Apparel and lifestyle retailers saw their cash registers ringing for the second consecutive quarter, aided by strong festival demand and the reopening of offices, as people thronged physical stores to shop after two years of the Covid pandemic.
Aditya Birla Fashion and Retail, Trent, Shoppers Stop, Arvind Lifestyle, and TCNS Clothing Co saw their revenues hitting an all-time high in the September quarter. Others witnessed their sales growing in double digits during the quarter.
“The September quarter saw the highest-ever quarterly revenue for the company at both standalone and consolidated levels. This was driven by an aggressive network expansion, a strong