Every consumer company posting highest ever or at least pre-covid level results and here is this company. Management is still blaming Macro economic environment and discretionary income of population for its losses! Also, management is mentioning that slowdown in growth is also due to the lack of demand from rural tiers. Can’t understand if it makes any sense for a mid to high segment clothing retailer to blame rural population for its bad numbers.
I guess the main problem i.e. unit economics needs to be fixed before anything.
Disc. Not invested
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