Avenue Supermarts Q1 Results Review -  Rising Footfalls, Online Scalability Positives: Prabhudas Lilladher
Various brand of oil products kept on shelves in DMart. (Photo: BloombergQuint)

Avenue Supermarts Q1 Results Review - Rising Footfalls, Online Scalability Positives: Prabhudas Lilladher

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.

Prabhudas Lilladher Report

Avenue Supermarts Ltd. (DMart) Q1 results depicted impact of a strong second wave with business loss of more days (versus last year) and higher restriction on operating hours/non-essential sales.

However, rising footfalls, vaccination drive, 203% sales growth in DMart Ready and work on new store openings is positive.

Despite near-term challenges, we remain optimistic about the long term potential of DMart on back of:

  1. Increasing scale and scope DMart Ready.

  2. Extending offerings on DMart Ready app to include general. merchandise, fresh food and vegetable.

  3. Growth in general merchandise sales over lower base.

  4. Everyday low value focus.

  5. Steady store expansion plans.

Click on the attachment to read the full report:

Prabhudas Lilladher Avenue Supermarts Q4 Review.pdf

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