India's quick-service restaurant (QSR) chains witnessed another subdued quarter in Q2FY26 as value-seeking behaviour among consumers intensified, prompting companies to double down on promotions and low-priced offerings, according to a sector review by Nuvama Institutional Equities.
According to the report, the discretionary universe is expected to face a tailwind from new age businesses, which are expected to grow at a 49 per cent YoY rate, while a slow growth rate from paint companies can offer headwinds to this universe.
The retail sector, particularly apparel, displayed notable variation in performance. Value fashion continued to see strong demand reporting impressive revenue growth and same-store sales growth (SSSG).
New Delhi [India], August 10 (ANI): Revenue of apparel retailers is expected to grow by 21 to 23 per cent in the current financial year driven by better same-store sales and higher contribution from new stores set up in the past 2-3 fiscals, CRISIL Ratings said in a report.