Lenskart, Meesho Lead India's Value Retail Consumption: Siddhartha Khemka
Value-focused retail formats like Lenskart and Meesho are driving India's consumption growth, despite challenges in premium categories due to stock issues. Demand dipped in September and October but is expected to improve by mid-October. Beauty products play a key role in sales trends. Rural income concerns may impact discretionary spending during the festive season. Companies with strong inventory management and store traction are positioned for growth.
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