Footfalls at 90-92% of pre-COVID levels; seeing good Holi season: V-Mart Retail
In an interview with CNBC-TV18, Lalit Agarwal, founder and MD of V-Mart Retail, said that the company is seeing a good Holi season and also expects decent summer sales.
V-Mart Retail on Wednesday said that the company's footfalls are back to 90-92 percent of the pre-COVID levels with aspirational consumption seeing a strong bounceback.
In an interview with CNBC-TV18, Lalit Agarwal, founder and MD of V-Mart Retail, said that the company is seeing a good Holi season and also expects decent summer sales.
The company has taken a price hike of 18-20 percent for the spring-summer collection as input inflation still remains at elevated levels.
"There may be some impact of higher prices on demand," said Agarwal.
First Published: Mar 16, 2022 10:18 AM IST
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
Odisha: Fight of heavyweights in Sambalpur where farmers, weavers hold the key
May 17, 2024 10:22 AM
Lok Sabha Election 2024: What rural Delhi wants
May 16, 2024 10:10 PM
Over 50 onion farmers detained in Nashik ahead of PM Modi's visit
May 16, 2024 11:14 AM
Why Google CEO is cautiously optimistic about the election year
May 16, 2024 9:51 AM