Retail businesses post 13% growth over pre-pandemic levels in June 2022
News: As per media reports , retail businesses across India witnessed 13% sales growth in June compared to pre-pandemic levels of the same month in 2019.
Views: As per market participants, though June recorded revenues, which were higher than pre-pandemic levels, the rate of growth appears to have moderated in the second half of June in the absence of festive and celebratory occasions. Also, the impact of inflation on volume growth across categories will be a key monitorable. Jewellery category grew 27% while apparel and clothing grew 14% over pre pandemic level indicating improved consumer sentiment leading to enhanced demand, which augurs well for lifestyle fashion and jewellery segments.
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