Indian fashion retailers, after a 51 percent year-on-year (YoY) revenue boost in fiscal (FY) 2023, are expected to face a slowdown in growth for FY 2024 due to inflationary pressures, said a recent analysis by ICRA. Revenue growth is projected to moderate to 10 percent, and operating profit margins (OPMs) are likely to dip by 100 basis points to around 5.7 percent due to a softer demand and high anticipated advertising and promotional spending.