New Delhi, Oct. 21 -- The recent goods and services tax (GST) rationalisation is expected to lift the revenue growth of organised apparel retailers by around 200 basis points (bps) this fiscal, keeping topline growth steady at 13-14 percent for the second consecutive year, according to a report by Crisil Ratings released on Monday.

The report said the GST rate cut on apparel priced below Rs 2,500 will stimulate demand in the mid-premium segment, while the fast-fashion or value segment will continue to be the primary growth driver.

Although the relief is limited, Crisil noted that it provides timely support to sustain growth momentum in the sector.

The uniform 5 percent GST rate - replacing the earlier dual structure of 5 percent on app...