The festive season in India - which started in September last year - brings in the lion's share of retailers' annual sales as customers splurge on new clothes, accessories and other items. The 2023 season begins late October.
Shoppers' Stop said consolidated net profit came in at 27.3 million rupees in the three months ended Sept. 30 from 162 million rupees a year earlier, but added that the industry expects demand to improve "materially" in the third quarter.
Publisher: Reuters
Date: 2023-10-18T14:28:00Z
Author: Reuters
Twitter: @Reuters
Reference: (Read more) Visit Source
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