However, from May, there is slight improvement as people started buying for the upcoming wedding season. We hope for it to improve further during the end of season sale," said Devarajan Iyer – Executive Director & CEO (Lifestyle). "Same-store sales growth continues to be flat for Jubilant impacted by decline in average ticket sizes and consumers downtrading due to inflation. "Last year, during these times, we were witnessing pent-up demand in March and April and that has considerably moderated this year. This had impacted our sales in February and March.

Source: Economic Times May 19, 2023 13:07 UTC