Avenue Supermarts Q1 Review - Covid Puts A Break, But Story Intact: Dolat Capital Report
The logo of D-Mart, a supermarket chain operated by Avenue Supermarts Ltd., is seen on a shopping bag in Thane, Maharashtra, India. (Photographer Dhiraj Singh/Bloomberg)

Avenue Supermarts Q1 Review - Covid Puts A Break, But Story Intact: Dolat Capital Report

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.

Dolat Capital Report

Avenue Supermarts Ltd. (DMart) reported a muted Q1 FY22 impacted by Covid.

Steep costs control and healthy revenue growth in e-commerce were key positives. The second wave is likely to haunt marginally in Q2 FY22. This we believe to be transitionary. Its business fundamental remains robust.

Food and grocery division remains the biggest value migration play in retail (low-single digit organised share). DMart has aced the offline retail via its execution prowess.

It is among the few to have profitably mastered the game via its locations and 'Every Day Low Cost/Every Day Low Price' focus, which has created a virtuous network loop.

Click on the attachment to read the full report:

Dolat Capital Avenue Supermart Q1FY22 Result Update.pdf

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