inflationary pressures, according to ICRA Bengaluru: Demand pressures and inflationary headwinds are...

Icra expects industry growth to moderate to 8-10% YoY (in value terms) in FY24 with volume growth likely to remain constrained by expected volatility in gold prices amidst global macro-economic uncertainties and evolving domestic inflation Mumbai: The organised jewellery retailers...

The stores will be added with an estimated capex at around Rs. 5,800 crore (excluding refurbishment) for this period, twice that of the levels seen during the pre-Covid era, as per ICRA Mumbai: The top five players in the domestic quick-service...

The Air Conditioner (AC) makers are expected to register an operating profit margin of 8.8-9.2% in FY24 Mumbai: On the back of a record 26-28% volume growth in FY23, the air conditioner market is set to log in another healthy...

The sales growth will led by a pick-up in discretionary spending and normalisation of store operations, post-pandemic Bengaluru: Fashion retail entities are expected to witness an encouraging 45% year-on-year (YoY) increase in sales in fiscal year (FY) 2023, as per a...

Organised jewellery retailers’ revenue likely to grow by 20% year-on-year in the financial year 2023 and by 10% year-on-year in the financial year 2024 New Delhi: Organised jewellery retailers in India may continue to outpace the industry over the medium term on...

The expected Jewellery industry growth will be driven by robust growth in the first quarter of FY23 along with steady wedding and festive demand Mumbai: The domestic jewellery industry, which recorded healthy sales during the festival period, is expected to...

The demand for jewellery in India is expected to contract in the second and third quarters of fiscal year 2023 due to a combination of factors including the recent hike in import duty on gold, high volatility in prices...

Rating agency ICRA on Wednesday said the textile industry's performance will recover to pre-Covid levels in the next fiscal on account of boost in demands from domestic as well as export markets. The agency assigned outlook for the sector as "stable" for FY2022. The recovery in the domestic...

Seasonal factors, along with COVID-19 induced supply-side constraints and growing demand on account of the festive season, are expected to keep India's retail price inflation at an elevated level, consequently, eroding chances of a RBI lending rate cut. Leading economists...