A Tale Of Two Retailers - DMart And V-Mart: Systematix
A customer pushes a shopping cart (Photographer Dhiraj Singh/Bloomberg)

A Tale Of Two Retailers - DMart And V-Mart: Systematix

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Systematix Research Report

Amidst the Covid-19 crisis, we analysed the business risks associated with the ‘cluster-based’ expansion strategy of Avenue Supermarts Ltd. and V-Mart Retail Ltd.

While almost 53% of DMart stores are clustered in Maharashtra and Gujarat, 57% of V-Mart stores are concentrated in Uttar Pradesh and Bihar.

A major slice of their business is impacted due to the restrictions and lockdowns imposed in their key markets to curb the rising number of Covid-19 cases.

We believe V-Mart is better placed than DMart given -

  1. the lower infection rate in UP and Bihar,
  2. comparable vaccination rate in these states despite lower spread and
  3. less stringent regulations by the state/local authorities.

Click on the attachment to read the full report:

Systematix - Retail - Company Update.pdf


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.

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