Jubilant Food, Bata: Consumption stocks get leg up amid festive boost

Nine-day Navratri festival saw retailers witness the highest footfalls in two-three years across segments such as automobiles, consumer appliances, and apparels

Revival in consumer sentiment is set to boost consumption-related stocks this festive season, believe analysts. According to those at Prabhudas Lilladher, consumer demand remained steady during the July-September quarter (Q2FY23), despite price hikes and inflation, and persistent rural weakness.

The positive sentiment spilled over to the recently concluded nine-day Navratri festival that saw retailers witness the highest footfalls in two-three years across segments such as automobiles, consumer appliances and apparels.

"There exists a huge pent-up demand across quick service restaurant (QSR), Apparel, and Retail segments. Discretionary demand remained strong, more so with high sales proportion from middle, and upper-middle class