Lifestyle brands (50% of sales) witnessed a heathy recovery with sales declining 21% YoY to | 1026 crore. Retail channel recorded impressive recovery rate of ~92% driven by healthy net store addition pace (opened 88 stores in YTDFY21) and LTL growth of (-) 17%. Owing to excess inventory in MBO channels, primary sales to wholesale channels continued to be laggards with recovery rate of mere 37% (secondary sales recovery rate: 7080%). The business model of 12 season inventory cycle has assisted in smoothly aligning its inventory with the current demand scenario (category lines like work from home, athleisure). Revenue from other business (that...