BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
V-Mart Retail Ltd.’s Q2 FY22 revenue recovery at 100% of pre-Covid-19 levels on a comparable basis (excluding the addition of 74 Unlimited stores) with Ebitda (post Indian-AS-116) of Rs 206 million – both were above our / consensus estimates.
Store addition momentum continued with 86 net store additions in the quarter (including 74 Unlimited stores).
V-Mart remains confident of strong revenue recovery on the back of early onset of winters and festive season ahead.
As highlighted in our recent note, margins to surprise as demand bounces back, we believe earnings of apparel brands and retail companies may surprise positively led by faster-than-expected demand recovery and expect consensus to turn more constructive with Q2 FY22 management commentary.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR