BQ Prime's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BQ Prime's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Centrum Broking Report
Across most of the retailers demand remained healthy in April and May before registering slowdown in June. Sales growth in retail is largely on account of aggressive retail footprint expansion and higher average selling price.
Our channel checks suggest pre-pandemic footfalls are yet to reach and same store sales growth remains weak for most of the companies. There have been minimal price hikes during the quarter.
Most of the price hikes taken during FY22 were sufficient to offset the raw material inflation. Barring Relaxo Footwears Ltd., we expect all other companies from our coverage universe to grow over Q1 FY20.
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