Indian retailers went through a painful June quarter owing to the pronounced impact of the covid-led lockdown. With the gradual lifting ofc, the September quarter has brought in some respite.Those selling inner-wear saw better recovery, said analysts. “The recovery pack was led by inner-wear, followed by grocery, QSR (quick-service restaurants), jewellery and apparel retail," said Edelweiss Securities Ltd analysts in a report on 20 November.
Page Industries Ltd, which sells inner-wear and athleisure products, saw its revenue drop curtailed to just 4.5% year-on-year for the September quarter from nearly 66% fall in the June quarter.