E-tailing industry size to swell; may clock biggest quarterly sales in Q2 FY18

Key Highlights

• E-tailers to witness 45% YoY growth in Q2 FY18.
• Festive season sales generated $1.5 billion in just five days.
• The e-tailing industry was estimated to be $14.5 billion industry in 2016.

Festive season sales that recently culminated in record sales for Flipkart and Amazon have proven to push the e-tailing industry to new heights. E-tailers are estimated to witness 45% year on year growth in the quarter July-September, a report by RedSeer research report said on Monday.

“Driven by a very strong e-tailing festive sales in Sep’17, with $ 1.5 billion of sales generated over 5 days, e-tailers are likely to see 45% y-o-y growth in Q3 CY17,” the report said.

The e-tailing industry was estimated to be $14.5 billion industry in 2016.

“E-tailers on track to record their biggest quarter ever in Q3 CY17- which should push industry size to over $17 billion for CY17 as a whole,” the report said.

Five day sale garners Rs 9,000 crore; Flipkart eats into Amazon’s revenue pie