Retailers report 6% growth through April 2023

By siliconindia  |  Thursday, 18 May 2023, 11:49:45 AM IST

Retailers report 6% growth through April 2023
Retailers across the country reported an overall increase of 6% in April 2023 compared to the level of sales over the same period in April 2022.
Retailers had reported growth of 23% in April 2022 as compared to pre-pandemic period (April 2019) and 41% growth when compared to sales level in April 2021 (Y-O-Y).
“While the growth of 6% in April 2023 vis-à-vis April 2022 is welcome, we will still have to see if the growth can get into double digits. We would await the results for the coming months to draw definitive conclusions,” said Kumar Rajagopalan, CEO, Retailers Association of India (RAI).
As compared to the sales level in April 2022, retail businesses across regions have reported growth in April 2023 with sales in East and South India indicating a growth of 7% each. While West and North India indicate a growth of 6% and 3% respectively.
In categories, Quick Service Restaurants (QSR) reported a growth of 16% followed by Food & Grocery (15%) as compared to sales levels in April 2022. While Furniture & furnishings and Consumer Durables and electronics (CDIT) showed a growth of 14% and 9% respectively as compared to sales levels in April 2022.

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