What’s the outlook for the retail sector as festive sales gain momentum and GST new rates are expected to boost consumption levels? Well, Nuvama’s Q2FY26 preview is cautiously optimistic. They pointed out that the policy tailwind from quarter-end GST rate cuts has already begun to show in consumption patterns (most visibly in electronics) but a high base, volatile gold prices and lingering softness in discretionary spending keep the picture mixed.

Nuvama on retail sector: Key numbers and market outlook

Nuvama’s coverage universe of xxx indicated revenue increasing to Rs 15,914.7 crore from Rs 13,215.0 crore up 20% YoY. Sequentially it rose to Rs 15,914.7 crore from Rs 14,564.0 crore up 9% QoQ. These topline gains sit atop a margin environment that is stabilising in some pockets and und

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