The organized retail sector is showing no signs of slowing down. We compared the Income and PAT figures of all retailers and we see the average growth rate is around 50%. This Holiday Season was one of the best in India as we saw Nokia India selling the highest number phones in the world on any given day, pre-diwali. We can expect stronger Q3 numbers from retailers.
The top 5 retailers in India based on sales for Q2 are as follows.
Pantaloon Retail India Ltd
Shoppers Stop Ltd
Titan Industries Ltd