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India's Arvind Fashions' Q4 profit jumps two-fold
Business Strategy: Indian retailers have been grappling with slower volume growth amid heightened competition and had to offer heavy discounts to sway customers, hurting their topline. However, demand for premium products aimed at high-income consumers remains a key driver of sales growth. Rival Shoppers Stop reported a 53 per cent rise in fourth-quarter profit last month, helped by demand in its beauty and luxury segments.
Business Strategy: Indian retailers have been grappling with slower volume growth amid heightened competition and had to offer heavy discounts to sway customers, hurting their topline. However, demand for premium products aimed at high-income consumers remains a key driver of sales growth. Rival Shoppers Stop reported a 53 per cent rise in fourth-quarter profit last month, helped by demand in its beauty and luxury segments.
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