Strong sales trend likely to sustain valuations of apparel retailers

ABFRL is top pick in the sector, followed by Shoppers Stop and V-Mart

The country’s largest listed apparel players clocked in sales exceeding pre-pandemic levels, aided by festival sales, easing restrictions, increased pace of vaccination, pent-up demand, and a favourable base. Average sales growth for Trent, Aditya Birla Fashion and Retail (ABFRL), Page Industries, V-Mart, and Shoppers Stop were upwards of 45 per cent.

Trent, which has been outperforming the sector over the last year and a half on the revenue growth front, topped the sales charts again with a year-on-year (YoY) growth of 86 per cent. Westside, which accounts for 74 per cent of the revenues, crossed the Rs 1,000 crore-mark for the