Sales of top retailer saw a significant rise in the October-December quarter, driven by good festive and wedding seasons. Top retailer such as Aditya Birla Fashion & Retail (ABFRL), Reliance Retail, Shoppers Stop, Avenue Super marts, Titan and Bata saw sales surpassed pre-Covid level.
Seeing improvement in consumer sentiment, retailers expect a much shorter disruption due to third wave of COVID-19 pandemic, with most of the retailer accelerate expansion plans in the coming few months.
Compared to earlier quarters, sales in both ecommerce and store revenue increased in the December quarter. Aditya Birla Fashion & Retail saw a sales growth of 55%, Reliance Retail saw a growth of 90% in retail revenue, Sales at Avenue Super marts grew 22%, Titan’s revenue surged 36% while Bata reported higher than pre-covid level sales.