Food, grocery retailers to witness 14% jump in FY25 revenues, says Crisil
₹2.4 trillion organized market. It anticipates significant capital expenditure in the sector, with an estimated ₹5,500 crore expected over fiscal years 2024 and 2025, mainly in online expansion and store upgrades, according to Shounak Chakravarty, associate director at Crisil Ratings.
Strong cash flows and steady working capital cycle will limit the players’ dependence on external debt, ensuring strong balance sheets and stable credit profiles. "Healthy demand outlook and low organised penetration will ensure mid-teens’ revenue growth for food and grocery retailers this fiscal and the next.
We expect area addition of Crisil Ratings-rated players to increase 20% cumulatively over fiscals 2024 and 2025 on a high base following a substantial increase of 40% in fiscals 2022 and 2023. Incumbent retailers are also expanding into omni-channel platform—includes brick-and-mortar stores and online formats—to compete with quick commerce players," said Poonam Upadhyay, director, Crisil Ratings.Milestone Alert!
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