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cat.a.lyst continues a series of snapshots on the retail market, as revealed in the India Retail Report 2015.
Total size of retail category: ₹43,243 crore
Share of modern retail: 8.3%
This market is growing at 14-15 per cent and is expected to cross ₹63,000 crore ($10.58 billion) by 2017. Modern retail is expected to grow at 21-22 per cent. Retail expanded at an average of 11-12 per cent with same store revenue growth being around 21 per cent.
Home and interiors
Total size of retail category: ₹102,750 Cr
Share of modern retail: 18.6%
The category’s three segments, broadly, furnishings, furniture and décor, are growing. There is a small shift of market share from furniture to décor during last two years. The furniture market saw marginal drop of 1 per cent and décor gained that much since the previous report. But the furniture segment contributes the highest overall. The market share of small furniture is 75 per cent and that of large is 25 per cent. Home furnishings contribute the lowest share of 26 per cent. Among the sub-segments within home furnishings, bed linen has the largest share close to half of total market. But the faster-growing sub-segments are curtains, upholstery, blankets, rugs and carpets.
Mobile & Telecom
Total size of retail category: ₹203,981 cr
Share of modern retail: 19.3%
All sub-segments of this market – services, handsets and accessories – are growing. Telecom services, which accounts for 64 per cent of this market, is seeing the biggest growth, followed by the handsets market with 31 per cent market share. Accessories contribute only 5 per cent and predominantly operate through the grey market.
Entertainment & Gaming
Total size of retail category: ₹96,094 cr
Share of modern retail: 14.3%
This market is growing at 14-15 per cent. Modern retail in this category is expected to grow at a healthy rate. Retail presence expanded by over 50 per cent and same-store revenue growth stood at 20 per cent.
Timewear
Total size of retail category: ₹11,592 cr
Share of modern retail: 61.6%
This category is growing at 13-14 per cent and is expected to touch Rs 17,000 crore by 2017. Modern retail is seen growing at a rate of 22-23 per cent and retail presence at 15 per cent. Feedback from the industry suggests that males account for over 60 per cent of timewear sales. Students and those aged 18-34 form another significant segment, with students contributing more than one fourth of the sales.
Source: Images group
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