Appliance, garment manufacturers, restaurants to be worst-impacted in FY21: CRISIL
Coronavirus impact: E-tail, according to the report will be an exception as e-grocers such as BigBasket and Grofers, online marketplaces such as Amazon and Flipkart have seen a surge in demand and delivering essential items
- May 29, 2020,
- Updated May 29, 2020 9:34 AM IST
Household appliance manufacturers, readymade garments and quick service restaurants will witness the sharpest decline in revenue in FY21, says a recent report by CRISIL Research. The report says that while manufacturers of essential products will undergo a 2-4 per cent dip in revenue, the dip in revenue for discretionary product manufacturers would be as high as 16-30 per cent. With people's salaries getting impacted due to the prolonged lockdown, there will be a tendency of consumers to postpone purchase of discretionary products such as appliances or even jewellery.
E-tail, according to the report will be an exception as e-grocers such as BigBasket and Grofers, online marketplaces such as Amazon and Flipkart have seen a surge in demand and delivering essential items at the doorstep of consumers.
Household appliance manufacturers, readymade garments and quick service restaurants will witness the sharpest decline in revenue in FY21, says a recent report by CRISIL Research. The report says that while manufacturers of essential products will undergo a 2-4 per cent dip in revenue, the dip in revenue for discretionary product manufacturers would be as high as 16-30 per cent. With people's salaries getting impacted due to the prolonged lockdown, there will be a tendency of consumers to postpone purchase of discretionary products such as appliances or even jewellery.
E-tail, according to the report will be an exception as e-grocers such as BigBasket and Grofers, online marketplaces such as Amazon and Flipkart have seen a surge in demand and delivering essential items at the doorstep of consumers.