Profit margins of 11 listed retail entities to moderate by 120 bps to 5.2% in FY2024 : ICRA – ET Retail
Representative Image Higher discounts following a demand slowdown and increased advertising and promotion expenses to support revenue growth are likely to pressurise profit margins of fashion retailers in FY2024, according to an analysis by ICRA. The operating profit margins of 11 listed retail entities, which accounts for 23% of industry revenue, will moderate by close…