Healthy revenue recovery for retailers in March 2022
News: As per Retailers Association of India (RAI), retail sales in March grew 28% YoY and 12% over pre-pandemic levels (March 2019). A strong recovery indicates a turnaround in consumer sentiments post relaxation in lockdowns and declining cases. Sports goods and apparel grew 26% each while food & grocery grew 28% YoY
Views: Easing of trade restrictions has resulted in all-round growth of retail businesses across regions and categories. While January and February were impacted owing to omicron variant, March witnessed a strong recovery on opening up of offices, reopening of schools and increased demand due to the wedding season. Companies with strong balance sheet and pan-India presence are well placed to benefit from the strong demand recovery
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