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Second Covid wave to delay full recovery for apparel players to FY23: ICRA ANI | Updated: Apr 21, 2021 17:59 IST New Delhi [India], Apr 21 (ANI): Investment information firm ICRA expects full recovery for Indian apparel players to be prolonged and pushed back to FY2023, given the resurgence of Covid cases in India and some of the key export markets. Their business performance in FY2022, however, is expected to be better than FY2021, supported by continued favourable progress on the vaccination rollout and a material shift witnessed towards online shopping. This will cushion the adverse impact on the brick-and-mortar outlets, helping companies report a better performance vis-a-vis last year.

New delhiJayanta royGroup head for corporate sector ratingsSenior vice presidentGroup headCorporate sector ratingsNdian apparel playersEsurgence of covid casesRick and mortar outletsLobal apparel marketsபுதியது டெல்ஹிஜெயந்தா ராய்மூத்தவர் துணை ப்ரெஸிடெஂட்குழு தலைபெருநிறுவன துறை ரேடிஂக்ஸ்