Avenue Supermarts - Festive Season Drives Q3 Revenue Growth: IDBI Capital
A shopper browses woman’s clothing at a D-Mart supermarket operated by Avenue Supermarts Ltd. in Thane, Maharashtra, India (Photographer Dhiraj Singh/Bloomberg)

Avenue Supermarts - Festive Season Drives Q3 Revenue Growth: IDBI Capital

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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.

IDBI Capital Report

Avenue Supermarts Ltd. Q3 FY21 results was better than expectations driven by meaningful recovery during the festive months of October-November 2020.

Re-introduction of night curfew and weekend closure by the government due to Covid-19 concerns impacted business-recovery during Dec-20.

DMart added only one store during the quarter. DMart-Ready has been launched in select pin codes of Ahmedabad, Bangalore and Hyderabad.

We read this as positive-sign; solving for convenience through disruptive business models is not just a trend but a business reality.

Strong recovery during festivals is a testimony that DMarts’s business is under no risk due to Covid-19 induced change in customer behavior.

Click on the attachment to read the full report:

IDBI Capital DMart Q3 Result Review.pdf

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