Fashion Retailers’ Operating Profit Margin To Remain At 13-14% In FY25: Report
The report expects the operating profit margin (OPM) for the current fiscal to be lower than the pre-pandemic levels by 310 basis points
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Domestic Jewellery Consumption Growth Likely To Moderate In FY25 As Prices Rise
- by Pratyaksh Dutta
- June 26, 2024
Gold prices rise by approximately 14 per cent in FY2024 YoY and are higher by about 18 per cent YTD over FY2024 average Srikumar Krishnamurthy, Senior Vice President and Co-Head – Corporate Ratings, Icra notes that gold prices rose by approximately 14 per cent in FY2024 YoY and are higher by about 18 per cent […]
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CPI Inflation To Rise 5.0-5.2% In May: Report
- by BW Retail World Bureau
- May 15, 2024
ICRA estimates the food and beverages inflation to cross the 8.0 per cent mark this month The International Credit Rating Agency (ICRA) expects consumer price index inflation to grow at 5.0-5.2 per cent in May 2024. Data released by the Department of Consumer Affairs (DCA) indicates a mixed trend in retail food prices in May […]
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Icra Forecasts 8-9% Growth For India’s Apparel Exports In FY25
- by BW Retail World Bureau
- April 4, 2024
The rating agency Icra has said that India’s apparel exports are likely to grow by 8 to 9 per cent in the financial year (FY) 2025, benefitting from the low base and with replenishment of stock in the United States (US) and the European Union (EU) regions. Following the tepid demand environment in FY24, Icra […]
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Real Estate
Retail
Indian Retail Malls Poised For Growth: ICRA Projects Strong Rental Income
- by BW Retail World Bureau
- February 9, 2024
The commercial real estate outlook in India presents a varied scenario across different segments, as per a report by rating agency ICRA. The retail mall operators and warehousing sectors are experiencing growth driven by strong consumption trends. However, the office segment, while resilient, is facing a slowdown in leasing from technology-based sectors due to global […]
National
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Paper Industry Revenue Slips In FY24 As Volume Growth Stagnates
- by BW Retail World Bureau
- January 10, 2024
In the fiscal year 2023, the domestic paper industry experienced robust growth of 42 per cent in revenue, primarily propelled by augmented realisations, notably within the printing and writing paper (PWP) segment. However, as the industry navigates through FY2024, shifts in market dynamics have prompted a reassessment of expectations. According to rating agency Icra analysis, […]
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Trade
Higher Trade Deficit To Push Up CAD Sharply To $18-20 Bn In Q3FY24:Report
- by BW Retail World Bureau
- December 28, 2023
As India’s current account deficit (CAD) narrowed to a lower-than-expected USD 8.3 billion in Q2 FY2024, the higher trade deficit is likely to push CAD sharply to USD 18 to 20 billion in Q3 FY2024, the rating agency Icra has said. Although India’s CAD narrowed slightly on a QoQ basis in Q2 FY2024, the sharp […]
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Drop In Prices, Rate Hikes To Shrink Margin For Tea Estates In North India: Report
- by BW Retail World Bureau
- December 23, 2023
The rating agency Icra expects the margin for tea estates based out of North India (NI) to be significantly impacted in FY2024 due to the double whammy of increase in the cost of production, following the wage rate hikes in West Bengal and Assam and the drop in realisation due to the low export demand […]
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Indian Jewellery Consumption Growth Revised Upward Despite Inflation Concerns
- by BW Retail World Bureau
- December 23, 2023
As per a recent note on the Indian jewellery retail industry, Icra has revised upwards its forecast of the year-on-year (YoY) domestic jewellery consumption growth (in value terms) for FY2024 to ten to 12 per cent from eight to ten per cent estimated earlier, primarily driven by the rise in gold prices. Jewellery consumption is […]
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Strong Urban Consumption To Support 8-9% Rental Growth For Mall Operators In FY2025: Icra
- by BW Retail World Bureau
- December 14, 2023
The rating agency Icra expects the rental income for mall operators to increase by nine to ten per cent year-on-year (YoY) growth in FY2024 and eight to nine per cent in FY2025, driven by healthy occupancy levels, estimated growth in trading values and rental escalations. In H1 FY2024, the rental income for Icra’s sample set1 […]