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India's retail sector maintained a steady trajectory in August, recording a 10 per cent year-on-year (Y-o-Y) pan-India growth, according to a business survey by the Retail Association of India. Building on July's strong recovery, stable consumer demand across key regions and categories indicates strong industry preparation for the upcoming festive peak, it said. For August this year, regional sales growth remained consistent across the country at 10 per cent, led by an 11 per cent growth in West India, which outperformed other zones. South India followed closely at 10 per cent, matching the national average while East India and North India delivered stable growth trajectories during the month, registering 8 per cent and 9 per cent growth, respectively, RAI said. According to the survey, essential and routine categories remained the primary growth drivers, with quick service restaurants (QSR) peaking at 15 per cent and food & grocery reaching 12 per cent during the previous ...
Leading paint maker Asian Paints expects the business environment to remain dynamic in FY27 amid heightened competition, commodity price movements, supply-chain risks and geopolitical uncertainties, said its Managing Director and CEO Amit Syngle in the annual report. Syngle said the recent escalation in West Asia has added to uncertainty surrounding the global economy, particularly for import-dependent markets such as India. "The business environment will remain dynamic. Competitive intensity, commodity movements, external volatility and supply-chain risks will continue to require discipline," he said while addressing the shareholders. According to Syngle, the tensions in West Asia could have implications for energy costs, logistics and broader cost structures. Despite these near-term challenges, the company remains optimistic about its long-term prospects and believes it is entering the new financial year from a position of strength. "We enter the new financial year with a stronge
Shrugging off past disruptions, the Indian retail industry is gearing up for 2026 with a solid foundation and is expected to see better margins, driven by a shift in demand from major metros to Tier II and III cities, all while maintaining its position as the world's third-largest retail market. The Indian retail industry, valued at approximately USD 1.1 trillion, is marked by rapid digital integration, expansion into smaller towns, and significant mall development, driven by strong domestic demand, tech-led disruption, and rising consumer expectations for quality and value. With policy interventions such as GST reforms and income tax relief, coupled with a good monsoon and higher Minimum Support Prices (MSP), the industry anticipates a silver lining in consumer demand. Moreover, the rise of the value retail boom and premiumisation, is expected to usher in a year of accelerated growth. However, the industry faces challenges such as growing rentals, fierce competition across digital