GST rate cut to lift apparel retailers’ revenue growth by 200 bps, says Poonam Upadhyay

New GST rate cuts will boost organized apparel retailers. Festive and wedding seasons are driving consumer spending. Easing food prices and softer inflation also improve sentiment. This should add 200 basis points to revenue growth. Larger brands will capture demand faster. Smaller retailers will also benefit, drawing consumers from the unorganized sector. Growth is expected across all segments and locations.

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