Organised retail sales surge, but companies remain cautious

Sales of organised retail segments during 2022-23 increased 34% compared to those in the pre-pandemic FY20, largely driven by quick-service restaurants, sporting goods and electronics, a report by Retailers Association of India (RAI) has said.

While the bulk of the growth was price-led, consumer demand across categories bounced back as per the report that surveyed top 100 retailers from modern retail across segments.