Research agency India Ratings has retained its negative outlook for India’s retail sector the next fiscal as well with a stable bias, and ruled out revising it to positive near-term.
Moderate single-digit revenue growth and operational efficiencies translating into stable margins comparable to levels seen thus far in FY14 will result in marginal improvement in credit profile from FY13 levels for most retailers, which is not strong enough to revise the negative outlook, the rating agency said in its report while retaining its negative outlook.
The report also said a positive outlook for the sector is unlikely in the near future.
(Source: Business Standard )