QSR, lifestyle companies see slower sales in March quarter, April

The slowdown in sales growth for large quick-service restaurants, lifestyle, apparel, and discretionary products in India has been observed in the March quarter and in April. This slowdown is attributed to higher inflation, moderation in pent-up demand, and tighter financial conditions. While retail sales grew in strong double digits consistently over the past year, it slowed to 6% in both March and April – the slowest sales expansion in over 14 months, according to Retailers Association of India (RAI).

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