Decoding Value Creation in Retail
Published by RAI-BCG

Retail in India has evolved significantly over the past decades and years. As consumer behavior is constantly changing, companies are continuously shaping their business models to improve the retail experience. This report looks at value creation in retail from a shareholder perspective, over different durations, to identify companies who have been able to consistently deliver total shareholder return. How have retail companies performed with respect to the Sensex and the market? Does the answer change by considering the time period? What has really been driving this? The questions are many - and while the performance of a few companies is well known, this report really breaks it down on the financial drivers underlying this value creation - disaggregating the impact of growth, margin expansion, capital structuring and market expectation.