The revenue of the organised apparel retail sector is expected to plummet 30-35% this fiscal due to temporary store closures, restricted mobility due to the lockdown and low income visibility for consumers, Crisil Ratings said. “While operating profitability is expected to be impacted by 200 basis points (bps), the absolute fall in operating profits will be much sharper, necessitating additional funding, mainly debt, by firms to make up for cash flow shortfalls. This will affect credit metrics,” it said. According to Crisil, sales at departmental stores will be hit harder with a 40% decline in revenue, as half of these stores are located mainly in malls and Tier 1 cities.