Retail cos expected to witness muted growth in Q3 after weak demand in Q2

In the apparel sector, few wedding dates and lingering weak consumption patterns are expected to hinder growth for companies

Retail companies are expected to experience muted top-line growth in the quarter, as demand continued to remain soft during the July-September period. Additionally, the delay in the festival season this year compared to the previous year has shifted demand into the third quarter.

“The moderation in raw material pricing should alleviate pressure on gross margins. However, decreased same-store sales growth could negatively impact store productivity and lead to operating deleverage,” said Motilal Oswal in its preview report on the sector.

Nevertheless, jewellery and watchmaker Titan Company is expected to buck the trend, thanks to robust sales growth driven by studded