Q1 results review: Retailers post their best-ever quarterly sales

The first quarter without any Covid-induced restrictions saw retailers witnessing their cash registers ringing. Despite offline sales picking up in the April-June quarter, e-commerce sales also continued to grow. 

Aditya Birla Fashion and Retail (ABFRL), Page Industries, Bata, TCNS Clothing Company, Trent, and Reliance Retail all saw their revenue hit all-time highs in the first quarter of the financial year (Q1 FY23). 

“The traction was equal across metros, Tier-1, -2, -3 and -4 (cities),” VS Ganesh, managing director, Page Industries told investors after announcing its earnings on a conference call. Page Industries is the exclusive licensee of Jockey International for