Avenue Supermarts Q3 Review - E-Commerce To Refuel Growth Engine: Prabhudas Lilladher
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Prabhudas Lilladher Report
As post Covid-19 recovery catches up, Avenue Supermarts Ltd. seems gaining confidence on expansion of DMart ready with -
- launch in Ahmedabad, Bangalore and Hyderabad
- allocation of store space for operations and
- extending DMart ready to general merchandise (home furnishings, small electrical and kitchen aids) and fruits and veggies.
Q3 FY21 results were strongly driven by a surge in festival shopping resulting in a beat across Ebitda/profit after tax.
Worst seems over although near term outlook remains mixed due to disruption due to night curfew and weekend closure in certain cities, supply issues in non FMCG goods and mix impact as apparel, laundry, footwear and travel segments remain impacted.
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