The Q1 crystal ball for consumer companies
SummaryJewellery retailers such as Titan Co. Ltd and Kalyan Jewellers India Ltd are expected to put up a good show. The Q1 business updates of both these companies show revenue growth has been strong.
Within consumer companies, the recovery in discretionary demand has not been uniform across the board. This trend is seen playing out in the June quarter (Q1FY24) as well with some companies faring better than others.