Lenskart, Meesho among top picks as value retail leads India's consumption story: Siddhartha Khemka

Value-focused retail formats are growing in India, while premium categories face challenges due to stock availability issues. Recent demand fluctuated with a dip noted in September and October, with expectations for improvement in mid-October. Beauty products significantly influence sales, contributing to overall trends in the market. Rural incomes may pose risks to discretionary spending as festivals approach.