learnt their lessons from the first wave apparel retailers are better prepared to manage working capital this fiscal a gradual pace of store addition coupled with retained proceeds of the equity raise made last fiscal will help support liquidity supported by better performance interest coverage3 ratio is likely to improve to 335 times this fiscal from 2 times last fiscal but remain below the prepandemic level of 5 timesnevertheless some players with weak balance sheets and modest credit quality may require additional debt to plug cashflow mismatches in the first half of this fiscalgoing forward the spread of infections ability to renegotiate rentals and rebound in discretionary demand will be the key monitorables ians published on jul 6 2021 at 1229 pm ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etretail app get realtime updates save your favourite articles scan to download app apparel retailer mumbai omnichannel crisil ratings crisil gautam shahi homenewscovid second wave to fray apparel retail growth profitability