Retailers lean on new store additions as same-store sales growth moderates under quick-commerce pressure
June-quarter updates show DMart posting 15% revenue growth but softer ~7-8% SSG versus 10.8% prior, with revenue per store down 4%. V-Mart (SSG 9%) and Baazar Style (SSG 7%) also cooled, while QSR recovered modestly (Jubilant LFL 2.5%). Jewellery led, with CaratLane up 42% and Candere up 112%.
June-quarter updates show Indian retailers leaning on new store additions as same-store sales growth moderates, pressured by quick commerce. DMart, V-Mart and Baazar Style saw softer SSG; QSR recovered slightly; jewellery (CaratLane, Candere) remained the standout performer.