Apparel retail chains projected to grow 8-10% this fiscal year amid fast fashion boom

Brick-and-mortar apparel retail chains are projected to grow by 8-10% this fiscal year, driven by higher demand from normal monsoon, easing inflation, festive and wedding seasons, and fast fashion. Retailers will focus on improving efficiency and expanding in tier 2 and 3 cities. Profitability is expected to see a marginal increase.