With the festive and wedding season approaching, brokerages anticipate improved performance from consumer-focused companies. From retail to jewellery, several sectors are expected to experience improved growth in the third quarter. Analysts are optimistic about these industries as they see a positive growth outlook for the sector.

According to Nuvama Institutional Equities, the second quarter results are likely to mimic the previous quarter’s performance but it has pinned its hopes on the October to December period.

According to the brokerage’s numbers, the coming quarter has 17 wedding dates, the highest in five years. This may result in an increased number of weddings and a boost to consumer spending.

Jewellery

The jewellery sector picked up in Q2 after the government slashed the custom duty on gold from 15% to 6%, which offset the slowness seen in Q1, Nuvama said.

However, its positive outlook for the sector for the remainder of the year is primarily driven by a concentration of wedding dates in the second half of the year, coupled with the expected increase in festive buying during this period.

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According to Motilal Oswal, Tata Group’s Titan is expected to record net sales of ₹16,570 crore versus ₹14,430 crore in the second quarter.

The Tanishq owner’s adjusted profit after tax is likely to come in at ₹1,230 crore in Q3 compared to ₹1,080 crore in Q2, the brokerage said. For the whole year, it sees the company posting a revenue of ₹59,029 crore and a net profit of ₹4,050 crore.

Kalyan Jewellers, on the other hand, is projected to record a revenue of ₹6,663 crore and a net profit of ₹251.3 crore in the third quarter compared to a forecast of ₹5,916 crore revenue and ₹213.0 crore profit in Q2, according to the brokerage.

For the entire year, it expects the company to achieve sales of ₹24,769 crore and a profit of ₹866 crore.

Apparel

The apparels sector is one of the biggest beneficiaries of the festive and wedding season attracting more sales with affordable options.

Although a pickup on the ground has been missing so far, Nuvama said that hopes for the wedding season in the second half of FY25 remain high for the sector. Antique Stock Broking reiterated the sentiment saying companies are optimistic of a n uptick with the start of the festive season.

Analysts see Tata Group’s Trent is seen delivering a revenue of ₹4,936 crore in Q3 compared to ₹4,278 crore in the current quarter. Adjusted PAT is likely to come at ₹583 crore in Q3 compared to ₹398 crore in Q2, according to brokerages. For the entire year, they expect the Zudio parent to post a revenue of ₹17,796 crore and a net profit of ₹1,722 crore.

Analysts see its peer, Aditya Birla Fashion, to see revenue escalate to ₹4,790 crore in the festive quarter from ₹3,651 crore in the July to September period.

The company, which has been posting losses for several quarters now is also expected to trim its losses in the festive period. For the entire year, the company is expected to post a revenue of ₹15,804 crore.

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