Value retail, jewellery and luggage to outperform footwear and QSR in July-September quarter

Retail sector performance for the July-September quarter is expected to be varied. Value retail, jewellery, and luggage may perform well. Footwear and quick service restaurants continue to face demand issues. Retailers are investing heavily in network expansion, focusing on tier-III and tier-IV cities. Rural recovery and reduced inflation are anticipated to drive demand.