A report by HDFC Securities predicts that the consumer discretionary sector would likely exhibit conflicting signals and grow at a rate of 18% annually due to a mix of favourable and unfavourable factors.
New age enterprises are predicted to increase at a 49% YoY rate, which is projected to be a tailwind for the discretionary universe, according to the report. The report also estimates that the clothing and footwear industries will grow at rates of about 16% and 7%, respectively.
It is anticipated that the same-store sales growth (SSSG) of various categories will exhibit notable variations in their Q1 performance. The apparel sector will see stable growth where value retail continues its steady growth. Conversely, in Q1, the Footwear segment’s SSSG is probably going to experience pressure from demand.
