{"id":28274,"date":"2022-03-09T14:40:09","date_gmt":"2022-03-09T09:10:09","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-report-apparel-retailers\/"},"modified":"2022-03-09T14:40:09","modified_gmt":"2022-03-09T09:10:09","slug":"biz-report-apparel-retailers","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-report-apparel-retailers\/","title":{"rendered":"Apparel retailers&#8217; revenue expected to grow 25 pc in FY22: Report"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2472805169\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p> Mumbai, Mar 9 (PTI) Apparel retailers are set to witness a 25 per cent jump in their revenues during FY22 after a 40 per cent fall in FY21 on account of the pandemic, a rating agency said on Wednesday.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1526833445\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p> On the profitability front, the operating margins will come at 5-7 per cent, which is higher than the break-even achieved last fiscal but lower than the pre-pandemic average of nine per cent, according to a report by Crisil Ratings.<\/p>\n<p> &#8220;The sharp recovery seen in the second and third quarters this fiscal, and the expected healthy performance in the fourth quarter, will propel revenue to 75-80 per cent of the pre-pandemic level,&#8221; its Senior Director Anuj Sethi said.<\/p>\n<p> The revenues are expected to trail the pre-pandemic level in FY23 as well despite an 8-10 per cent growth on sustained footfalls and waning impact of COVID-19, he added.<\/p><div class=\"trade-content_5\" id=\"trade-3240412714\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> On the impact of the third wave, Sethi said it resulted in minimal disruptions to the operations of the brick-and-mortar retailers, courtesy of less-intensive restrictions and a much shorter duration of the infections.<\/p>\n<p> The industry players raised Rs 2,000 crore in equity to tide over the losses faced in FY21, which will help the credit profiles along with the surge in accruals in FY22, the rating agency said.<\/p>\n<p> The agency analysed 35 apparel retailers that account for 25 per cent of the sector&#8217;s revenue. Of these, eight representing 20 per cent of the sector&#8217;s revenue have seen a strong recovery of up to 60 per cent growth in revenues on higher sales in festive season and weddings.<\/p>\n<p> Due to the lockdowns, all the sector players have upped focus on the omnichannel presence and the share of e-commerce in the overall pie is expected to double to up to nine per cent as compared to the pre-pandemic period, the agency said.<\/p>\n<p> The retailers have renegotiated rentals and entered revenue-share agreements after the first wave of the pandemic, and also limited their seasonal collections leading to inventory rationalisation and lower working capital requirements, the agency said.<\/p>\n<p> Future waves of infections, the consumer spends on apparel and sustainability of cost optimisation measures remain the key monitorable going forward, it said. PTI AA  HRS hrs<\/p><div class=\"trade-content-10\" id=\"trade-4146272516\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<div class=\"trade-after-content\" id=\"trade-3940878787\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Mumbai, Mar 9 (PTI) Apparel retailers are set to witness a 25 per cent jump in their revenues during FY22 after a 40 per cent fall in FY21 on account of the pandemic, a rating agency said on Wednesday. On the profitability front, the operating margins will come at 5-7 per cent, which is higher [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31],"tags":[],"class_list":["post-28274","post","type-post","status-publish","format-standard","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Apparel retailers&#039; revenue expected to grow 25 pc in FY22: Report - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-report-apparel-retailers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Apparel retailers&#039; revenue expected to grow 25 pc in FY22: Report\" \/>\n<meta property=\"og:description\" content=\"Mumbai, Mar 9 (PTI) Apparel retailers are set to witness a 25 per cent jump in their revenues during FY22 after a 40 per cent fall in FY21 on account of the pandemic, a rating agency said on Wednesday. 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